Dubai Exports, the export promotion agency of Dubai Economy … are purchasing Halal products and services due to its natural and wholesome nature. In the financial services sector we have seen that a large proportion of the customers of Islamic banks …
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Barriers still holding back growth of Islamic finance – Fitch
The ratings agency said greater harmonisation of sharia codification within and between jurisdictions is often cited as a limiting factor if Islamic finance is to gain wider acceptance among regional and international investors. Dubai, through its Islamic …
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Abu Dhabi’s Mubadala mulls Emirates Global Aluminium IPO in 2018
Reuters reported in March that EGA had chosen banks to advise on the listing, but this is the first time its owner has confirmed the planned IPO. “We hope to take this … Owned by Mubadala and Investment Corporation of Dubai (ICD), aluminium producer …
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UAE central bank says removes more excess liquidity
The central bank of the UAE removed liquidity for the third straight month as an increase in deposits amid signs of economic improvement bolsters the banking industry. It withdrew Dh12.3 billion in September, Dh3.1bn in August and Dh8.2bn in July, the …
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Judo Federation chastises Abu Dhabi over Israeli treatment
JERUSALEM – The International Judo Federation is demanding that the United Arab Emirates treat Israeli athletes equally after reports it is banning the Israeli flag at an upcoming contest. A letter from the IJF to the president of the UAE Judo Federation …
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Dubai Zoo to close on November 5
Dubai: The 50-year-old Jumeirah Zoo will now be closed in preparation for the opening of the Dubai Safari project, Dubai Municipality announced on Wednesday. In a press release, Khaled Al Suwaidi, director of Leisure Facilities Department at Dubai …
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‘Dubai Tap’ to help save 27,000 litres of water per person for ablutions
told Gulf News the new taps will also be used in Dubai Municipality projects. As per the agreement, the company shall bear all costs for the production and marketing of the product, while the Municipality shall encourage property developers to use Dubai …
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New assistive technology to be on show for people with determination
Dubai: Technology has been helping people of determination to be more independent and increase their employability and many of these new devices will be exhibited in this year’s AccessAbilities Expo 2017 happening next month. AccessAbilities Expo 2017 …
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Hussain Al Qemzi leaves Noor Bank
Dubai: Noor Bank on Wednesday announced the departure of Hussain Al Qemzi from his position as Managing Director of Noor Bank, effective October 31, 2017. Hussain Al Qemzi was CEO of Noor Bank from its inception in 2008 until June 2017 when he became the …
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Former UAE resident battles bizarre case of ‘identity theft’
Dubai: A bizarre case of “identity theft” has landed a former UAE resident in serious trouble. Pakistani Zair Mohammad claims copies of his Emirates ID are being brazenly used by unknown persons to rent cars and take loans in his name, even as he faces …
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First Nine Months of 2017 Show Dubai Real Estate in Recovery
Dubai’s property market continues to show signs of recovery ahead of world Expo 2020, with sales volume the highest in pricey central neighborhoods around the iconic Burj Khalifa building, according to a government release on Monday. The Dubai Land …
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Dubai property deals reached Dh204b in nine months
(MENAFN) In the first nine months of the current year, Dubai property transactions totaled of Dh204 billion through 52,170 transactions, according to the Dubai Land Department (DLD) data released on Monday. This compares to Dh259 billion worth of property …
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Dubai Real Estate Demand High as Expo 2020 nears [Infographic]
Total real estate transactions in Dubai for the first nine months of 2017 hits AED 204 billion (approximately $55.5 billion) According to Dubai Land Department (DLD), the total value of real estate transactions for the first nine months of 2017 reached …
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Dubai real estate trade value tops $55bn
Dubai Land Department (DLD) has announced that the total value of real estate transactions for the first nine months surged to hit Dh204 billion ($55.5 billion). It was achieved through 52,170 transactions. According to DLD report, there were a total of …
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$8 Billion Invested In Dubai Real Estate From Pakistan, NAB Now Trailing The Investors
National Assembly’s Standing Committee on Finance sub-committee has recently instructed National Accountability Bureau (NAB) to probe an investment of $8 billion made by Pakistanis in Dubai real estate. NAB has also been directed to get information from …
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Arab woman arrested for cheating property buyers in Dubai
The Dubai Police arrested an Arab woman who was wanted for duping four property buyers by claiming to be engaged in real estate investments. The woman used different names to conceal her identity and swindle innocent investors. Major General Khalil Ibrahim …
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Emaar chairman expects special dividend pay out from real estate listing by Jan
Emaar Properties Chairman Mohammad Al Abbar said on Tuesday he expects to issue a special dividend in January from the proceeds of the partial listing of the Dubai property developer’s real estate unit. Emaar announced this week it would list up to 20 …
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