Dubai-based Mashreq has confirmed its future as a branchless bank, with the launch of its digital entity Mashreq Neo. As reported in May, Mashreq was mulling the branchless route in a speech by CEO Abdul Aziz Al Ghurair at its 50th anniversary ceremony.
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UAE’s price comparison portal pulls in $10m
Dubai: Dubai-based Souqalmal.com, the price comparison website for the banking and insurance sector, has pulled in some major investor interest to the tune of $10 million (Dh36.73 million). The new shareholders include GoCompare Group, which operates the …
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Land sales, new projects brighten prospects of Dubai property
An increase in new developments and land sales has helped Dubai’s property market post a strong rise in transactions and turnover in the first half of 2017, suggesting last year’s slide may have bottomed out as developments accelerate ahead of Expo 2020.
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Oil-rich Saudi Arabia to supply cheapest solar power ever recorded
Dubai — Saudi Arabia received offers to supply solar electricity for the cheapest prices ever recorded, marking the start of a $50bn programme to diversify the oil producer’s domestic energy supplies away from fossil fuels. The energy ministry said Abu …
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Emirates NBD: UAE, Saudi enjoy robust non-oil private sector growth
These are good times for private sector development in the region, especially in the UAE, KSA and Egypt, according to a survey by Emirates NBD, a prominent banking group in the region Despite softening slightly in September, growth in the UAE’s non-oil …
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Brit dad-of-two facing year in hellhole Dubai prison over a ‘fake £20 mix up’ on dream family holiday
A BRIT tourist is facing year in a hellhole Dubai jail over a single fake £20 note. Dad-of-two Billy Barclay was handcuffed and arrested in front of his horrified wife and two young kids at Dubai airport. Billy Barclay was handcuffed and arrested in front …
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Dubai 2020 Blockchain Dream Sees First US Govt-Backed Trade Mission
The Chamber of Digital Commerce (CDC) is leading the first Blockchain trade mission to Dubai in direct partnership with the US Department of Commerce. The pioneering four-day visit, which includes participation from a number of Blockchain companies …
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Sport stars to motivate Dubai residents to get fit
… that will be promoting the avenues and activities that can help people lead an active lifestyle in Dubai, Eisa Kazim, CEO of DCTCM, told Gulf News on Tuesday. He said the department will also rope in celebrities and social media influencers to …
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Masdar, EDF submit lowest bid to supply Saudi solar power
Masdar, officially named Abu Dhabi Future Energy Co, and EDF are already partners in an 800-megawatt project in Dubai. Prices for solar projects in the Middle East have set successive records with first Dubai and then Abu Dhabi coming in with all-time low …
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A 50% ‘sin’ tax on soda in Dubai could have global consequences
The United Arab Emirates now taxes sugary drinks, partly as a way to lower obesity and diabetes rates. Other countries are considering similar taxes, and are watching the UAE’s experiment to see if it works. Past soda taxes have had little success in …
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UAE non-oil private sector records strong growth in September
Dubai: Growth in the UAE’s non-oil private sector remained sharp and marked the strongest quarter recorded for two years. The latest improvement in business conditions was driven by above-average expansions in both output and new orders. The data also …
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Report illegal pesticide use to police, Abu Dhabi residents told
ABU DHABI: A top waste management official in Abu Dhabi has called on residents to report immediately to police if they come across anybody in their buildings using unauthorised chemicals or substances for treating pesticides. Mohammad Al Marzouqi …
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Four win National Geographic Abu Dhabi’s Moments awards
It was that minute that the children were celebrating after scoring a goal,” he told Gulf News. “I never expected I was going … which includes National Geographic Abu Dhabi. “This year’s entries came from 18 Arabic speaking countries.
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9th session of UAE-Iraq Joint Cooperation Committee concludes today in Abu Dhabi.
The 9th session of the UAE-Iraq Joint Cooperation Committee concluded today at the Ministry of Foreign Affairs and International Cooperation in Abu Dhabi. Dr. Anwar bin Mohammed Gargash, Minister of State for Foreign Affairs, headed the session while the …
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Abu Dhabi launches US$10bn triple-tranche offering
Abu Dhabi is rated Aa2/AA/AA. (Reporting by Robert Hogg; editing by Sudip Roy) Get latest news & live updates on the go on your pc with News App. Download The Times of India news app for your device. (This story has not been edited by timesofindia.com and …
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Former property professional in Dubai develops taste for fine art
For someone who started out working in property development, Hisham Samawi has certainly … the brothers are focused on growing in the region, with Abu Dhabi the “logical next step”, then elsewhere in the GCC and perhaps Beirut. They are not …
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Saudi Arabia gets cheapest bids for solar power in auction
Masdar and EDF are already partners in an 800-megawatt project in Dubai. Prices for solar projects in the Middle East have set successive records with first Dubai and then Abu Dhabi coming in with all-time low power pricing. A combination of improving and …
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