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Currency News

UPDATE 1-UAE's Aldar plans $1.47 bln capex over two years, 2017 profit falls -CFO

15 Feb 2018 01:30Reuters
“The overall capex programme stands at 5.4 billion dirhams (which) will run approximately 24 months, but we add to this as we continue to announce new contracts and launch new projects,” Fewer said. more

UAE telco du Q4 net profit rises 14.9 pct

15 Feb 2018 01:18Reuters
Fourth-quarter revenue was 3.45 billion dirhams, up 0.5 percent from the same period a year earlier. The company said its board of directors had proposed a total annual dividend payment of 0.35 dirhams per share, up from 0.34 dirhams per share for the ... more

Sierra Leone: Late Ambassador Timbo's Emirati Project Kicks Off

27 Jan 2018 05:26CNBCAfrica.com
... water in the rural areas agreed upon by both parties with a total value not exceeding US$ 2,734,173 (Two Million Seven Hundred and Thirty-four Thousand, One Hundred and Seventy-three United States Dollars) or what is equivalent in UAE Dirham ... more

UAE to Postpone Changes to How It Calculates Key Rate

18 Jan 2018 01:18Bloomberg
... units of HSBC Holdings Plc and Standard Chartered Plc, after excluding the two highest and lowest quotes. Under the current system, banks largely rely on estimates to determine the rates they would charge each other for short-term loans. more

UAE's Sharjah launches 735 mln USD real estate projects

16 Jan 2018 10:30Xinhua
ABU DHABI, Jan. 16 (Xinhua) -- The United Arab Emirates' (UAE) sheikhdom of Sharjah unveiled on Tuesday three ground-breaking projects worth 2.7 billion dirhams (735 million U.S. dollars). The residential, hospitality and commercial real estate ... more

Aloft Abu Dhabi

03 Jan 2018 07:41Telegraph.co.uk
Buffets are available for breakfast, lunch and dinner for between 99 and 155 Emirati Dirhams (£20-31). Mai Café is the casual poolside eatery with a diverse menu that extends from Caprese salad (48 Emirati Dirhams [£9.50]), to mains including salmon ... more

UAE property developer secures 1b dirham loan for mega-project

28 Dec 2017 04:52The Business Times
[DUBAI] Arada, a newly-created United Arab Emirates-based property developer, has secured a one billion dirhams (S$365. more

Clean energy to make up 50 pct of UAE consumption in '50 - Min.

10 Dec 2017 14:15Kuwait News Agency
The UAE plans to reduce using of natural gas for power generation from 100 percent currently to 38 percent by 2050, he pointed out. more
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