The First Gulf Bank said it is not interested to bid for Barclays business in the UAE. The First Gulf Bank, a lender based out of the United Arab Emirates, said it has no plans to bid for the retail banking operations of Barclay in the country.
Tags: United Arab Emirates
DFM has a new chairman
Upon appointment of the Dubai ruler, the Dubai Financial Market has a new chairman in Essa Kazim. The ruler of Dubai had appointed Essa Kazim to the position of chairman of the bourse operator Dubai Financial Market.
Mobile phone number portability to go online by December - TRA UAE
The Telecommunications Regulatory Authority of UAE would, after a five year wait, put the mobile phone number portability system operational by December.
Barclays Plc freeze accounts of its clients in the UAE
After its announcement of its closure of banking operations, Barclays Plc had begun freezing its customers accounts.
Abu Dhabi and Dubai set to merge bourses
In a move to revitalize the UAE financial market, the Dubai and Abu Dhabi regulatory authorities are exploring ways to merge their bourses.
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Emirates NBD agreed to a five year sponsorship deal with Manchester United Football Club. The largest bank in the United Arab Emirates, the Emirates NBD, recently announced a five year partnership agreement with Manchester United Football Club.
According to CSCEC CEO Yu Tao, the company's experience in building and maintaining housing projects would be key to address the needs of the GCC countries.
The UAE railway network's first phase has been completed. The first phase of the multi-billion dollar rail network for UAE is acheduled for inauguration for the end of 2013.
