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Tue 30 May 17 01:21 pm

Commercial Bank of Dubai closes in on up to $500m loan

Commercial Bank of Dubai (CBD) is expected to sign a three-year loan in the next few days worth up to $500 million to refinance existing debt, sources familiar with the matter told Reuters on...

Work starts on wholesale trading hub in Dubai

Construction work has begun on a trading hub to house Dubai’s suppliers in one district. The building of Dubai Wholesale City got under way this week with the 550 million ft sq zone located...

Expo 2020 Dubai teams up with DEWA to develop sustainability

Expo 2020 Dubai has signed a Memorandum of Understanding (MoU) with Dubai Electricity and Water Authority (DEWA) to become an Official Sustainable Energy Partner. DEWA and Expo 2020 Dubai have formed a national partnership to...

Bank of Singapore to use Dubai as base to attract Middle...

The private banking arm of Singapore’s second-biggest lender OCBC (OCBC.SI) is targeting annual growth of assets of more than 20 percent from its new office in Dubai, which it aims to use to attract...

Owners can evict for personal use of property: Dubai Rental Disputes...

Tenants who are evicted by their landlords in Dubai for personal use of the property can sue them in case the owner rents the unit to non-relatives, according to the Dubai-based Rental Disputes Centre...

Selling real estate in Dubai? Now rules have changed

RERA declared that there must be a written agreement in which property owners authorise real estate brokers to carry out their marketing campaigns. The Real Estate Regulatory Agency (RERA), the regulatory arm of Dubai Land...

Dubai Expo 2020 to Award $3 Billion of Building Orders in...

Dubai’s World Expo 2020 plans to award 47 construction contracts valued at 11 billion dirhams ($3 billion) this year, providing an economic boost for the United Arab Emirates even as oil prices remain low. The...

Why Dubai Marina is a compelling investment opportunity

ValuStrat recently released their February 2017 figures for the Dubai residential VPI (ValuStrat Price Index) and mentioned that even though some affordable and mid-end locations were witnessing price uplifts, however, overall residential prices were...

Dubai-based Citigate acquire diamond mine in Africa

Citigate Commodities Trading Limited, a Dubai-based company, has acquired and launched a 79.9 square kilometre diamond mine in Sierra Leone. “We have achieved our first milestone towards our vision by launching the ‘Safa Afrique' diamond...

Emirates NBD Announces Third Quarter 2016 Results

Emirates NBD (DFM: EmiratesNBD), the UAE's largest lender, delivered a solid set of financial results with net profit up 8% to AED 5.4 billion for the first nine months of 2016. The operating performance...

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