We recently learned that the Dubai Investment Fund (DIF), has expanded its operations to New Zealand, the Czech Republic and Cyprus. The company will expand its presence in these countries by …
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UAE approves Federal General Budget 2023-2026 with total estimated expenditures of AED 252.3bln
The Federal Budget is an essential pillar in the UAE’s development process, and the directives of our wise leadership help us achieve our development and social requirements for the coming years …
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UAE president to meet Putin in Russia, a week after OPEC+’s deep output cuts
The president of the United Arab Emirates, Sheikh Mohamed bin Zayed al-Nahyan, will head to Russia on Tuesday to meet his counterpart Vladimir Putin.
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UAE cabinet approves federal budget for 2023-2026
The UAE issued $4 billion in debut federal bonds in October last year, not long after Sheikh Maktoum bin Mohammed bin Rashid, son of the prime minister, took over the finance ministry portfolio. Just …
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Surplus budget to propel UAE growth, social sector development
The UAE surplus budget will propel economic growth and gives more room to the government to spend more on social sector development, experts say.Analysts, economists and industry experts said Dh3.4 …
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UAE banking is turning digital, and Dubai’s GII wants to have a big say in it
GII’s will convert Anglo-Gulf Trade Bank into digital bank This is the year digital banking in the UAE has come of age, with multiple launches and transformations. GII wants to be part of the move.
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UAE’s EDB processed $13.6mln startup loans in one month via new scheme – CEO
Emirates Development Bank (EDB) processed AED 50 million ($13.6 million) in loans through its digital banking app in one month after it launched a new scheme to approve loan applications for startups …
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Dubai records over AED1.6 billion in realty transactions Monday
Dubai real estate market recorded 445 sales transactions worth AED1.18 billion, in addition to 68 mortgage deals of AED445.38 million, and 37 gifts deals amounting to AED61.34 million on Monday, data …
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UAE cabinet approves $68.6bn federal budget for 2023-2026
The UAE cabinet, under the chairmanship of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, has approved the federal budget 2023-2026 with a total estimated …
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Al Hilal Bank’s digital innovation transforms the UAE consumer banking landscape
Al Hilal Bank took a major step in the transformation of the UAE consumer banking landscape on 2/2/2022 through its relaunch as a fully digital bank.
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Dubai at forefront of accelerating growth and innovation: Maktoum
Sheikh Maktoum Bin Mohammed Bin Rashid Al Maktoum, Deputy Ruler of Dubai, and Deputy Prime Minister and Minister of Finance of the UAE, on Monday officially opened Gitex Global 2022, the world’s …
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Flying car X2 makes history with first public test flight in Dubai
The strategy also focuses on enhancing Dubai’s business environment to become a driver of economic growth focused on multinational companies as well as to encourage and support these companies to be …
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UAE Cabinet approves $68.7bln federal budget for 2023-26
A budget for the year 2023 has been allocated, with total estimated expenses of 63.066 billion UAE dirhams The UAE cabinet meeting approved on Monday the Federal General Budget for 2023-2026, with a …
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Dubai: Flying cars, self-driving taxis, futuristic transport, talking robots take centre stage on Gitex Day 1
Flying cars, futuristic vehicles, interactive robots and innovative solutions to common problems marked the first day of the technology exhibition Gitex. I..
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Important real estate terms UAE property investors should know before buying
Dubai property prices, particularly in prime areas … Tenure is the number of years to repay your mortgage, says Mohamad Kaswani, managing director of Mortgage Finder. The standard tenure is 25 years …
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Commercial Bank of Dubai, Enoc Group launch of CBD Yes Rewards Credit Card
Commercial Bank of Dubai, a leading bank in the UAE and Enoc Group, leading integrated global oil and gas player operating across the energy sector value chain, announced their partnership to launch a …
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OneConnect unveils OneConnect Smart Technology in the UAE
OneConnect Financial Technology Co., Ltd (“OneConnect” or the “Company”, Stock Code: 6638.HK), a leading Technology-as-a-Service (“TaaS”) provider, today unveiled OneConnect Smart Technology (ME) …
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