Qatar has asked U.S. regulators to investigate the US subsidiary of the largest bank in the United Arab Emirates, accusing it of “bogus” foreign exchange deals designed to harm its economy as part of a blockade by Gulf neighbors. The Central Bank of Qatar …
( read original story …)
UAE lender FAB denies Qatari allegations of currency manipulation
First Abu Dhabi Bank, the UAE’s biggest lender by assets, denied a media report stating allegations by Qatar that it attempted to undermine the country’s currency in a bid to harm its economy, as Doha’s standoff with neighbouring states continues.
( read original story …)
Noor Bank Receives ‘Generally Conforms’ Rating From UAE Internal Auditors Association
Noor Bank, a leading Shari’a compliant bank in the UAE, today announced that its Internal Audit function has received the “Generally Conforms” rating, which stands as the highest rating, following a quality assessment review by the UAE Internal …
( read original story …)
Qatar asks US to probe ‘financial warfare’ by UAE bank
Qatar has asked the US to investigate reports that the American subsidiary of the largest bank in the UAE is manipulating the Qatari currency to harm the country’s economy amid a diplomatic dispute with Saudi Arabia. The Central Bank of Qatar has sent a …
( read original story …)
India’s Axis Bank opens office in Sharjah
Axis Bank, India’s third largest private sector bank, has opened a representative office in Sharjah, United Arab Emirates. Shri Vipul, Consul General of India in Dubai, inaugurated the representative office. The representative office in Sharjah is the …
( read original story …)
Plans revealed to set up new Islamic bank in Dubai
Dubai Investments has announced plans to lead a consortium of investors to launch Arkan Bank, a wholesale Islamic financial institution with an initial paid-up capital of $100 million. The authorised share capital of Arkan Bank will be $500 million, the …
( read original story …)
65pc of Sharjah Waterfront City Phase One sold out
Sharjah Oasis Real Estate Developments, developer of Sharjah Waterfront City – the largest mixed-use masterplanned waterfront community in Sharjah, announced that 65 per cent of its Phase One – 321 villas on Sun Island – has been sold out. The master …
( read original story …)
VAT to have ‘limited’ impact on Dubai’s property sector
The recent introduction of value added tax (VAT) in the UAE is expected to have only a “limited” impact on Dubai’s real estate sector, according to the Federal Tax Authority (FTA) and Dubai Land Department (DLD). The UAE began implementing VAT at a …
( read original story …)
UAE good conduct requirement now applies to workers switching jobs
The UAE’s good conduct certificate requirement for visa applicants will now apply to existing workers in the country that are switching jobs, according to reports. Gulf News cited official sources as confirming the certificate is now mandatory for …
( read original story …)
65pc of Sharjah Waterfront City Phase 1 sold out
Sharjah Oasis Real Estate Developments, developer of Sharjah Waterfront City – the largest mixed-use master-planned waterfront community in Sharjah, announced that 65 per cent of its Phase I – 321 villas on Sun Island – has been sold out. The master …
( read original story …)
Sharjah Art Foundation Announces Production Programme Grant Awardees
Egyptian artist Doa Aly (b.1976) — One of the recipients of the 2018 Production Programme grant by Sharjah Art Foundation (Courtesy: youtube.com) On the occasion of the opening of “Active Forms” — Sharjah Art Foundation’s March Meeting 2018 …
( read original story …)
NYU Abu Dhabi Seeking Startups For Second Edition Of Entrepreneurship Programme
NYU Abu Dhabi innovation and entrepreneurship platform startAD has announced its invitation to the innovative startups to apply for the second edition of the hardware Venture Launchpad, a 10-day entrepreneurship programme that will help startups develop a …
( read original story …)
Abu Dhabi Ship Building : sees second highest ever profits
Abu Dhabi Ship Building (ADSB) has managed to break through the AED 100-million barrier with its second-highest profits in history for the year ended December 31st. During 2017, ADSB re-branded its market position, and continued to build on the momentum …
( read original story …)
UAE VP orders creation of financial restructuring commitee
UAE Vice President and Prime Minister and Dubai Ruler Sheikh Mohammed bin Rashid Al Maktoum has ordered the formation of a committee to oversee the financial restructuring of companies in the country. The resolution follows the introduction of a bankruptcy …
( read original story …)
Emaar Properties : Abu Dhabi advance while region dips
Dubai: Dubai dropped 0.3 per cent yesterday as financial and construction stocks weighed on the index while Abu Dhabi gained 0.2pc with support from consumer and telecoms stocks. Emaar Properties closed 0.5pc up after finishing near a 20-month low on Sunday.
( read original story …)
Obtaining a Dubai Visa Residency for Property Owners
Dubai features among the top cities in the world for expatriates owing to better job opportunities, earning potential, world-class healthcare facilities, safety, security and the quality of life that it offers. It is for this reason that instead of living …
( read original story …)
Abu Dhabi: Total Consolidates Its Strategic Partnership with ADNOC by Being Awarded Participating Interests in Two New 40-Year Offshore Concessions on Umm Shaif & Nasr (20% …
PARIS–(BUSINESS WIRE)–Regulatory News: Total (Paris:FP) (LSE:TTA) (NYSE:TOT) has signed two new 40-year concession agreements with the Supreme Petroleum Council of the Emirate of Abu Dhabi (United Arab Emirates) and the Abu Dhabi National Oil Company …
( read original story …)