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Abu Dhabi / WAM Decent gains held by the real estate sector kept UAE markets stable on Tuesday, with ADX General Index closing high 0.71 percent at 4470 and DFM General Index slightly down 0.03 percent at 3652 points. Emaar hit a new high, closing at AED8.78, driven by the momentum created by the now-running Cityscape Global 2017. Market analysts ...

ABU DHABI / WAM A ban on insiders’ trading on UAE capital markets will go into force effective next week until the revelation of the Q3 financial statements by listed companies in compliance with the rules and regulations of the Securities and Commodities Authority. The Abu Dhabi Securities Exchange and Dubai Financial Market have announced that the band shall be ...

DUBAI / WAM Aldar Properties PJSC (‘Aldar’), Abu Dhabi’s leading listed property development, investment and management company, has signed an agreement with Union National Bank to provide escrow account services for Water’s Edge buyers. The partnership will enable Aldar to utilise escrow facilities for the recently announced waterfront development, and Yas Island’s first mid-market property, which comprises 2,255 apartments. Talal ...

Dubai / Emirates Business Emirates NBD, a leading bank in the region, took home the title of ‘Banking Company of the Year’ at the annual Gulf Business Awards. Recognised for its strong financial performance and continued commitment to the digitalisation of banking services in the UAE, the bank received the prestigious honour for the second consecutive year. Emirates NBD was ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, on Tuesday toured Cityscape Global 2017 in Dubai World Trade Centre where he was shown around the pavilions of the universal event in its 16th edition which woos impressive presence from 16 Arab and foreign countries and in ...

Abu Dhabi / WAM Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, and Let’s Talk Payments (LTP), have formed an alliance to enhance the FinTech ecosystem, and the growth and deployment of innovation in the Middle East and Africa, MEA, region, by opening the network and connectivity among the local, regional and international FinTech communities. The ...

Dubai / Emirates Business Airbus on Tuesday signed a Memorandum of Understanding with the Dubai Land Department (DLD) to provide geospatial solutions that will enhance the promotion of properties in the Emirate. The MoU was signed by H.E Sultan Butti bin Mejren, Director General of Dubai Land Department and Mikail Houari, Airbus President for Africa and Middle East at Cityscape ...

Dubai / Emirates Business MAG Property Development (MAG PD), the real estate development arm of MAG Group, announced the details of its flagship MAG Creek Wellbeing Resort project at Cityscape Global 2017. The AED 2.2 billion project reflects the company’s ability to achieve industry excellence and exceed its customers’ expectations in the freehold sector by introducing innovative and unprecedented and ...

Abu Dhabi / WAM The UAE maintains its competitiveness in terms of “Ease of Doing Business” in the World Bank’s global rankings, according to Ahmed Ali Al Sayegh, Chairman of Abu Dhabi Global Market. In statements to Emirates News Agency (WAM), after the launch of the Global Financial Centres Index on Tuesday where Abu Dhabi ranked among the top 25 ...

Hong Kong / WAM The UAE delegation participating in the Belt and Road Conference in Hong Kong stated that the Belt and Road initiative launched by China several years ago, which aims to develop commercial roads and economic corridors linking 60 countries, highlights the UAE’s position as an ideal destination for investments, not only from the region but also from ...