Monday , 24 September 2018

Tag Archives: UAE

All about the green: UAE’s wealthy more likely to invest sustainably

Zawya Express presents the top story, topic or trend highlighted by our editorial team as recommended weekend reading Wealthy individuals from the United Arab Emirates are more likely to place a part of their portfolio in sustainable investments than their global counterparts, according to Swiss investment bank UBS. The bank’s latest UBS Investor Watch report issued on Thursday found that …

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Softbank, Mubadala aim to bring investee companies to UAE and Saudi Arabia

Softbank Investment Advisers says “number one goal” of new office is to bring portfolio companies to the region The head of investment giant Softbank’s new Middle Eastern offices has said that its new regional bases in Abu Dhabi and Riyadh will be used to bring some of the portfolio companies within its $100 billion Softbank Vision Fund to the region. …

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Jobs in UAE: Banks hire 760 employees in 2018

Local banks increased their hiring while foreign banks reduced the number of employees. UAE banks added 760 employees in the first seven months of this year despite decrease in the number of branches, official figures showed. According to the Central Bank data, local banks increased hiring while foreign banks reduced number of employees during January to July period. In total, …

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UAE stocks gain $2bln following potential bank merger reports

Abu Dhabi’s ADCB, Union National Bank, Al Hilal Bank in talks to merge The UAE stock exchanges gained AED7.5 billion in market cap Tuesday following reports purporting initial negotiations on potential mergers between Abu Dhabi Commercial Bank, Union National Bank and Al Hilal Bank. The shares of the ADX-listed ADCB and Union National Bank therefore closed high at AED8.00 and …

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$700 commercial licence launched in UAE

Invites entrepreneurs to raise funds and later list those startups on the financial exchange The Abu Dhabi Global Market (ADGM) on Saturday launched a commercial licence for technology startups at a nominal cost of Dh2,570, inviting entrepreneurs to raise funds and later list those startups on the financial exchange. The financial centre said in a statement that the new licence …

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UAE businesses opt for flexible workplaces

UAE business leaders and risk managers are adopting flexible real estate strategies to grow their company and mitigate against risk UAE business leaders and risk managers are adopting flexible real estate strategies to grow their company and mitigate against risk, according to a new study by International Workplace Group (IWG), the parent group of workspace companies including Regus. The UAE …

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UAE insurtech start-up Aqeed makes splash with advertising blitz

CEO says Aqeed’s shareholders, which include companies specialising in reinsurance and media buying, bring more than money to table For a start-up, insurance technology (insurtech) firm Aqeed has succeeded in making itself well-known since launching across the United Arab Emirates in April. Many UAE residents may still be unsure as to the purpose of the Dubai-based company, which raised $18 …

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UAE’s Khalifa Fund calls entries for entrepreneurs contest

Pitch@PalaceGCC to encourage innovation among the youth and promote SMEs. Khalifa Fund for Enterprise Development is inviting creative entrepreneurs to participate in the second edition of ‘Pitch@PalaceUAE’ and the first edition of ‘Pitch@PalaceGCC to encourage innovation among the youth and promote SMEs. Pitch@Palace plays a vital role in supporting innovative enterprises and ideas at the local and regional levels, with …

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UAE job vacancies on the rise in first half of 2018

Hiring accelerates in the first half of 2018; momentum seen to spill over into 2019 UAE – Job growth in the UAE expanded at a fast clip in the first half ofthis yearand industry stalwarts and analysts are optimistic that the trend will be maintained in the second half and2019. The rise in employment in key economic sectors indicates that …

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UAE’s Shuaa Capital to boost foothold in Saudi Arabia, Kuwait, Egypt

The Saudi market is so important and full of growth potentials and opportunities Shuaa Capital is seeking to collaborate with Saudi Arabia’s Jabal Omar Development Company (JODC) to launch and manage real estate investment funds in the Kingdom of Saudi Arabia. The partnership is directed towards managing the development and expansion of centrally located real estate hotspots across the Kingdom, …

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