Bank Audi sal (Bank Audi) has signed a definitive agreement with First Abu Dhabi Bank (FAB) for the acquisition by FAB of 100 percent of the share capital of its Egyptian subsidiary, Bank Audi sae.
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UAE Approves Russia’s Sputnik Covid-19 Vaccine for Emergency Use
The United Arab Emirates approved Russia’s Sputnik V vaccine for emergency use on Thursday, amid a surge in coronavirus cases in the Gulf nation.
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Shanghai Electric Strengthens Environmental, Social, and Corporate Governance for Dubai MBR Solar Park Project
Shanghai Electric Group (“Shanghai Electric” or “the Company”) has strengthened its environmental, social, and corporate governance for the Phase 5 project for Dubai’s 900MW Mohammed bin Rashid Al …
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flydubai Launches Double Daily Flights To Doha
Dubai-based airline, has announced today the resumption of flights to Qatar. A double daily service from Dubai International (DXB) to Doh …
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Dubai Financial Watchdog to Release Consultation Papers for a Crypto Regulatory Framework
The Dubai Financial Services Authority (DFSA) has unveiled its plans to create a regulatory framework for cryptocurrencies. The announcement was part of its 2021-2022 business agenda released this …
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Abu Dhabi and Aldar to develop $12.25bn worth of projects
Framework agreement will see Aldar take on the management of major projects, as well provide management oversight for Musanada projects, amongst other duties …
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UAE steps in to ease Nile dam crisis
Sudanese reports recently revealed that the United Arab Emirates is seeking an initiative to bring the views of Egypt, Sudan and Ethiopia closer so as to break the deadlock in the negotiations on the …
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Dubai Places Curbs on Hotels and Hospitals as Cases Surge
Dubai ordered hotels and restaurants to put entertainment activities on hold and asked hospitals to cancel elective surgeries amid a record daily surge in coronavirus cases in the United Arab Emirates …
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6 things to do at Dubai’s new THAT Concept Store
THAT Concept Store is Mall of the Emirates’ newest addition, they have everything you need under one roof and it really is the coolest concept to shake up your shopping experience. They currently have …
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UAE Signs Agreement to Purchase F-35s, Drones From US
The United Arab Emirates signed an arms agreement, which includes the purchase of F35 fighter jets, with the United States just hours before US President Joe Biden was inaugurated, Reuters first …
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UAE telecom giants Etisalat, Du increase foreign ownership limit to 49%
Shares of Etisalat and Du jumped more than 14% following the announcement to consider lifting foreign ownership limit …
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UAE’s Etihad to start flights to Qatar next month
UAE’s national carrier, Etihad Airways, will restart flights to Doha, Qatar following the lifting of a three-year blockade, the Abu Dhabi-based airline confirmed on Wednesday. The flights will start …
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Dubai cancels non-essential surgery, live entertainment as COVID-19 cases surge
Dubai has suspended non-essential surgery for a month and live entertainment in hotels and restaurants until further notice as coronavirus infections surge.
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Vaccine Rollout Lifts Dubai Shares to Top of the Equity Pile
One of the world’s fastest vaccine rollouts is fueling one of its best stock rallies.As the United Arab Emirates pushes its inoculation program, the Dubai Financial Market General Index has climbed 12 …
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Dubai Places Restrictions on Hotels and Hospitals as Cases Surge
Dubai has ordered hotels and restaurants to put all entertainment activities on hold and is asking hospitals to cancel elective surgeries amid the biggest surge in coronavirus cases in the United Arab …
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UAE Aims to Become Blue Hydrogen Powerhouse to Cut Emissions
The United Arab Emirates aims to become a major hydrogen producer, contributing to the oil-rich state’s effort to slash polluting carbon emissions by nearly a quarter.
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Sharjah Islamic Bank achieves net profit of $110.5mln for 2020, propose 8% cash dividend
Sharjah Islamic Bank has reported an increase in its operating profits before provisions by 8.7 percent, amounting to AED697.7 million, compared to AED642.1 million for the same period last year. The …
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