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Posted on 02/02/2017

ADCB unveils digital age lender uBank

ADCB has become the latest UAE bank to raise its digital game with the launch of its first uBank digital banking centre in Abu Dhabi’s Yas Mall. The uBank centre, unveiled by ADCB yesterday, will enable customers to access key banking services in a …
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Posted on 02/02/2017

UAE’s first honey festival opens in Hatta

Hussain Nasser Lootah, director-general of Dubai Municipality, inaugurated the four-day festival … and also encourage the use of this healthy food product,” he told Gulf News. From live bees and fresh beehives to huge machinery used in honey production …
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Posted on 02/02/2017

UAE bank NBAD offers blockchain payments after tie-up with Ripple

DUBAI Feb 1 National Bank of Abu Dhabi said on Wednesday it had become the first bank in the Middle East and North Africa to introduce real time, cross-border payments on blockchain, becoming the latest lender to experiment with the technology. Through a …
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Posted on 01/02/2017

UAE cybercrime victims struggle to recover lost money

Rabih Dabbousi, senior vice-president of Sales, Marketing and Business Development at Dark Matter, said that finance sector is the most targeted in the UAE. “The exponential adoption of technology increases the UAE’s attack surface which is becoming …
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Posted on 01/02/2017

Shaikh Mohammad stops to watch cycling tour in Dubai

Dubai: His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, took time off on Tuesday to watch the fourth edition of the Dubai Tour. Shaikh Mohammad watched the cyclists as they made their way …
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Posted on 01/02/2017

Dubai Tour: Groenewegen gains ground against Goliath lead-out trains

Dylan Groenewegen claimed (LottoNL-Jumbo) the white jersey as the best young rider on the opening day of the Dubai Tour. After finishing as runner-up to a superior Marcel Kittel (Quick-Step Floors) and his powerful lead-out train, the Dutch national …
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Posted on 01/02/2017

Dubai Islamic Bank mandates banks for potential sukuk sale -sources

DUBAI Feb 1 Dubai Islamic Bank, the largest sharia-compliant bank in the United Arab Emirates, has appointed banks ahead of a potential benchmark-sized U.S. dollar sukuk sale, banking sources familiar with the situation said on Wednesday. The group of …
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Posted on 01/02/2017

In a first, Emirati foreign minister defends Trump visa ban

ABU DHABI, United Arab Emirates — The United Arab Emirates’ top diplomat on Wednesday came out in defence of President Donald Trump’s order temporarily barring citizens from seven Muslim-majority countries from entering the United States. The comments by …
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Posted on 01/02/2017

School bus catches fire in Abu Dhabi

Abu Dhabi: A fire broke out in a school bus this morning, engulfing the vehicle on the outskirts of the capital near Mohammad Bin Zayed City. Official sources told Gulf News that the bus belonged to the British International School Abu Dhabi, a private …
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Posted on 01/02/2017

NBAD tops UAE banks’ fourth-quarter figures

National Bank of Abu Dhabi (NBAD) was the best of a mixed bag of fourth-quarter UAE bank results yesterday, with the overall picture showing a sector that is still coping with a sluggish lending market. NBAD, which is merging with Abu Dhabi lender FGB …
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Posted on 01/02/2017

Dubai Tour: Kittel savours his first win on disc brakes

Kittel is the only rider at the Dubai Tour using disc brakes, and the news has sparked lots of interest from his fellow riders. Other riders had seen photos of Kittel’s bike on Cyclingnews and peppered him questions about disc brakes in the professional …
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Posted on 01/02/2017

How landmark projects impact Dubai real estate value

The influence that an iconic project can have on its locale is often quite dramatic. Apart from becoming a magnet for activity and development, trophy properties or iconic projects have the ability to change the value of nearby real estate. In Dubai …
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Posted on 01/02/2017

Abu Dhabi’s bike share system is expanding

is moving out of its pilot phase and expanding across more locations in Abu Dhabi from early February, one of its founders told Gulf News. “The pilot phase was very successful, so we are increasing the number of stations from 11 to 50, which means more …
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Posted on 01/02/2017

ADCB’s fourth-quarter net profit falls 16%

The Egyptian investment bank EFG-Hermes has forecast that profit at nine UAE banks it covers would fall by 8 per cent year-on-year in the fourth quarter because of a rise in provisions and tighter spreads. It forecast ADCB’s net profit would decline 18 …
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Posted on 01/02/2017

Economic challenges push ADCB profits down 16%

Dubai: Abu Dhabi Commercial Bank (ADCB) reported on Tuesday a 16 per cent year-on-year decline in net profit attributable to equity shareholders that reached Dh4.15 billion in the full-year 2016 from Dh4.9 billion in 2015. The figure puts net profit for …
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Posted on 01/02/2017

Citi Private Bank eyes 15% growth in UAE revenue this year

Dubai: With $374 billion (Dh1.37 trillion) of assets under management globally, Citi Private Bank (CBP) expects a 15 per cent growth in revevues and assets in the UAE this year, even as it eyes investment opportunities in private equity to fund small …
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Posted on 01/02/2017

Emirates NBD launches Green Auto loan with preferential pricing

Emirates NBD, a leading bank in the region, announced today the launch of a Green Auto Loan product in line with its commitment to support the UAE’s transformation into a low-carbon economy, as part of UAE Vision 2021. The Green Auto Loan has been …
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