DUBAI, Oct 23 (Reuters) – National Commercial Bank (NCB) and telecom stocks dragged down Saudi Arabia’s main index on Monday while Emaar Properties weighed on Dubai’s stock market for the second day in a row. The Saudi index fell 1.3 percent to 6,886 …
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Dubai Financial Market Signs Deal to Trade Futures on Nasdaq Dubai
The DFMGI tracks a basket of leading DFM-listed companies, providing broad exposure to the UAE economy in vibrant sectors including property, banking, telecoms, insurance and transport. Essa Kazim, Chairman of DFM, said: “The diversification of products …
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Islamic Development Bank (IDB) celebrates listing $1.25 billion Sukuk on Nasdaq Dubai
The listing supports the economic development and social advancement goals of IDB, an AAA-rated multilateral institution, whose activities include providing financing for development projects in line with Shari’ah’a principles to its 57 member countries.
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Emaar weighs on Dubai, Banks drag down Saudi early on
DUBAI, Oct 23 (Reuters) – Emaar Properties weighed on Dubai’s stock market in early trade on Monday for the second day in a row, while Saudi Arabia was dragged down by the banking and insurance sectors. The Dubai index lost 0.7 percent as Emaar fell …
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Dubai property deals cross Dh204 billion in nine months
Overall property transactions in Dubai totalled Dh204 billion in the first nine months of 2017, according to the Dubai Land Department (DLD) data released on Monday. This was done through 52,170 transactions. This compares to Dh259 billion worth of …
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Coloured solar panels and Tesla cars among green initiatives
Students from Dubai Modern Education School, explain their project to visitors at their stall during Wetex. Photo: Ahmed Ramzan/ Gulf News Using crowdfunding, UAE residents will be able to invest in a total of 3,000 kilowatts of solar energy. In addition …
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Somalia thanks UAE for humanitarian assistance
Somali Ambassador to the UAE, told Emirates News Agency (WAM) recently. The UAE said that it would also rush urgent medical supplies and medicines to Somali hospitals to increase their capacities to provide health-care services to the increasing number of …
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UAE weather has dropped to 17°C
Dubai: The mornings are all set to be a breeze as the minimum temperatures have now gone below 20 degrees Celsius. On Tuesday, the National Centre of Meteorology and Seismology (NCMS) recorded the lowest temperature at 17.3 degrees Celsius in Damtha, at 6 …
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Apple Pay launches in UAE
Dubai: Leave your wallet behind when you head to the coffee … to increase a wider user base for digital wallets due to brand names backed by trusted technology,” Yasmeen said. Nearly 2 per cent of the retail sales comes from online retail in the …
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First day of Wetex features coloured solar panels and Tesla cars
Students from Dubai Modern Education School, explain their project to visitors at their stall during Wetex. Photo: Ahmed Ramzan/ Gulf News Using crowdfunding, UAE residents will be able to invest in a total of 3,000 kilowatts of solar energy. In addition …
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Abu Dhabi Police transport fleet gets new livery
Abu Dhabi: Abu Dhabi Police’s fleet of helicopters and rescue vehicles has been repainted with a new livery in the colours blue and white. The police force started repainting its transport fleet since September as part of a transformation campaign.
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Abu Dhabi establishes $3m incentive scheme for events organisers
Abu Dhabi’s Department of Culture and Tourism has launched an … The new grant is open to all entities in the retail and events industry, venues and intellectual property owners. The initial phase is now open and will run until December 31.
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Dubai property demand rising on back of Expo 2020 – Land Department
Demand for real estate in Dubai is growing even as the emirate prepares to host Expo 2020, the Dubai Land Department (DLD) has said in its latest report. In the first nine months of this year, a total of 52,170 transactions were recorded with a total value …
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Dubai, Abu Dhabi market futures to be traded on Nasdaq
Dubai Financial Market (DFM) and Abu Dhabi Securities Exchange have signed licensing deals allowing futures contracts linked with the DFM General Index (DFMGI) and Abu Dhabi General Index (ADI) to be traded on Nasdaq Dubai’s equity futures market. The …
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20 cars seized, 130 others fined in crackdown on reckless driving in Sharjah
Sharjah: Police here have seized 20 vehicles and fined 130 others this month in a campaign against reckless driving. Lieutenant Colonel Khalid Al Kay, Deputy Director of the Traffic and Patrol Department at Sharjah Police, said the police in the emirate …
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Schon Properties Enters Jordan Market With New Office
Schon Properties, an award-winning Dubai based property developer, opens a regional sales and marketing office in Amman, Jordan located at Emaar Towers, to expand its investor base from the Levant market. Jordanian investors have contributed significantly …
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Sharjah Book Fair 2017 theme revealed
Sharjah: The Sharjah Book Authority (SBA), has announced the theme for this year’s Sharjah International Book Fair (SIBF) — ‘A World in My Book.’ Taking place from November 1 to 11 at the Expo Centre Sharjah, the theme for the 36th edition of the …
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