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Currency News

Chinese firm wins $163mln contract for Damac's Dubai skyscraper

27 Feb 2018 06:11ZAWYA
A presentation given by JLL Mena's acting head of hotels and hospitality, Marko Vucinic, earlier this month highlighted the growing influence of Chinese investors on property markets in the United Arab Emirates. “China has already made a few ... more

UAE central bank chief: fintech very beneficial to banking sector

27 Feb 2018 03:33Reuters
ABU DHABI, Feb 27 (Reuters) - The technology underlying crypto-currencies and other new financial technologies are really beneficial to the banking sector, United Arab Emirates central bank governor Mubarak Rashid al-Mansouri said on Tuesday. more

Emirates Global Alumunium Profit Climbs Before Possible IPO

27 Feb 2018 02:32Bloomberg
Traders react on the trading floor of the open outcry pit at the London Metal Exchange . Photographer: Luke MacGregor/Bloomberg. Emirates Global Aluminium, which may sell shares to the public for the first time this year, said 2017 profit surged as it ... more

9 months after man working in UAE dies, Rs 57 Lakhs relief for kin

24 Feb 2018 20:37Times of India
LLC, Dubai, United Arab Emirates and was drawing a salary of 1800 AED (Arab Emirates Dirham) per month, which amounts to Rs 31,644/- in Indian currency. more

First Abu Dhabi Bank's 2017 profit crimped by merger costs

29 Jan 2018 07:52ZAWYA
FAB, the combination of National Bank of Abu Dhabi and First Gulf Bank, said its full-year net profit was AED10.92bln ($3bln). Tom Arnold and Stanley Carvalho, Reuters News. more

Khawaja Asif admits to holding Iqama but denies hiding salary received from ...

24 Nov 2017 06:54Pakistan Today
The petition seeks Asif's disqualification under Articles 62 and 63 of the Constitution, alleging that the foreign minister did not declare details of his employment contract with Mech and Elec Co LLC (IMECL), a company based in the United Arab ... more

Biggest Dubai Share Sale in Three Years Raises $1.3 Billion

16 Nov 2017 00:45Bloomberg
Emaar Properties PJSC raised 4.82 billion dirhams ($1.31 billion) from the sale of a 20 percent stake in its United Arab Emirates development business, pricing the initial public offering at the bottom of a revised range. The Dubai-based developer of ... more

Dubai Real Estate Deals Hit $3.27B In First Half Of January

19 Jan 2017 18:04Law360 (subscription)
Law360, Minneapolis (January 19, 2017, 6:55 PM EST) -- The Dubai real estate market heated up in the first two weeks of January, with 12 billion United Arab Emirates Dirham ($3.27 billion) in transactions done in the first 15 days, according to an ... more
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