Abu Dhabi is considering more mergers to boost its financial services industry after combining National Bank of Abu Dhabi PJSC and First Gulf Bank PJSC, according to four people with knowledge of the matter. The oil-rich emirate is weighing a plan to merge …
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Mark Mobius: Rise of ETFs spurs price war fund managers can’t win
And Jeff Levi, who consults money managers on strategy at Casey Quirk by Deloitte, says emerging-market hedge funds have increasingly been dropping fees. This year has proved more than ever before that emerging-market money managers, often regarded as more …
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UAE Seeks $70B in Industrial Investment Amid Oil Price Slump
As the global oil price slump takes its toll on Gulf countries, the UAE is boosting its non-oil sectors, now seeking to lure in more than US$70 billion in industrial investment by 2025, according to UAE officials. These investments would increase the …
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Ministry told to strictly implement UAE’s Anti-Discrimination Law
Dubai: The legacy of both Shaikh Zayed Bin Sultan Al Nahyan and Shaikh Rashid Bin Saeed Al Maktoum represent the values of tolerance and respect of which the UAE is proud, His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime …
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Ministry of Finance to host Innovation Festival
The UAE Ministry of Finance will hold an Innovation Festival, as part of the UAE Innovation Week. Taking place over two days, the Innovation Festival will include a range of workshops and discussions for business innovators and entrepreneurs, and young …
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Dubai’s RTA launches free wifi on buses to Sharjah, Abu Dhabi
The high-speed wifi service will be provided by Etisalat Free wifi will now be available on board over 100 intercity buses from Dubai, the Roads and Transport Authority (RTA’s) Public Transport Agency has announced. The high-speed wifi service will be …
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UAE’s role in the next industrial revolution
The UAE is to join with the World Economic Forum (WEF) to establish the first permanent policy unit to study and implement measures regarding the “Fourth Industrial Revolution” – the transformation of business and society brought about by technological …
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Central Bank governor expects UAE economy to expand in 2017
The UAE Central Bank governor Mubarak Al Mansouri said that he expects the country’s economy to expand next year at a faster pace, giving a boost to flailing bank growth. “If we look at expected GDP growth of 2.4 per cent from 2.2 this year, I think …
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Gulf banks could lose access to dollar clearing, UAE central banker warns
ABU DHABI Commercial banks in the Gulf could lose their ability to have dollar trades cleared through the U.S. banking system, increasing risks for them, the United Arab Emirates’ central bank governor warned on Monday. Mubarak Rashid al-Mansouri told a …
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2016 Abu Dhabi GP: Lewis Hamilton & Nico Rosberg title permutations
But there are another of different scenarios that would also hand Rosberg the title when the fireworks illuminate the night sky in Abu Dhabi. If Hamilton wins Rosberg needs to be third or better to be champion. If Hamilton is second, Rosberg needs to be …
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Abu Dhabi Grand Slam Rio de Janeiro Day 2 Results
Rio De Janeiro, Brazil, 13 November, 2016: The Abu Dhabi Grand Slam in Rio Den Janeiro continued where it left off yesterday, as the UAE National team had another impressive set of performances at the No Gi divisions and won a total of 24 medals in the …
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RTA provides free WiFi on board Intercity Bus in coordination with Etisalat
Dubai has launched a free WiFi service on board 106 Intercity Buses to Sharjah and Abu Dhabi. In a media statement, Dubai’s Roads and Transport Authority (RTA) said that the step is part of its endeavours to bring added happiness to customers by making …
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Dubai construction duo Arabtec and Drake & Scull reduce losses
Arabtec said the financial impact of discontinued operations in Saudi Arabia is expected to decrease further after recording a third-quarter loss of 17 million dirhams on the business, against a 79 million dirham loss a year earlier. ($1 = 3.6729 UAE …
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UAE jails Emiratis up to 10 years for Islamist links
the Gulf News said. The man drew slogans and symbols on public law promoting the jihadist group as well as “slanderous and degrading phrases about state officials”, it added. The United Arab Emirates is a member of the US-led coalition that has been …
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UAE will soon have a $1 billion online shopping platform
Some large international stores often have long delivery times to Dubai, so we’re constantly looking for the next local e-commerce store, even if it’s a small boutique. If you’re an avid spender, news that an online shopping platform costing $1 …
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UAE and Qatar FAs compete for AFC Football Association annual awards
Qatari and Emirati football associations are in contention for the AFC awards for aspiring and developing football associations in Asian football The AFC announced the full list of nominees for the 2016 annual awards during the ceremony that will be held …
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Uzbek refereeing team to officiate UAE VS Iraq
The international football governing body FIFA delegated the responsibility of refereeing the UAE against Iraq encounter to an Uzbek team FIFA delegated the task of officiating the match that will see UAE face Iraq in the World Cup 2018 Asian Qualifiers to …
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