A new financial regulatory committee will help oversee financial restructuring procedures outside of court rooms, according to a newly issued government resolution. The resolution – No. 4 of 2018 – creates a nine-member committee chaired by the …
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Emaar and Aldar to launch joint projects worth up to $8.2 billion
DUBAI/ABU DHABI (Reuters) – United Arab Emirates (UAE) developers Emaar Properties and Aldar Properties signed a joint venture agreement on Tuesday to develop local and international projects worth as much as 30 billion dirhams ($8.2 billion). The state …
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Hospitality WiFi Announces Opening of Dubai Office
ADA, Ohio, March 20, 2018 (Newswire.com) – Hospitality WiFi, a leading provider of wireless services for hospitality properties, today announced the addition of a new corporate office in Dubai as a result of growth and demand in the region from …
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Some UAE businesses are paying more VAT than they need to
My advice to any business looking to do anything artificial to avoid UAE VAT, or create a timing advantage, is not to bother. Artificiality sometimes worked when tax and tax avoidance was regarded as fair game (around 1973, if you are wondering), but now …
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UAE seeks exemption from US tariffs on steel, aluminium
Danny Sebright, the president of the Washington DC-based US-UAE Business Council, has been quoted in local media as saying the UAE could have room for negotiation on the tariffs because of the importance of its aluminium to US aircraft manufacturing.
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Dubai Has Best Infrastructure Among World’s Global Cities: Report
The study assesses a country’s strength as a hub for doing business. Other countries benchmarked include Australia, the UK, China, Singapore and the US. Air freight was also a strong area for Dubai, ranking third behind the US and China, with 16.7 …
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UAE leaders attend lunch banquet
Ajman: UAE leaders on Tuesday attended a lunch banquet hosted by His Highness Shaikh Humaid Bin Rashid Al Nuaimi, Supreme Council Member and Ruler of Ajman, on his safe return home. His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and …
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Abu Dhabi gets set for Mother of the Nation Festival
Abu Dhabi: For the third year running, the popular Mother of the Nation festival comes back to Abu Dhabi on the weekend, with the 10-day festival set to feature more than 100 events and activities. Organised by the Department of Culture and Tourism – Abu …
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UAE’s Azizi launches first project in Dubai Studio City
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UAE-linked George Nader organised Arab leaders to replace GCC
A Lebanese-American businessman with close ties the United Arab Emirates crown prince organised a meeting of … that would supersede the Gulf Cooperation Council, according to a news report. George Nader’s name has surfaced in recent weeks as a key …
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ICC World Cup Qualifiers 2018: Rashid spins Afghanistan to victory over UAE
HARARE: Rashid Khan took a big leap towards becoming the quickest bowler to 100 ODI wickets when he grabbed his fourth five-wicket haul as Afghanistan overcame a top-order batting collapse to prevail over the United Arab Emirates in a Super Six fixture of …
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Dubai Investments to set up $100m Islamic bank in DIFC
Dubai Investments, a diversified company in which Investment Corporation of Dubai, the emirate’s sovereign wealth fund has an 11.54 per cent stake, is leading a group of investors who will set up a $100 million Islamic bank that will list on Nasdaq Dubai.
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Risk and funding costs weigh on UAE banks
according to the latest UAE Banking Pulse report from Alvarez & Marsal (A&M), a global professional services firm. Data for the last quarter of 2017 showed a rise in costs and lower loan growth, moderating profitability of top 10 UAE banks by assets.
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Dubai ‘best city’ for expats in Middle East, survey says
Dubai: Dubai has ranked the best city for expats in the Middle East and Africa, according to Mercer’s 20th Quality of Living Survey. Dubai ranks 74th globally in overall quality of living, making it the number one city in the Middle East and Africa …
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Dubai’s Emaar enters $8.2bn partnership with Abu Dhabi’s Aldar
Dubai’s Emaar Properties has entered into a partnership with Abu Dhabi’s Aldar to develop UAE and global real estate projects worth Dhs30bn ($8.18bn). The deal was announced on Twitter by state media agency WAM before being confirmed by UAE Vice …
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UAE bank loans and deposits forecast to rise in 2018
Loan growth will increase in the UAE this year as the country’s macroeconomic outlook improves and infrastructure investment creates new opportunities, according to a new report from BMI Research. According to the report, deposits will also rise, as …
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Mashreq Bank Drives Innovation With Alipay Payment Partnership
Mashreq Bank, the UAE’s leading financial institution, today announced its partnership with Alipay, the world’s largest online and mobile payment platform operated by Ant Financial Services Group. This, first-of-its-kind association with Alipay …
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