Thursday 24 April 2014
 
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Dubai

Emirates NBD profits surge 25pc

Emirates NBD, Dubai's largest lender, said on Thursday its first-quarter net profit rose 25 percent on the back of both interest and fee income, beating analysts' forecasts. The lender, 55.6-percent owned by state fund Inv

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First Bitcoin ATM opens in Dubai

The UAE's first Bitcoin ATM has been activated by Umbrellab, a start-up company, in an office in Dubai Media City, a report said.   The kiosk allows people to deposit cash into their Bitcoin wallet, said The National repo

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New Dubai sukuk opens door for more

Dubai's government hopes its first 15-year sukuk issue - an unusually long tenor for an Islamic bond - will pave the way for long-term debt sales by its state companies, the Department of Finance said. Dubai drew $2.3 billion

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Top decision-makers to attend Travel Catering Expo

Key decision-makers from 21 airport operators, civil aviation authorities, airlines and flight caterers from nine countries will take part in the inaugural Travel Catering Expo (TCE) in Dubai next month. The event is co-located wi

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Noor Bank Q1 profit surges to record $23m

Dubai’s Noor Bank has reported record net income of Dh85 million ($23 million) for first quarter 2014, up from Dh31 million for first quarter 2013, marking an increase of 174 per cent. Return on equity improved to 14 per cen

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Qatar hits all-time high, Dubai scales 5,000-mark

Qatar's bourse hit an all-time closing high on Tuesday as shares in several companies jumped ahead of first-quarter earnings reports, while Dubai's bourse broke through resistance to close above 5,000 points for the first time since Augu

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Imdaad backs Emiratisation at Careers UAE 2014

Imdaad, a leading provider of facilities management (FM) solutions, has joined the Careers UAE 2014, the latest edition of the recruitment and training event for UAE Nationals, to bolster its efforts to get more Emiratis into its work force.

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Emaar Q1 profit up 55pc; hits $235m

Emaar Properties, recorded a net profit of Dh863 million ($235 million) during the first quarter (Q1) of 2014, marking a 55 per cent increase over the Q1 2013 net profit of Dh556 million. It is also 14 per cent higher than the fou

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Arabtec unit to showcases $3.8bn projects

Arabtec Holding, a leading engineering and construction group of companies, is showcasing projects worth Dh14 billion ($3.8 billion) at Cityscape Abu Dhabi, through its newly launched subsidiary, Arabtec Properties. Arabtec Proper

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Dubai to sell 15-year benchmark sukuk

The government of Dubai plans to sell a benchmark-sized sukuk with a lifespan of 15 years on Tuesday, a document from lead managers said. Initial price thoughts on the Islamic bond have been set between 5 and 5.125 percent, the do

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