(John Kemp is a Reuters market analyst. The views expressed are his own) LONDON- Hedge funds liquidated more of their bullish petroleum positions as concerns about the health of the global economy and …
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Dubai Government and UAE Bank Unveil Blockchain-Based Mortgage Platform
The Dubai Land Department (DLD), the real estate arm of the Executive Council of Dubai, has partnered with UAE-based Mashreq Bank to release a blockchain-based mortgage platform, according to a …
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UAE property market needs new financing rules
While Dubai already has a handful of REITs … Launched in 2017, the SRC partnered with several financial institutions to provide long-term (15-20 years) mortgage solutions to home buyers. …
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Family of Quebec man accused of fraud in Dubai makes last-ditch plea for Trudeau’s help
The family of a Quebec man imprisoned in Oman is asking the Canadian government to help repatriate him before he is extradited to the United Arab Emirates on fraud charges. (HO-Detained in Dubai/THE …
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More than half of UAE residents believe their devices are spying on them
“While 85 per cent of people [in the UAE] own a smartphone, 55 per cent believe the technology is spying on them,” YouGov said. Similarly, when it comes to a computer or laptop with a webcam, 57 per …
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UAE reveals prices for long-term residency visas
The UAE announced the longer-term residency visas last year to “facilitate business and create an attractive and encouraging investment environment” in the country. It has already started …
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UAE to slash or waive fees for 1,500 business services
The UAE Cabinet on Tuesday said it would further waive or reduce fees levied on businesses for government services, as part of a strategy to attract more foreign investment. “[The cabinet] adopts a …
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New Swiss hedge fund manager Stouff Capital partners with REYL Group
Before launching his own hedge fund, Julien Stouff was responsible for trading strategy … and the rest of the world (Singapore and Dubai). The REYL Group (including minority affiliates) manages …
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UAE Exchange’s Emiratisation initiative lauded by Ministry of Human Resources and Emiratisation
Dubai: UAE Exchange, a renowned financial services brand in the United Arab Emirates, received an appreciation award from the Ministry of Human Resources and Emiratisation for their commitment and …
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Dubai retail giant inks Carrefour solar power deal in Jordan
Dubai-based retail giant Majid Al Futtaim has signed an agreement with Yellow Door Energy to bring solar power to Carrefour stores in Jordan. The 17-megawatt build-own-operate-transfer (BOOT) wheeling …
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Careem acquires Abu Dhabi bike-sharing firm Cyacle
Cyacle, which began operations in 2014 with backing from the Khalifa Fund for Enterprise Development, has 50 bike-share stations in Abu Dhabi. The financial terms of the deal were not disclosed. “Many …
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UAE Property Prices to Continue Softening in 2019
In Dubai, while demand had eased in 2018, prices falls are more due to the considerable level of supply which has been delivered in 2018 and that which is expected to be delivered in 2019. While the …
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Abu Dhabi royal set to buy Newcastle United – report
Staveley, whose company was instrumental in the deal that saw Abu Dhabi’s Sheikh Mansour buy Manchester City, had brought together potential investors from around the globe – believed to be from the …
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The Latest: Dubai newspaper criticizes Iran’s top diplomat
30 a.m. A Dubai-based, government-aligned newspaper has published a rare front-page editorial criticizing Iran’s foreign minister amid tensions between Tehran and Washington. The Gulf News editorial …
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Top 10 Best Luxury Beach Hotels In Abu Dhabi
We have reviewed the best beach hotels in Abu Dhabi UAE. Those with the best pools and slides, beach clubs, whether you are travelling as a couple, a family with kids or as a single business traveller …
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Making artificial intelligence real for businesses in the UAE
Arriving home after a long day, the temperature in the room is set at a perfect 22 degrees; just how you like it. Turn on the TV and your new favourite show has been picked out for you. As you go to …
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Guidepoint Expands Presence To Middle East And Opens Office In Dubai
NEW YORK, May 28, 2019 /CNW/ — Guidepoint, a leading New York-based expert network, expanded its international footprint to a brand-new market in the Middle East by establishing a presence in Dubai, …
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