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UAE issues licence to three corporate banks

The UAE Central Bank said yesterday it had issued wholesale banking licences to Deutsche Bank, Bank of Tokyo-Mitsubishi

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Banks report $50bn loss

    Global banks and financials have announced more than $50 billion (Dh183.5bn) of write-downs and losses since

FDI attracted to UAE by its competitive economy

UAE Economy Minister Sultan bin Saeed Al Mansouri said the UAE has one of the regions' most competitive economies in

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Combined value of top companies rises $213bn

The combined value of the top 150 listed companies in the GCC rose by $213 billion (Dh781.7bn) in the past one year to

Dubai Capital buys stake in Egypt's CIB

Dubai government-owned investor Dubai Capital Group has bought a 5.24 per cent stake in Egypt's Commercial

Depa CEO buys back shares to boost investor confidence

The management of Depa has bought its shares from the Dubai International Financial Exchange (DIFX) after a sustained

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BBC to offer a service that 'the audience can trust'

(SUPPLIED)        Another news channel has taken to the airwaves this week, bidding for a place in the hearts and minds

Real disaster movies have more laughs

The title is something of a misnomer. Disaster Movie, from the people who helped to concoct Scary Movie, Date Movie and

iPad 5 33% lighter; production in weeks

Apple is said to be preparing to start production of a new, lighter iPad 5 soon. According to reports, trial production

DIB repays Finance Ministry

Dubai Islamic Bank PJSC (DIB) has announced that having received the necessary regulatory and Government approvals, the

FGB profit rises 12% to Dh1bn

First Gulf Bank, the second-largest bank in the United Arab Emirates by market value, posted a 12 percent increase in

Relaunch of 253 projects still possible due to Dubai property lifeline initiatives

The number “on hold” projects in Dubai declined to 253 by end of December 2012 from 291 reported in March 2012, as 22