DUBAI, Sept 20 (Reuters) – Saudi Arabian utility developer ACWA Power IPO-ACPO.SE has delayed plans for an initial public offering (IPO), originally envisaged for this year, sources familiar with …
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Airdxb is opening doors to facilitate short-term property rentals in the UAE
Paperwork. It’s at once the most inevitable and most exasperating necessity when it comes to getting things done, especially when it comes to housing matters. From title deeds, memorandums of understa…
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Expats in UAE cash in on weaker home currencies
The three-month period saw a jump of 8.8 per cent in transfers to Dh44.4 billion as against Dh40.7 billion during the same period last year, data from the Central Bank of the UAE data shows. Other top …
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Expat remittances from UAE increase 13% to $23.96bn
Expat remittances from the UAE totalled AED 88 billion ($23.96 billion) in the first half of 2018, a 13.1 percent growth from the AED 77.8 billion ($21.18 billion) recorded during the same period in 2…
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Al Hilal Bank Successfully Closes Landmark $500 Million Sukuk
The transaction, under Al Hilal Bank’s new management team, marks the first Senior Public Sukuk from the UAE since April 2018, and re-opens the Capital markets for GCC issuers. Al Hilal Bank was last …
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Qatar’s Commercial Bank in talks for $1 billion loan
DUBAI, Sept 20 (Reuters) – Commercial Bank, Qatar’s third-largest lender by assets, is in early talks with banks to refinance a $1 billion syndicated loan, sources close to the matter said. The deal w…
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Qatar’s Commercial Bank says targets $750 million loan refinancing
DUBAI, Sept 20 (Reuters) – Commercial Bank, Qatar’s third-largest lender by assets, aims to raise $750 million through a syndicated loan, a bank spokesman said on Thursday. The deal would be the secon…
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Non-oil sector to spur growth in UAE GDP
The UAE’s real gross domestic product (GDP) is poised to grow at 2.3 per cent in 2018, underpinned by an estimated 3.6 per cent year-on-year growth in the non-oil sector in the second quarter, the cou…
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Reasons why your bank account can be frozen in UAE
Though there are a number of reasons for which the UAE residents’ bank accounts could be frozen such as arrest after a serious car accident or financial loss to the employers, but visa change or visa …
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UPDATE 1-UAE central bank trims 2018 GDP growth forecast to 2.3 pct
DUBAI, Sept 19 (Reuters) – The United Arab Emirates central bank has cut its forecast for economic growth this year after non-oil growth slowed slightly in the second quarter, according to a report re…
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Dubai’s high-tech sector attracts $21.7B
Dubai attracted $21.66 billion worth of foreign direct investment in high-end technology transfers in three years to emerge as the top global destination for FDI in technology transfers like artificia…
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UAE connection behind Tamil, Telugu film ‘U-Turn’
Dubai-based industrialist Satyanarayana Bokka has joined a select group of people in the UAE who have ventured into Indian cinema. Bokka, who launched his movie production company under the banner …
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Dubai to host world’s first pro day-night golf tournament
Dubai: The Omega Dubai Ladies Classic (ODLC … There will also be greater amateur and community involvement. Gulf News already confirmed earlier this month that the ODLC would no longer be …
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HFTP and Naseba Announce HITEC Dubai 2018 Advisory Council
Hospitality Financial and Technology Professionals (HFTP®) and Naseba are bringing back HITEC® Dubai this year from December 5-6 at the Madinat Jumeirah in Dubai, UAE. A regional extension to the worl…
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Never allow unlicensed pest control, Abu Dhabi authorities warn
Abu Dhabi: Authorities in the emirate have cautioned … the Centre of Waste Management (Tadweer) told Gulf News in a statement. To spread awareness among residents, the centre said: “Only …
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UAE’s high net worth investors keen on sustainable investments
Dubai: High net worth investors from the UAE are keen on committing more resources to sustainable investments, according a recent study done by Investor Watch report by UBS Global Wealth …
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Meet the men bringing you Gulf News for four decades
Dubai: In the growth story of Gulf News, one of the most important roles has been the commitment and hard work of its distribution personnel in the circulation department who have — over the …
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