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United Arab Emirates
Saturday, February 1, 2020

Business

The UAE and US have outlined the significant scope to expand economic ties during a meeting in Washington, extending a historically robust trade relationship. Discussions were held on a range of economic policy issues and co-operation in sectors including space, food security, artificial intelligence, innovation, digital economy, technology and health,...
Noor Bank, a leading Shari’ah-compliant bank in the UAE, has launched a new premium banking package for the growing affluent segment of the UAE population. Noor Bank’s latest offering is in line with its mission to deliver outstanding customer experiences by anticipating financial requirements and personalising products to match...
Total business activity in Dubai's private sector non-oil economy increased at its strongest rate for nine years in May, according to new research. The seasonally adjusted Emirates NBD Dubai Economy Tracker Index said activity growth remained partly driven by competitive pricing, notably in the construction and wholesale and retail sectors. The...
Average property prices in Dubai have declined by 14.5 percent in the past year to May, according to new research. Real estate data platform Property Monitor released its Dubai House Price Index for May which also showed that values had fallen by 1.5 percent month-on-month. The average house price in Dubai...
Saudi Arabia has increased its exposure to US treasuries and upped its bond holdings to a peak of $170 billion, according to a new report by the Institute of International Finance. The report noted that Saudi Arabia’s Public Investment Fund is close to reaching its target of increasing assets to...
The UAE’s industrial and logistics space is increasingly attracting global investor interest, according to global real estate advisor JLL. JLL said the recent sale-and-leaseback of Transworld Group’s logistics facility in Jebel Ali Free Zone, Dubai showcases positive investor sentiment and signals future growth in the sector. The rise in e-commerce and...
Ride share giant Uber on Thursday reported a $1 billion loss in the first quarter of this year despite rising revenue and monthly users. In its first earnings report as a publicly traded company, Uber said revenue climbed 20 percent to $3.1 billion from the same quarter last year, but...
Young people and social entrepreneurs are being encouraged to apply for a new initiative that will help grow social start-up companies in Abu Dhabi. Launched by the Authority for Social Contribution – Ma’an, the Ma’an Social Incubator is a first-of-its-kind program in Abu Dhabi, offering a unique chance for young...
By Mansoor Sarwar, Regional Technical Director at Sage Middle East While most business owners aspire to grow their companies consistently and sustainably, growth as we know it comes with its share of growing pains – the bigger you get, the greater your challenges become. While it’s important to stay focused on...
Noor Bank has announced a strategic partnership with ICICI Bank India that allows customers to make instant money transfers to India from anywhere in the UAE. Aimed at offering added flexibility and convenience to personal banking customers, the service enables transfers within 60 seconds through the Noor Bank online portal...