Sharjah: In the old Rolla area of Sharjah … especially for expats longing for some culture and news from back home. Equally nostalgic are the decades-old shops — bare-bones, tiny, and draped with magazines and newspapers. Shopkeepers said readership …
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Strong demand at Cityscape seals UAE’s allure as real estate leader
Dubai – The recent Cityscape Global Dubai, one of the highlights of the UAE property calendar, saw a record number of visitors and received a unanimous vote of approval for well-conceived projects from Dubai, Abu Dhabi and other emirates. About 300 …
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Over 200 global health leaders to convene in Abu Dhabi soon
Abu Dhabi: More than 200 global health leaders will convene in Abu Dhabi on November 15 for the “Reaching the Last Mile — Mobilising Together to Eliminate Infectious Disease” forum. The event will be held under the patronage of His Highness Shaikh …
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Sharjah Police reunite elderly woman with her family
Sharjah: A 75-year-old woman who lost her way to her son’s house in Al Ramtha area in Sharjah was reunited with her family by Sharjah Police. The incident came to light when an Emirati woman found the elderly Arab woman wandering alone on the streets …
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Dubai’s GEMS Education planning over $1 bln loan ahead of IPO -sources
DUBAI, Oct 1 (Reuters) – GEMS Education, an international education firm headquartered in Dubai, plans to raise a loan of over $1 billion to refinance some existing debt before a planned initial public offer of shares in London, sources familiar with the …
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Dubai’s Mashreq to cut size of branches as it shifts towards digital banking
Dubai’s Mashreq Bank, the emirate’s third-largest lender by assets, plans to halve the size, not the number, of its branches over the next three years as it shifts its focus towards digital banking services, its CEO told Reuters on Sunday. The …
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Resolving bank fraud a lengthy process for UAE customers
SuzIf you fall victim to credit card or bank account fraud, it can take several months for the bank and card issuer to investigate. And, as two victims who wrote into The National found, you have to foot the bill, however large, until that investigation is …
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Abu Dhabi’s Aldar awards $203m contract for The Bridges
Abu Dhabi’s Aldar Properties has announced the awarding of a Dhs745m ($202.8m) contract to Construction Group Contracting House for its mid-market The Bridges residential development on Reem Island. The contract covers the construction of six apartment …
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UAE’s multi-millionaire population reaches 55,700, says new report
The 2017 World Wealth Report released on Thursday by business consultancy Capgemini, showed that about 400 people joined the ranks of the UAE’s wealthy between 2015 and 2016. The HNWI bracket covers individuals with $US1 million (Dh3.6 million …
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Dubai ranked as one of the best cities for driving
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Sotheby’s Dubai to host first ever auction in November
The valuations will take place in Sotheby’s Dubai office space at Level 1, Gate Village Building 3, DIFC every Tuesday from 1-5pm, starting October 24. Subscribe to Arabian Business’ newsletter to receive the latest breaking news and business stories in …
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Islamic banks and Takaful sectors likely to witness more mergers
Dubai: The high-profile merger of National Bank of Abu Dhabi (NBAD) and First Gulf Bank (FGB) in the UAE last year had triggered a number of unconfirmed reports of impending bank mergers across the GCC, however, most of these reports were eventually denied …
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Dubai’s Mashreq to cut branches as it shifts towards digital banking
Dubai’s Mashreq Bank, the emirate’s third largest lender by assets, plans to halve the number of its branches over the next three years as it shifts its focus towards digital banking services, its CEO told Reuters on Sunday. The downsizing will …
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National Bank of Fujairah Increases UAE Presence With the Opening of a New Branch in Al Ras
National Bank of Fujairah (NBF) PJSC is pleased to announce the opening of its new branch at the heart of Dubai’s historic Gold Souk in Al Ras. The expansion comes in line with NBF’s strategy to strengthen its nationwide presence, and ensure that its …
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Strong banking sector to support credit growth
Dubai: Kuwait’s banking sector is well regulated and has remained sound and credit conditions favorable amid challenging economic conditions. In the first half of 2017, credit to the private sector recorded healthy average growth, after taking a hit in …
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UAE economy manages soft landing with improvements in public finance
Reflecting uneven progress among Dubai GREs, the stabilisation is however accompanied by a concurrent shift toward less transparent domestic sovereign borrowing from majority Dubai government-owned Emirates NBD bank.
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DubaiGÇÖs Mashreq to cut branches as it shifts towards digital banking – CEO
DUBAI, Oct 1 (Reuters) – Dubais Mashreq Bank, the emirates third largest lender by assets, plans to halve the number of its branches over the next three years as it shifts its focus towards digital banking services, its CEO told Reuters on Sunday.
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