UAE’s First Abu Dhabi Bank to pay Dh175 back to customers following error

January 9, 2019 8:27 am0 comments
UAE’s First Abu Dhabi Bank to pay Dh175 back to customers following error

Consumers complain they have been mistakenly charged a Dh175 interest fee 09-01-2019, Wednesday : Dubai: The UAE’s First Abu Dhabi Bank (FAB) will be repaying a number of its customers for wrongly charging them interest fees in the past few days. Some banking customers have recently taken to social media to […]

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UAE traders resort to selling on highs

8:17 am0 comments

Selective buying seen in DFM and Deyaar shares 09-01-2018, Wednesday-Dubai: Traders resorted to selling at intra-day peak on Dubai bourse on Tuesday with selective buying seen in shares of Dubai Financial Market and Deyaar. The Dubai Financial Market General index (DFMGI) rose as much as 2,551, before closing 0.24 per […]

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Oil prices dictated by market, not Opec, energy minister says

8:04 am0 comments
Oil prices dictated by market, not Opec, energy minister says

Opec strives to achieve balanced market that is fair for both consumers and producers 09-01-2019, Wednesday-Abu Dhabi: Opec (Organisation of the Petroleum Exporting Countries) and its members “don’t control” oil prices and that the market “dictates” them, according to Suhail Mohammad Faraj Al Mazroui, Minister of Energy and Industry. “What […]

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Watch: Emirates plane braves strong winds as it attempts to land

January 8, 2019 8:03 am0 comments
Watch: Emirates plane braves strong winds as it attempts to land

Video captures moment world’s biggest plane buffeted by dangerously strong winds 08-01-2019,Tuesday-Dubai: An Emirates plane has recently braved maddening winds while attempting to land at an airport in the United Kingdom. The Airbus A380 was coming to land at the Birmingham airport on Sunday morning amid strong winds that had forced other […]

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Indian rupee surges to 5-month high versus UAE dirham

7:58 am0 comments

Asian currency stages recovery on weakening US dollar 08-01-2019, Tuesday-Dubai: The Indian rupee climbed to its highest value against the UAE dirham on Monday, as the US dollar weakened on speculations that the Federal Reserve will cease from raising interest rates. The Asian currency traded at 18.87 per dirham and […]

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World Bank President Jim Yong Kim resigns

7:43 am0 comments
World Bank President Jim Yong Kim resigns

Kristalina Georgieva will serve as interim president 08-01-2019, Tuesday-Washington: World Bank Group President Jim Yong Kim will resign effective February 1, more than three years ahead of the expiration of his term in 2022, the multilateral lender said on Monday. “It has been a great honor to serve as president of […]

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