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Currency News

Dubai's Emirates NBD Q4 net profit rises 17.2 pct

15 Jan 2018 22:52Reuters
DUBAI, Jan 16 (Reuters) - Emirates NBD (ENBD), Dubai's largest lender, posted a 17.2 percent rise in fourth-quarter net profit on Tuesday. more

Dubai Airshow: Live coverage from the biggest aviation showcase in the Middle East

11 Nov 2017 23:08ZAWYA
The United Arab Emirates has announced a 6 billion UAE dirham ($1.633 billion) deal with Lockhead Martin to modernise its F-16 jet fighters, Reuters reported. more

Majid Al Futtaim to finance $380 mln Abu Dhabi mall through debt, equity

31 Oct 2017 06:03Reuters
Abu Dhabi, capital of the United Arab Emirates is investing billions in industry, tourism and infrastructure to diversify its economy away from oil. more

UAE telco du posts 4 pct rise in Q3 profit, in line with two forecasts

31 Oct 2017 00:15Reuters
DUBAI, Oct 31 (Reuters) - Du, the United Arab Emirates' No.2 telecom operator, posted a 4 percent rise in third-quarter net profit on Tuesday, in line with the forecasts of two analysts. more

Sorry folks, but there is no Chinese alternative to the petrodollar

30 Oct 2017 21:26South China Morning Post
An emergent petroyuan to rival the petrodollar might appeal to those who resent Uncle Sam's enjoyment of the privileges that accrue from the world having to hold greenbacks to pay for its oil and gas. more

Mediclinic warns shareholders of interim headache

17 Oct 2017 02:30Business Day
But excluding gains from converting rand, Swiss francs and Emirati dirhams from the group's subsidiaries into pounds, revenue was flat, Tuesday's statement said. more

BIG will design massive Mars simulation city in the United Arab Emirates

27 Sep 2017 15:48Curbed
The massive 1.9 million-square-foot, 500 million United Arab Emirates dirham ($140 million)-space simulation center will be built in the desert of the United Arab Emirates and is intended to be a “viable and realistic model” for simulated living on ... more

Dubai Awards Contract for Phase 4 of Massive Solar Park

18 Sep 2017 09:59POWER magazine
The country has said total investment in the plan will be about Arab Emirates Dirham (AED) 50 billion, or just more than $13.6 billion. more
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