Pharos upgraded its fair value evaluation (FV) of Abu Dhabi Islamic Bank (ADIB) to EGP 29 per share, according to a recent report issued by Beltone Financial. The upgrade reflects the current valuation of the bank excluding any plans for a rights issue …
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Top 20 salaries in the UAE 2018
For example, the UAE average was 26.74per cent lower than the previous year. This year, the UAE was found to be the second best paying country among the five Gulf Cooperation Council states covered with an average monthly salary of $8,315. This was 2.9 per …
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UAE telecom authority responds to suicide game
and confirmed that it does not exist on online platforms in the UAE. The announcement comes a couple of days after Gulf News reported the death of two Filipino students, aged 15 and 16, in an apparent case of suicide. Sources close to the students are …
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OMV, Abu Dhabi Set to Sign Oil Deal in Move on Global Expansion
OMV AG and its state-owned partner in Abu Dhabi are set to sign a $1.5 billion oil exploration agreement today in what could be the first major step for a joint global expansion in oil production and refining. Austria’s Chancellor Sebastian Kurz and Abu …
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Dubai to deploy cutting-edge devices in health care
Dr Mohammad Al Reda, director at the executive office for Organisational Transformation that is directly managing the innovative projects, told Gulf News that disruptive technology is available everywhere in the world today. In Dubai, the combined staff …
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Business Confidence in Dubai Continues to Rise, Survey
Plans are underway to increase investment and upgrade technology Recent Dubai Government initiatives to boost investment and cut costs will underpin further improvements in Dubai’s economy The latest business confidence survey conducted by the Department …
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New Dubai tunnel set to open on May 3
easing traffic moving into and heading out of Karama and Bur Dubai. It forms part of the Shindagha Corridor, a major infrastructure upgrade starting from Wafi Interchange and stretching all the way to Al Mamzar. — Gulf news. “The project is located at …
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UAE temperature seen rising up to 41°C on Saturday
Dubai: A hazy and partly-cloudy Saturday has been predicted by weathermen. The National Centre of Meteorology (NCM) has predicted clouds over the easter areas that may be convective at times — ‘convection clouds’ are ones that form and grow as the air …
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How urban efficiency can help create the UAE of the future
According to Business Monitor International, power demand is expected to increase throughout the UAE between 2012 and 2021, with projected consumption growth of 5.6 per cent. Considering the economic and environmental fluidity, the UAE should aim to keep …
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Redundancies and restructures in the UAE
Redundancy dismissals within the UAE are particularly challenging decisions to take … into redundancy procedures are transferring staff into different roles within the business, moving staff around their regional or global offices where capacity is …
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UAE contributes $50m to UNRWA
Occupied Jerusalem: United Nations Relief and Works Agency (UNRWA) has welcomed the $50 million (Dh183 million) contribution announced upon the directives of the President of the UAE, His Highness Shaikh Khalifa Bin Zayed Al Nahyan The move comes as UNRWA …
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Blue Whale game link to two Dubai suicides?
Police said both students talked about committing suicide on their social media accounts. A Dubai Police official told Gulf News: “Both students are from the same school but are not related. The girl hanged herself inside her room and the boy plunged to …
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Abu Dhabi affordable homes more than double in four years
The supply of affordable homes in Abu Dhabi has more than doubled over the past four years as demand has soared, according to a new study. Colliers International’s report – first issued in 2014 – said the UAE capital has witnessed significant regulatory …
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Shah Rukh Khan has a golden message for his UAE fans
In a voice note (top) sent to Gulf News tabloid!, the 52-year-old actor … I keep that always with me,” said Khan. The Dilwale star was in Dubai on Thursday afternoon for a whirlwind visit where he launched a new Kalyan Jewellers store in Meena Bazaar …
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Deal signed to develop two new MGallery hotels in Dubai
… with Khamas Group of Investments for the opening of two upper upscale lifestyle properties in Dubai – MGallery Dubai Business Bay and MGallery Bur Dubai. Bader Mohamed Yousuf Bukhamas, chairman of Khamas Group of Investment Companies said: “We are …
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Abu Dhabi fund finances Dh550m solar power plant in Jordan
Abu Dhabi: A delegation from the Abu Dhabi Fund for Development (ADFD), the leading national entity for development aid, attended the official commissioning of the Dh550-million Quweira Solar Power Plant funded by it in Jordan. Located in the southern part …
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UAE’s first Italian library opens
Dubai: The UAE’s first Italian library has just opened in Dubai and is bringing titles of well-known Italian authors and illustrators all under one roof. The library was opened by the Consul-General of Italy in Dubai and Northern Emirates, Valentina …
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