Tuesday 31 May 2016
 
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Emirates NBD

ENBD, Du in tie-up for data centre services

UAE-based telecom service provider du has entered into a decade-long co-location agreement with leading banking institution Emirates NBD, to provide the organisation with third party data centre co-location services in the UAE. Em

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Dubai lenders in talks to raise $1.7bn in loans

Emirates NBD (ENBD), Dubai's largest bank, and Commercial Bank of Dubai (CBD) are both talking to banks to raise a combined total of up to $1.7 billion in loans to refinance existing debt, sources close to the matter said. The

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Dubai private sector sees big recovery in April

Dubai private sector companies recorded the fastest improvement in overall business conditions last month since November 2015, indicating a sustained recovery in growth momentum from the lows experienced in February, according to new data.

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UAE, Saudi show weakest non-oil growth in 3 months

The non-oil private sector in the United Arab Emirates and Saudi Arabia lost some growth momentum in April, with business conditions improving at the weakest pace in three months, a report said. UAE

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Emirates NBD bank units cut 300 jobs

Emirates NBD (ENBD), Dubai's largest lender, has laid off around 300 people in recent weeks at two subsidiaries due to a weaker economy, a spokesman said on Tuesday. The bank made around 100 people redundant from Emirates Mone

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Emirates NBD Q1 net profit gains 8pc

Emirates NBD (ENBD), Dubai's largest lender, posted an 8 per cent rise in first-quarter net profit on Tuesday, aided by smaller provisions for bad loans. The first major lender in the UAE to announce its earnings said it made

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Dubai private sector output rebounds in March

The private sector economy in Dubai, UAE signalled a solid rebound in business conditions during March, following the slight deterioration recorded during the previous month, according to the Emirates NBD Dubai Economy Tracker Index.

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Dubai private sector output rebounds in March

The private sector economy in Dubai, UAE signalled a solid rebound in business conditions during March, following the slight deterioration recorded during the previous month, according to the Emirates NBD Dubai Economy Tracker Index.

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Egypt non-oil business hits 31-month low in March

Egypt’s non-oil private sector business worsened for the sixth straight month, marking the strongest contraction in over two-and-a-half years, driven by sharper declines in output, new orders and employment, a report said. &

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Egypt non-oil business hits 31-month low in March

Egypt’s non-oil private sector business worsened for the sixth straight month, marking the strongest contraction in over two-and-a-half years, driven by sharper declines in output, new orders and employment, a report said. &

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