Houthi attack jeopardises the UAE’s reputation as a haven for tourism and trade and pushes it towards caution with Iran.
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Oil hits 2014 high after drone strike on UAE
Overall, oil prices climbed more than 10% since the start of the year, hitting levels not seen since 2014. Three fuel trucks exploded and a fire broke out near storage facilities of oil firm ADNO on …
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UAE unveils new programme to fund renewable energy projects in Africa
The UAE is leading a programme to finance renewable energy projects in Africa to help countries on the continent meet their green energy needs and accelerate their economic development. The “Etihad 7” …
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Africa Finance Corp. Secures New Funders from South Korea, Dubai
Africa Finance Corp., which focuses on infrastructure across the continent, raised $400 million in a syndicated loan to bolster its balance sheet as the region seeks to recover from the coronavirus …
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Bagbin returns to UAE for medical review
Speaker of Parliament, Alban Bagbin, has returned to the United Arab Emirates for medical review. In a letter informing President Akufo-Addo about his trip, Mr Bagbin explained that his appointment …
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Dubai’s Department of Economy and Tourism, HSBC Middle East sign MoU to enhance Dubai’s position as global liveability hub
DET and HSBC will promote to HSBC customers and employees Dubai’s quality of life and its role as a global investment hub. Dubai’s Department of Economy and Tourism, HSBC Middle East sign MoU to …
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UK, UAE together to tackle shared global challenges: UK Home Office
ABU DHABI, 17th JANUARY, 2022 (WAM) — “The UK is committed to working closely with the UAE to tackle the shared global challenges we face,” according to the UK Home Office. A recent agreement between …
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UAE – DFSA grants ABK DIFC Branch Category 1 banking licence
The DIFC is home to major global financial institutions and boasts a worldwide reputation as an international financial centre with an excellent leg …
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UAE – Sebi approves DIFC firm as foreign portfolio investor
Buimerc Corporation was founded by Siddharth Balachandran, an Indian entrepreneur based in Dubai, and is the operating holding company of several fu …
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UAE says it “reserves right to respond” to Houthi militia attack in Abu Dhabi
The UAE added that those responsible for the targeting of its civilian facilities on Monday will be held accountable …
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Saudi Minister in UAE Says Not Place to Comment on Oil Market
Saudi Arabia’s energy minister declined to comment on oil prices during a visit to the United Arab Emirates. Most Read from BloombergOne of the World’s Wealthiest Oil Exporters Is Becoming …
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Banks invited to pitch for IPO of Dubai road-toll operator Salik -sources
Dubai’s Road and Transport Authority (RTA) sent a request to banks to pitch for top roles in the upcoming initial public offering of road-toll operator Salik, two sources told Reuters.
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Central Bank Guidance to UAE Financial Institutions Banking Cash-Intensive Businesses
The Central Bank of the UAE (“CBUAE”) has issued new guidance (the “Guidance”) to UAE financial institutions providing services to cash-intensive businesses. The s …
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Iran-Backed Houthis Claim Drone Strikes on UAE, Three Die
Most Read from BloombergOne of the World’s Wealthiest Oil Exporters Is Becoming UnlivableDjokovic Loses Shot at Tennis History as Australia Deports StarChina Cuts Interest Rate as Growth Risks Worsen …
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UAE: Sheikh Mohammed honours winners of $3 million Zayed Sustainability Prize
Vice President reaffirms the prize remains at forefront of UAE’s sustainability efforts Sheikh Mohammed bin Rashid Al Maktoum (centre front) honouring winners of Zayed Sustainability Prize at Expo …
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UAE Says Blasts in Abu Dhabi Possibly Caused by Drone Strike
Most Read from BloombergDjokovic Loses Shot at Tennis History as Australia Deports StarOne of the World’s Wealthiest Oil Exporters Is Becoming UnlivableChina Cuts Interest Rate as Growth Risks Worsen …
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DFSA grants ABK DIFC Branch Category 1 banking licence
Al Ahli Bank of Kuwait (ABK)-DIFC announced today that it has been awarded a ‘Category 1 Banking Licence’ by the Dubai Financial Services Authority (DFSA). The licence upgrade allows ABK-DIFC to …
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