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Business
CQG Becomes Approved Independent Software Vendor on DGCX
over a week ago
Dubai, May 15, 2013: The Dubai Gold & Commodities Exchange (DGCX) today announced that CQG, Inc. a leading global provider of financial market data and trading software, has become an approved independent software vendor (ISV) on the Exchange. CQG has connected its hosted infrastructure to... Full story
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Business
UNB received recognition during “Forbes Middle East VIP Gala Dinner”
over a week ago
Abu Dhabi, U.A.E –15 May 2013: Union National Bank was recognized at the “Forbes Middles East” ceremony for being amongst the Top 500 Companies in the Arab World. The ceremony was held under the patronage of H.H Sheikh Nahayan Mabarak Al Nahayan, Minister of Culture, Youth... Full story
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Business
Asteco to lease new Al Wifaq Tower apartments
over a week ago
Occupying a prime position on Shams Abu Dhabi, Reem Island, Al Wifaq Tower one of the UAE capital’s latest luxury residential developments, is now ready to lease, with prices starting at AED75,000 per annum for a one-bedroom apartment. Owned by Union National Bank, Al Wifaq Tower... Full story
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Business
Dubai Police’s Humanitarian Care Section receives AED 1m donation from Al Ansari Exchange
over a week ago
May 15, 2013 Al Ansari Exchange, a UAE-based foreign exchange and worldwide money transfer company, has donated AED 1 million to the Humanitarian Care Section of the Department of Correctional and Punitive Institutions at Dubai Police. The donation is to facilitate the financial settlements of ... Full story
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Business
Dubai Airport world’s busiest, data confirms
over a week ago
15 May 2013 Dubai International Airport has won the crown of being the world’s busiest airport for international traffic for the first time. Previously, London Heathrow was enjoying that title. Since the beginning of 2013, Dubai has been performing better than Heathrow, according to... Full story
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Business
CBD launches $500m bond
over a week ago
15 May 2013 Commercial Bank of Dubai, or CBD, on Tuesday launched a $500 million, five-year debut international bond with a coupon of 3.375 per cent. The five-year bond had earlier attracted strong demand from investors, allowing it to price at the tight end of spread guidance of 250-270 ... Full story
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Business
UAE GDP to hit $395b
over a week ago
15 May 2013 The UAE’s gross domestic product, or GDP, will expand moderately to $395 billion in 2013, growing 3.6 per cent, according to Sultan bin Saeed Al Mansouri, UAE Minister of Economy, attributing to latest estimates put out by the Institute of International Finance, or... Full story
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Business
Dana Gas posts 17% profit growth in Q1
over a week ago
15 May 2013 Dana Gas, the region’s largest private sector natural gas company, on Tuesday announced a net profit of Dh241 million for the first quarter 2013. The profit surge of 17 per cent from a year ago profit of Dh206 million despite a fall in fuel sales volume ... Full story
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Business
Dubai Q1 trade hits Dh326b
over a week ago
15 May 2013 Dubai’s non-oil trade hit Dh325.5 billion in the first quarter, up 16 per cent from Dh280 billion recorded in the same 2012 period, according to Dubai Customs. Ahmed Butti Ahmed, director-general of Dubai Customs, said on Tuesday the growth — despite a setback... Full story
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Business
IEA: Oil market in shale supply ‘shock’
over a week ago
Paris: Booming oil production in North America brought on by the shale energy revolution has created a global “supply shock” that is reshaping the industry, the International Energy Agency (IEA) said on Tuesday. “North America has set off a supply shock that is sending... Full story



