33 C
Dubai, AE
Fri 22 Jun 18 11:05 pm

50 years on, Mashreq to move into new Dubai HQ before...

Dubai-based Mashreq bank today announced that it will move its corporate headquarters out of Deira – its base for almost 50 years since the bank was founded in 1967 – to a new building...

Dubai hot favourite for realty investment

Indians have by far remained the most prolific foreign investors in Dubai realty, outshining capital inputs from British, Russians and all others. As per the data from Government of Dubai’s Land Department, Indians have...

Dubai imposes 5% import duty on gold jewellery

Dubai has imposed a 5% import duty on gold and diamond jewellery, a move which is likely to hurt Indian exports at a time when demonetisation has hit business at home. The new levy may...

Dubai exchange may launch gold contract for retail investors

The Dubai Gold and Commodities Exchange (DGCX) said on Saturday it was considering whether to launch a new spot gold contract designed to be used by retail investors and traders. The DGCX signed a memorandum...

Mohammed Bin Rashid Lays Foundation Stone Of Tower At Dubai Creek...

Vice President and Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum laid on Monday the foundation stone for the ‘The Tower at Dubai Creek Harbour' project, the new...

Dubai working with HSBC on $7bn financing for Expo 2020

Dubai is working with HSBC on the financing of Expo 2020 Dubai, a $7bn exhibition centre project expected to attract 25 million visitors, sources familiar with the matter said. The site will host Expo Dubai...

Dubai Aims to Become a FinTech Hub

Dubai has joined the global battle to become a FinTech hub. With decades of growth, the city has developed its infrastructure to become a key business center and is now placing its focus on...

UAE Central Bank: Total deposits increased by Dh6.3bn in May

The Central Bank has announced that the Money Supply aggregate M1 decreased by 0.9 per cent from Dh493.4 billion at the end of April, 2016, to Dh488.9bn at the end of May, 2016. The Money...

Emirates NBD partners with Twitter to offer customer support

Emirates NBD, one of the leading banking groups in the region, has partnered with real time information network Twitter, to be the first bank in the region to offer customer support features through its...

Fire, Flesh & Blockchain: Dubai’s DED Sees Truth as Economic Enabler

"We as a government know very little about this technology. We focus on running the city." The statement comes halfway through my talk with Mohammed Shael Al Saadi, the man in charge of economic development for...
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