Dubai: The current slowdown in business is good for the banking sector and UAE banks would emerge strong from these challenges, said Abdul Aziz Al Ghurair, Chairman of UAE Banks Federation (UBF) at the meeting of the CEOs Advisory Council of UBF on Wednesday.
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Man arrested for pulling dangerous stunts in Abu Dhabi
Abu Dhabi: A 19-year-old man has been arrested in Abu Dhabi for pulling dangerous stunts in his vehicle in front of a school during the rain which knocked down one man, the Abu Dhabi Police have announced on Wednesday. The man who was driving a car with no …
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UAE publishes VAT timetable; excise tax roll out in 2017
The UAE Ministry of Finance has launched the first phase of its awareness and education workshops that will prepare businesses for the new tax system that will be introduced by the end of this year, in the case of excise tax, and early next year for value …
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UAE rights activist detained for social media criticism
… A leading human rights advocate in the United Arab Emirates has been detained and is being investigated for cybercrimes that include criticizing the government on social media sites. The state-run WAM news agency reported on Tuesday that the Public …
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Gulf News: Number one in the UAE
Dubai: We seem to be pulling in the decision makers. And by that I don’t mean just the government, policymakers, CEOS, COOs, management professionals, and social leaders. Women are reading us more and more. How do we know this? Through our …
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UAE arrests prominent activist for incitement: state news
DUBAI The United Arab Emirates arrested political activist Ahmed Mansoor on charges of spreading sectarianism and hatred on social media, state news agency WAM reported on Tuesday, in a move criticized by rights groups. Mansoor, an electrical engineer and …
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CABSAT opens with focus on UAE’s space technology
DUBAI: Shaikh Hasher Bin Maktoum Al Maktoum, Director General of Dubai’s Department of Information, opened CABSAT 2017 on Monday morning, an annual event for the broadcast, satellite and entertainment content sectors across the Middle East, Africa and …
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Emirates Global Aluminium plans IPO, banks pitch for role: sources
DUBAI Emirates Global Aluminium (EGA), one of the world’s top five producers, has invited banks to pitch for a role in its planned initial public offering, sources told Reuters. The IPO could take place later this year, on either the Dubai or Abu Dhabi …
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Emirates Global Aluminium plans IPO
The IPO could take place later this year, on either the Dubai or Abu Dhabi stock exchange, but the size of the offering has yet to be determined, the sources said. EGA was created in 2013 when state-owned companies Dubai Aluminium (Dubal) and Abu Dhabi’s …
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Aldar Properties : Abu Dhabi developer Aldar sets sights on Yas and Reem projects
Aldar Properties expects to invest Dh1.9 billion in developing four new projects on Reem Island and Yas Island in Abu Dhabi as part of the company’s plans to boost its recurring revenue. Abu Dhabi’s largest listed property developer said on Monday in a …
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Property market in Dubai stabilises but still declining in Abu Dhabi
The residential real estate market in Dubai is showing signs of having bottomed out with the latest sales and price figures moving into positive territory in February. The Dubai residential property sales price index from ReidIn increased by 0.3 points, an …
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DIFC WPR set for Dubai property show debut
The DIFC Wills & Probate Registry (WPR), a public entity of the Dubai government, is set to take part for the first time in the International Property Show (IPS), which kicks off in Dubai, UAE, next month. The WPR provides legislative certainty that a …
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Warba Bank celebrates listing of its sukuk in Nasdaq Dubai
KUWAIT: Shaheen Al-Ghanem, Chief Executive of Warba Bank, the best investment bank in Kuwait as well as the best corporate advisory, yesterday rang the market-opening bell to celebrate the listing on Nasdaq Dubai of a $250 million Perpetual Tier 1 Basel …
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UAE happiest country in the Arab world
Dubai: The UAE has been ranked the happiest country in the Arab world for the third consecutive year in the UN World Happiness Report 2017. The UAE, which has been ranked 21st globally, is followed by Qatar 35, Saudi Arabia 37, Kuwait 39 and Bahrain 41 …
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Look: Dubai has the world's 'happiest tower'
Dubai: The UAE is taking its happiness drive seriously. And you can’t miss if you’re driving down Dubai’s Shaikh Zayed Road. On Monday, the International Day of Happiness, just as the 200-megawatt solar power plant was being unveiled, a Dubai skyscraper …
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Strong winds, dust storms expected to continue in UAE
“We’re expecting the north westerly winds to affect all of the UAE by nightfall, and we’re expecting a gradual fall of temperatures for the next two days,” an NCMS forecaster told Gulf News. The unstable weather was caused by a trough, or extended …
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Dubai Police help Arab boy meet father after seven years
Dubai: Dubai Police helped a 15-year-old Arab boy reunite with his father after seven years, police said on Monday. The boy came to Dubai recently searching for his father who had divorced his mother when the boy was a year old. The boy, armed with just a …
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