… 2017”, KPMG partners argue that both VAT and CRS are likely to have a significant impact on every bank operating in the UAE. “VAT is likely to be an irrecoverable cost, negatively affecting margins for the banking sector. It is therefore …
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914 Emiratis hired in financial, banking sectors
Dubai: A total of 914 Emiratis have been hired in 111 banking establishments and companies operating in the financial sector, the Ministry of Human Resources and Emiratisation announced on Saturday. Around 774 Emiratis have assumed their functions while …
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Etisalat Academy to organise seminar and workshop on ‘Blockchain’ technology
Dubai: Etisalat Academy is set to organise a seminar and workshop on the latest “Blockchain” technology under the theme “Blockchain: The Next Disruptive Technology” from March 21-23 at its premises in Dubai. Blockchain is a technology that allows …
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I, robot, build your home
Revolutionary factory-built smart homes, which are expected to make their debut in the UAE in less than a year, will be inspired by the innovative design and robotic production technology used to make the much-acclaimed Tesla electric cars. KEF Holdings …
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UAE seeks to boost rights of domestic workers
The rules, which have been approved by the UAE Cabinet, must now be passed by the Federal National Council and signed into law by President His Highness Shaikh Khalifa Bin Zayed Al Nahyan. According to a copy of the draft law obtained by Gulf News …
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UAE Central Bank raises rates in line with US Federal Reserve
The Central Bank of the UAE raised interest rates on its certificates of deposit by 25 basis points on Thursday, in line with the US Federal Reserve move on Wednesday to increase the Federal Funds rate by the same amount. Markets had expected the increase …
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How UAE's property sector may be impacted by 5% levy
The UAE’s Ministry of Finance has yet to issue specific guidance in relation to VAT on residential and commercial property. A five per cent value-added tax (VAT) on property transactions is expected to impact only big-ticket investors and those dealing …
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UAE hikes interest rates: How will it impact your EMI?
The United Arab Emirates central bank said on Wednesday that it was raising key interest rates by 25 basis points, effective on Thursday, in response to the rate increase by the US Federal Reserve. Rates on certificates of deposit issued by the UAE central …
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Dubai residents all smiles for happiness parade
Dubai: Smiles, sunglasses and sweat were seen on the faces of a large crowd who gathered on Saturday by the Dubai Canal to mark the International Day of Happiness. To start the whole-day happiness programme, several hundred people joined a parade the beat …
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Marissa, the nail technician with a hidden artistic talent
Dubai: When Marissa Sanchez Paulma, a 30-year-old nail artist from the Philippines, was gifted a canvas and paintbrush by one of her clients at the salon, she was pleasantly surprised at the beautiful artwork she could create. Working as a nail technician …
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UAE: Jordanian Journalist Convicted
WAM, the UAE’s official news agency, reported that the Abu Dhabi Federal Appeals Court convicted al-Najjar under article 29 of the country’s cybercrime law, sentencing him to three years in prison and a fine of 500,000 UAE Dirhams (US$136,000).
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UAE, Brazil sign three accords enhancing ties
Brasilia, March 17 (IANS/WAM) The United Arab Emirates (UAE) and Brazil have signed three accords on air transport and reciprocal exemption of entry visa requirements. Sheikh Abdullah bin Zayed Al Nahyan, UAE’s Minister of Foreign Affairs and …
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UAE official says Germany can benefit from Dubai Expo 2020
reported UAE state news agency WAM Friday. Dubai, the trade and logistics hub of the UAE, will be the first Arab city to host the six-month world expo in 2020. Abdullah Al Saleh, under-secretary for foreign trade affairs at the UAE Ministry of Economy …
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UAE: Strong Partnerships Vital to Address Global Challenges
SÃO PAULO, Mar 17 (IPS) – IPS is reproducing an interview of Sheikh Abdullah bin Zayed bin Sultan Al Nahyan, Minister of Foreign Affairs and International Cooperation of the United Arab Emirates with Valor Economico. Sheikh Abdullah bin Zayed bin Sultan …
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UAE tennis in need of serious re-think
To think that tennis has been struggling to survive may not exactly be the best of news for a country that boasts of two of the top international tournaments in the fortnight-long Dubai Duty Free Tennis Championships. But over a period of time, the reality …
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UAE posts trillion dirham revenue from non-oil trade
The year, UAE’s imports were valued at Dh803 billion, with re-exports accounting for Dh330 billion and exports Dh143 billion. (ADTerminals.ae image) DUBAI – There is life outside oil industry after all. This progressive city in the United Arab Emirate …
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Argentina and UAE Agree to Strengthen Economic Ties
A broad UAE delegation headed by UAE Assistant Minister of Foreign … which left 22 dead and dozens injured. During the news briefing, Minister Al Nayhan expressed his solidarity referring to the incident and said he hoped nations “will work more …
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