Dubai: The 36th Gitex technology Week, the largest ICT exhibition in the Middle East, Africa and South Asia, opened doors to trade and businesses on Sunday. The five-day event, which was inaugurated by Shaikh Hamdan Bin Mohammad Bin Rashid Al Maktoum …
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Dubai business activity picks up pace in the third quarter on tourism growth
Private-sector activity in Dubai dipped slightly last month, but the emirate’s overall non-oil economic growth in the third quarter advanced at the fastest rate since the first quarter as tourism and travel bookings grew. The UAE purchasing managers …
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Dubai Culture launches ‘Reading Box’ initiative for national Month of Reading
Dubai Culture & Arts Authority (Dubai Culture), the Emirate’s dedicated entity for culture, arts and heritage, announced the launch of its ‘Reading Box’ initiative that hold its first event at The Dubai Mall. This interactive public initiative will run …
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DED launches centre to spur Dubai’s Islamic economy capital initiative
Dubai’s Department of Economic Development on Monday launched a business excellence centre that seeks to expand Islamic economic activities beyond Islamic finance. The ‘Global Islamic Business Excellence Centre’ (Gibec) will contribute to the development …
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Dubai begins building ‘world’s tallest’ tower
DUBAI, United Arab Emirates (AFP) — Dubai began construction work Monday on a tower that will stand higher than its Burj Khalifa, which is currently the world’s tallest skyscraper. The Gulf emirate’s ruler, Sheikh Mohammed bin Rashid al-Maktoum …
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Dubai kicks off blockchain banking services
Emirates NBD became the first lender in the UAE to launch a pilot blockchain network for services, including international remittances and open account trade finance. Shaikh Ahmed bin Saeed Al Maktoum, Chairman of Emirates NBD, the UAE’s largest bank …
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UAE to set up the world’s first Sharia-compliant trade bank
The UAE is to establish the world’s first Sharia-compliant trade bank to bolster its ambition to be the centre of the Islamic economic world. The Dubai Islamic Economy Development Centre (DIEDC), under the new chairmanship of Sultan bin Saeed Al Mansouri …
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Establishment of Emirates trade bank in Dubai
The Dubai Islamic Economy Development Centre (DIEDC) is supportive of the initiative from the Department of Economic Development (DED) in Dubai to launch Emirates Trade Bank. His Highness, Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of …
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Dubai bank Emirates NBD joins India’s ICICI on blockchain project
The technology will be used for global remittances and trade finance Dubai’s largest bank, Emirates NBD, is working with India’s ICICI on a pilot project to use blockchain technology for global remittances and trade finance, in what they say is a first …
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Dubai Bank directors protest delayed hearing
Dubai Bank Directors accused of money laundering are accusing the prosecution for delaying the hearing of their case. Three former managers of the collapsed bank, Abdul Hafedh Zubeidi, Ali iBashir Sheikh and Professor Wilson Hassan Nandwa argue that the …
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Dubai's Emirates NBD joins India's ICICI Bank on blockchain project
DUBAI (Reuters) – Dubai’s largest bank, Emirates NBD , is working with India’s ICICI on a pilot project to use blockchain technology for global remittances and trade finance, in what they say is a first for banks from the Middle East and India. The project …
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Major banks from India and Dubai complete blockchain trade finance and remittance transactions
India’s largest private bank, ICICI, and one of the middle east’s largest banks, Emirates NBD, recently announced successful international blockchain transactions for both Trade Finance and Remittance purposes. International Trade Finance allows …
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Dubai bank directors complain delay in their case
A Nairobi court has reluctantly granted the prosecution last adjournment in the case where Dubai Bank Directors are accused of money laundering worth over Sh 48 million. Chief Magistrate Daniel Ogembo on Tuesday said the defense have never opposed any …
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UAE opens Boston consulate to strengthen bilateral ties in New England
Boston: The United Arab Emirates (UAE) opened a Consulate General in Boston, Massachusetts, the country’s third consulate in the USA. At an event held on Thursday, 13th October, to celebrate the opening of the consulate, UAE Consul-General Salem Al …
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Law on emirate's cultural heritage applauded
He also expected many components of the UAE national heritage would soon be recognised as World Heritage by UNESCO, according to UAE News Agency (WAM). I.Y BNA 0622 GMT 2016/10/16
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Be careful when buying goods
Dubai: At the recently concluded Emirates Intellectual Property Association (EIPA … an auto expert told Gulf News. In most cases, motorists chose poor quality parts for their affordability, but according to Gordon Ferguson, General Manager at AAA …
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UAE consumers increasingly interested in buying property
Consumers in the UAE appear to agree with the current real estate market sentiment that now is good time to buy property, according to statistics from compareit4me.com, the Middle East’s leading finance comparison site. Using data from its mortgage …
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