Of the 19 banks, seven banks listed on the Dubai Financial Market made net profits of AED 4.7 billion during Q1 2018, a growth of 27 per cent from 3.7 billion, during the same period last year and 12 banks listed on the capital’s bourse booked AED 6.00 …
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Dubai tops global real estate with 8pc rental returns
Dubai currently leads the global real estate sector in terms of investment locations among the major cities, with returns averaging 7-8 per cent per annum, compared to the best performing cities in the world, according to a report by Private Finance …
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Dubai index surges nearly 2%, Tadawul leads gains
The Dubai Financial Market General Index closed 1.89 per cent higher at 2,964.13. Dubai Islamic Bank closed 5.85 per cent higher to Dh5.07. Emaar Properties closed 2.16 per cent higher to Dh5.20. Emaar Development closed nearly 1 per cent lower to Dh5.30.
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Did the UAE have a chance at making the World Cup and blew it?
So why has the UAE not had that much success? Is it due to a lack of financial commitment to the team’s development? This lack of success could be due to several factors that can be mitigated with the right investments. World-famous Egyptian player …
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Iconic projects taking distinctive shapes in Dubai
Dubai: Two major projects in Dubai, the Museum of the Future and Mohammad Bin Rashid Library, are progressing fast, with their distinctive shapes now becoming obvious. The Museum of the Future, coming up in front of Emirates Towers on Shaikh Zayed Road, is …
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Dubai’s Museum of the Future seeks new technologies with accelerator programme
Dubai’s upcoming Museum of the Future has launched a new scheme designed to catch the eye of technology companies offering futuristic solutions for visitor experiences. The accelerator programme will see 15 companies flown to Dubai to demonstrate …
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Sharjah to launch summer festival
Sharjah: A summer festival will be launched for the first time in Sharjah on July 10, and will last for two months. Khalid Jasem Al Midfa, chairman of the Sharjah Commerce and Tourism Development Authority (SCTDA), announced that the first edition of the …
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UAE jails activist for 10 years over social media posts, report says
Prominent Emirati activist Ahmed Mansoor has been sentenced to 10 years in jail and fined 1 million UAE dirham ($349,500 Cdn) on charges of criticizing the United Arab Emirates government on social media, Abu Dhabi’s The National newspaper reported late …
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Expat remittances from the UAE up 17% in Q1
Remittances by expats in the UAE, mostly Indian workers, rose over 17% in the first quarter of this year. They remitted AED43.5 billion in the first three months of 2018 compared to AED37.1bn last year, reported Wam news agency based on figures by the …
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UAE’s Pacific Controls in technology tie-up with Qude
RELATED ARTICLES: Dubai’s Pacific Controls in talks over $381m debt | Commvault and Pacific Controls form alliance | NBF Capital raises $272m for Pacific Controls Dubai technology company Pacific Controls and US-based Qube have formed a strategic …
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Countdown Begins for the Blockchain Investment Technology Conference at Atlantis Dubai
DUBAI, United Arab Emirates, May 29, 2018 /PRNewswire/ — It’s four weeks to go for the awaited technology event of 2018: The Blockchain Investment Technology Conference Middle East (BITConME) takes place on 25 June at Atlantis, The Palm Dubai …
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Sharjah Ruler receives journalists
Sharjah – His Highness Dr Shaikh Sultan Bin Mohammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, received on Tuesday journalists from across the UAE. In a lecture at Al Majaz Amphitheatre, Dr Shaikh Sultan spoke about the roots of Arabic …
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Dubai gym fees second highest in the world
DUBAI: A monthly gym membership in Dubai is the second highest in the world, next only to Tokyo, a leading international bank has found. According to reports, the findings by Deutsche Bank are part of its annual “Mapping the world’s prices” survey …
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New scam using fake Dubai hospital targets jobseekers
Dubai: At first blush, and even at second, Maris Hospital ticks all the right boxes: multi-specialty clinics across key locations in Dubai, state-of-the art facilities, glowing patient testimonials, tie-ups with leading insurance providers and a team of …
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Report: Li rejected Milan bid
Both the club and owner are in debt to U.S hedge fund Elliott Management … Today La Repubblica is reporting that Li rejected a €450m bid from Dubai, thought to be Mohamed Al-Falasi, which would have settled the Elliott debt. Yonghong Li, Han Li …
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Fall in Dubai gold price continues today, time to buy?
22k gold in Dubai is priced at Dh147 and buyers can buy 24k for … fell 0.1 percent to 855.28 tonnes on Friday. Hedge funds and money managers cut their net long position in COMEX gold contracts by 21,294 contracts to 31,327 in …
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AI Trader – Cryptocurrency trading powered by Deep Learning and Artificial Intelligence
While hedge fund and cryptocurrency trading is becoming the highly utilized … AI Trader is developed by Middle-East’s largest cryptocurrency miners located in Dubai. They are a team of brilliant developers and researchers who envisioned the future …
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