First Abu Dhabi Bank (FAB), the largest bank in the United Arab Emirates, on Monday reported a 3.5 percent profit fall in 2017, citing costs linked to its recent merger. FAB, the combination of National Bank of Abu Dhabi and First Gulf Bank, said its full …
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Dubai’s Emirates NBD in talks to buy stake in Turkish lender
Emirates NBD, Dubai’s largest bank, said on Tuesday it had started initial strategic discussions with Russia’s Sberbank about a possible purchase of Sberbank’s stake in Turkey’s Denizbank. Emirates NBD has previously acquired BNP Paribas’ Eygptian banking …
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Dubai’s Emirates NBD in talks to buy Turkey’s Denizbank
Emirates NBD, Dubai’s largest bank, said on Tuesday it had started initial strategic discussions with Russia’s Sberbank about a possible purchase of Sberbank’s stake in Turkey’s Denizbank. Emirates NBD has previously acquired BNP Paribas …
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First Abu Dhabi Bank profits dip 3.5% in ‘soft market’
First Abu Dhabi Bank (FAB), the UAE’s largest bank, on Monday announced that net profit for 2017 dropped 3.5 per cent to Dh10.92 billion as compared to Dh11.52 billion in the previous year. The group’s revenue also declined four per cent year on year to …
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Dubai Islamic Bank : plans to raise Dh1.64b via rights issue
Dubai: Dubai Islamic Bank (DIB) has said it is seeking shareholder approval for a plan to raise Dh1.647 billion on the Dubai Finacial Market by issuing additional shares. Shareholders will have a right to buy one share for every three shares held and will …
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Iranians’ banking problem in China settled
He went on to say that Central Bank of Iran is finding a market instead of United Arab Emirates (UAE) for banking and monetary exchanges in the Persian Gulf region. Reopening Iranian accounts in China is the result of intensive and tough negotiations made …
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Dubai Financial Market : welcomes the listing of Bahrain’s Ithmaar Holding
Dubai Financial Market (DFM) announced on Monday the listing of Bahrain’s Ithmaar Holding B.S.C. (Ithmaar), one of the leading investment institutions in the Kingdom of Bahrain, as trading commenced on the bank’s shares under the trading symbol (ITHMR …
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Dubai introduces innovation fee for government transactions
Dubai: A Dh10 fee, known as the Innovation Dirham fee, will be charged by Dubai government agencies, to support educational and cultural projects in the emirate. According to law No. 2 of 2018 issued by His Highness Shaikh Mohammad Bin Rashid Al Maktoum …
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Accidents bring heavy delays to Dubai roads
Dubai: Motorists on Tuesday faced heavy delays on their morning commute after a series of traffic accidents clogged some of Dubai’s major roads. Two accident were reported on Emirates Road; the first accident happened before the Maliha Road intersection …
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Dubai hosts Arab Health2018
Dubai, Jan. 30 (BNA): HH Shaikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai, UAE Minister of Finance, and President of the Dubai Health Authority, DHA, has opened the Arab Health2018, the largest gathering of healthcare and trade professionals in …
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The First Group Signs Landmark Deal to Bring World’s First ‘MasterChef the TV Experience’ Restaurant to Dubai
DUBAI, United Arab Emirates–(BUSINESS WIRE)–Dubai-based property developer and fast-growing F&B specialist The First Group has signed a landmark deal with global content powerhouse Endemol Shine Group to bring the world’s first MasterChef the TV …
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Dubai’s Danube says $233m homes sold during 2017
Danube Properties, a Dubai-based property developer, has revealed that it sold new homes worth AED820 million ($233 million) in 2017. This translates to a daily average sale of AED3.10 million and reflects the developer’s ability to sell homes despite …
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Danube Properties Sales Revenue Reaches Dh820 Million in 2017
Danube Properties, a major Dubai-based property developer, has sold new homes worth Dh820 million (US$233 million) in 2017. This translates to a daily average sale of Dh3.10 million per working day throughout the year and reflects the developer’s ability …
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Emerging communities offer Dubai’s best rental yields
Despite the continued decline in property sales prices across most Dubai communities, rental yields are still attractive for investors. Jumeirah Village Triangle (JVT) claims the highest rental yield for apartments in Dubai at 9.2 per cent, in spite of …
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Dubai to launch world’s first ‘MasterChef’ restaurant
Dubai-based property developer and fast-growing F&B specialist The First Group has signed a landmark deal with global content powerhouse Endemol Shine Group to bring the world’s first MasterChef the TV Experience restaurant to Dubai. Based on the hugely …
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Dubai real estate development sector: Survival of the fittest
UAE. Typically, the emergence of a new technology or opening of a new market results in the rapid increase in prices or valuations. This causes a flurry of new players, dominated by the private sector, entering the market in order to capitalize on the …
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Dubai Unveils Dazzling New Attractions
The newest five-star hotel to join Dubai’s luxury hotel scene is the world’s fifth Bulgari Hotels and Resorts property, and it’s now open at the exclusive seahorse-shaped Jumeirah Bay Island, just off the coast of Jumeirah Beach Road. Bringing …
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