Google unveils first 5G-enabled phones, cuts price on base Pixel model HSBC says net profit plunged 96 percent as coronavirus pandemic took hold Ottomans in Arab World: Nothing but a name, a few …
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Dubai records 190 FDI deals worth Dh12 billion
Foreign direct investments (FDI) continued to flow into Dubai as the number of announced FDI projects reached 190 in the first half of 2020, attracting an estimated capital of Dh12 billion, reflecting …
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Dubai Investments reports 42% drop in half yearly profits
Dubai Investments has reported a 42 percent drop in net profit for first six months of the year, compared to H1 2019, blamed largely on the impact of the global coronavirus pandemic and a “one-off …
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UAE investors eyeing up sustainable opportunities
Affluent and high net worth individuals (HNWI) in the UAE are showing an increasing appetite towards sustainable investments, as they look to capitalise on green opportunities, according to the latest …
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UAE stock markets are yet to see a global liquidity rush
Awaiting a proper liftoff… UAE stock markets remain stuck in a narrow range. A rush of global fund inflows could be the solution. Image Credit: Gulf News Archive The UAE stock market indices, DFM …
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How a rising German FinTech star crumbled
The company had previously been lauded as a European FinTech star and was the newest member of the Dax 30 – the index of the biggest German companies listed on the Frankfurt Stock Exchange – with its …
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Ski Dubai, Dubai Sports Council to host first snow sports competition following COVID-19 closures
The inaugural event will be one of the first snow sports competition in the world to be held with social distancing measures in place …
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Dubai Courier App Raises Funds for Saudi Arabia Expansion
Fetchr secured at least $15 million in fresh funding to expand in Saudi Arabia as part of a turnaround plan that saved the Dubai-based courier app from collapse.
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Dubai Electricity and Water Authority cuts paper usage by 100% in bank guarantee transactions
Dubai: The (Dewa) announced that it has cut paper use by 100 per cent in all its bank guarantee related transactions, reducing time required to process such transactions by 80 per cent. Dewa, one of …
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Lost job in UAE and stuck in home country? Here’s how to get your settlement
Pursuant to your queries, we assume that you were employed by a company based in the mainland of UAE and therefore, the provisions of Federal Law No. (8) of 1980 Regulating Employment Relations in the …
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Hong Kong’s mom-and-pop investors squeeze funds as IPOs sizzle
Under IPO rules in Hong Kong a deluge of orders from retail investors reduces the portion that fund managers can buy …
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Ski Dubai in collaboration with Dubai Sports Council to host one of the world’s first snow sports competition following COVID-19 closures
The inaugural event will be one of the first snow sports competition in the world to be held with social distancing measures in place …
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UAE launches start-up operations at first nuclear power plant
The United Arab Emirates has begun start-up operations in the initial unit of its first nuclear power plant, the Emirates Nuclear Energy Corporation (ENEC) said on Saturday. The Barakah nuclear power …
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Impairments and margin squeeze hurt first half profits of UAE banks
UAE banks in the first half of 2020. In addition, a sharp contraction in interest margins resulting from low interest environment too have hurt the profitability of banks. Despite the reopening of the …
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Video: UAE leaders celebrate Eid Al Adha with Mars Hope probe mission team
The UAE’s leaders celebrated the first day of Eid Al Adha with the Emirates Mars Mission team on Friday. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the …
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Dubai Bank Can’t Offset Costs Order In $430M Debt Suit
Dubai Islamic Bank PJSC cannot offset money it owes after losing a jurisdictional challenge against a jailed British expat’s lawsuit seeking to fight a $430 million fraud judgment, a London judge …
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HashCash Collabs with UAE Retailer to Enable Low-Touch Shopping Experience
As industries gradually shift towards automation to minimize the manual way of doing things, HashCash is helping UAE based leading retailer to reform their present operational and business set-up …
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