The Abu Dhabi Executive Committee has approved a proposal to reduce … chairman of the Committee, reported Emirates news agency Wam. The Committee also sanctioned a proposal to reduce municipality fees for hotel rooms from Dh15 ($4) to Dh10 ($2.7) per …
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Dubai Islamic Bank : DIB capital raising piques investor interest
The nearly three times subscribed issuance generates more than 50 per cent interest from foreign institutional investors Dubai Islamic Bank, the largest Islamic bank in the UAE announced a highly successful closing to the banks capital raising. The …
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UAE’s NBF looks to set up debt programme to fund growth plans
The National Bank of Fujairah, which counts the emirate’s government and Investment Corporation of Dubai among its shareholders, plans to set up a debt programme and regularly tap international capital markets from next year to fund future growth.
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UAE announces new visa rules for residents, jobseekers and tourists
The UAE is among the ten most competitive countries in the world and our goal is to remain a top destination for ease of doing business, through an agile economy based on flexibility and openness. A strong economy drives us as a nation to be among the …
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The UAE’s new arbitration law: How will it impact investors?
Moreover, the UAE will send a clear message to the business world that it has the legal and regulatory framework to support the positive investment environment. However, as in any legal system, uncertainties always remain when a new law is introduced.
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Dubai offers tourism pass discount
Dubai is offering a 15 per cent discount on a new pass allowing tourists to visit key attractions for a fixed price in partnership with ride firm Uber. The discount is available from June 14 until July 12 and will apply to both the pass itself and six Uber …
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UAE- How new technology disrupts outsourcing
(MENAFN – Khaleej Times) In today’s digitalised world, where excellence is based on the ability of an organisation to achieve targets on a minute scale, there is growing evidence to suggest that outsourcing essential services is the way to go. Although …
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RAK Bank to offer Sage VAT accounting software to business customers
Through this partnership, RAK Bank’s business customers can benefit from Sage accounting software at preferential rates. This will enable the bank’s customers to manage their valued-added tax (VAT) compliance requirements. RAK Bank is one of the UAE …
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Dubai Crown Prince announces cut to restaurant and hotel fees
To enhance the attractiveness of Dubai as an investment destination to potential investors and to reduce the cost of doing business, Sheikh Hamdan bin Mohammed, the Crown Prince of Dubai, has ordered the municipality fees for restaurants from 10 percent …
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UAE Cabinet approves new labour insurance system to replace bank guarantees for workers
Sheikh Mohammed said the new legislation will support the UAE’s goal of remaining in the the highest global rankings in the ease of doing business, through an attractive economy based on flexibility, openness and in line with changing trends. #UAE cabinet …
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How new technology disrupts outsourcing
For instance, there is the growing worldwide adoption of innovative technologies, such as augmented reality, virtual reality, blockchain, artificial intelligence (AI) and machine learning. In the UAE, the uptake of these technologies is driven by the …
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Abu Dhabi to more than double expat rent tax for some tenants
The increase comes at a bad time for landlords with Abu Dhabi rents and property prices already under pressure over the last year and a half due to the depressed job market and new supply. A first quarter report by real estate firm Asteco showed apartment …
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Sharjah woos tourists with its iconic mosques
The mosques of Sharjah are distinctive for their eye-catching aesthetic architecture and the tourism authorities are wooing the visitors with a new focus on these beautiful monuments. Tourists and believers alike visit Sharjah for the tranquil and …
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eBay partners with Dubai billionaire for Middle East sales
DUBAI (Reuters) – ebay Inc will sell products on a relatively new Middle Eastern e-commerce venture, founded by a Dubai billionaire, from the second half of this year, the venture said on Tuesday. eBay has agreed to list popular products from the United …
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Dubai’s Noon expands with eBay tie-up to rival Amazon-backed Souq.com
Noon, the $1 billion e-commerce venture backed by a Dubai businessman and Saudi Arabia’s sovereign wealth fund, is expanding globally via a partnership with eBay amid competition with Amazon-backed Souq.com The tie-up, which will allow regional customers …
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UAE to host top space industry show amid Mars ambition
… the UAE a global hub for space technology,” he added. The biannual SpaceOps conference has been held globally since 1990. The Mohammed Bin Rashid Space Centre joined the SpaceOps committee in 2015 and regularly represents the UAE in SpaceOps meetings.
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LogRhythm adds UAE NESA standards to NextGen SIEM
The UAE-NESA standards consists of 188 security controls which are divided into two families, management and technical security controls. “LogRhythm’s technology will enable NESA to enhance security workflow with robust case management and automation …
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