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Month: June 2018

Posted on 11/06/2018

Abu Dhabi-based VPS Healthcare said to hire Rothschild on London IPO

VPS Healthcare hired Rothschild & Co to advise on a potential initial public offering in London … A London listing by VPS Healthcare would follow other UK share sales by UAE-based medical firms. Abu Dhabi’s NMC Health Plc has risen just over 1,700 …
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Posted on 11/06/2018

Dubai to waiver late property registration fee

RELATED ARTICLES: Sheikh Hamdan approves DLD restructure | DLD to use Artificial Intelligence to verify Ejari contracts | DLD reviews rental law with retail operators Dubai’s Executive Council has told the Dubai Land Department (DLD) to scrap a fine on …
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Posted on 11/06/2018

Dubai business conditions rebound in May

Business conditions in Dubai recorded a sharp improvement in May – at the fastest pace in 13 months – on the back of increased output and new orders. Key drivers to this upward momentum in the non-oil private business included travel and tourism and …
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Posted on 11/06/2018

Qatar takes UAE to UN’s highest court over blockade

… government of Qatar is taking the United Arab Emirates (UAE) to the UN International Court of Justice over what it described as human rights violations, according to the official Qatar News Agency (QNA). The move on Monday comes a year after the UAE …
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Posted on 11/06/2018

UAE’s Central Bank downgrades 7 exchange houses for money-laundering violations

The Central Bank of the UAE downgraded the licences of seven exchange houses on Monday after the companies violated regulations such as anti-money laundering rules. The exchange houses are now banned from carrying out any transactions related to …
( read original story …)


Posted on 11/06/2018

Dubai Islamic Bank sees huge demand for capital raising plan

Dubai Islamic Bank, the largest Islamic bank in the UAE, has announced a successful closing to its capital raising programme. The issuance of 1.6 billion additional shares at price of AED3.11 per share was announced in April with the aim to boost the core …
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Posted on 11/06/2018

Qatar takes UAE to UN human rights court over blockade

… The government of Qatar is taking the United Arab Emirates (UAE) to the UN International Court of Justice over what it described as human rights violations, according to Reuters news agency. The move on Monday comes a year after the UAE, Saudi …
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Posted on 11/06/2018

Seven UAE exchange houses have licenses downgraded

The UAE Central Bank has downgraded the license of seven exchange houses. The Central Bank said they had violated regulations, including anti-money laundering measures. Based on this decision, the exchange houses will be prohibited from any activities …
( read original story …)


Posted on 11/06/2018

UAE’s Central Bank downgrades 7 exchanges houses for money-laundering violations

The Central Bank of the UAE downgraded the licences of seven exchange houses on Monday after the companies violated regulations such as anti-money laundering rules. The exchange houses are now banned from carrying out any transactions related to …
( read original story …)


Posted on 11/06/2018

UAE Central Bank halts remittances at seven exchanges

The UAE’s Central Bank has downgraded the licences of seven exchange houses for violating regulation relating to anti-money laundering and other areas. The affected companies are prohibited from conducting any activities relating to remittances or …
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Posted on 11/06/2018

Business Analyst (Wholsesale Banking) – ADCB Abu Dhabi Commercial Bank – Dubai Jobs

To provide day to day transactional assistance and service to end users in the development, installation, delivery, maintenance, and issue resolution and provide support in the area of business applications that best meet end-user business processes and …
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Posted on 11/06/2018

Qatar takes UAE to U.N. human rights court over boycott

LONDON (Reuters) – The government of Qatar said it Monday it was taking the United Arab Emirates to the United Nations’ International Court of Justice over what it described as human right violations. The UAE, Saudi Arabia, Bahrain and Egypt imposed a …
( read original story …)


Posted on 11/06/2018

Dubai’s private sector sees strong growth, but hiring remains dull

“New project wins, Expo 2020 and forecasts of robust demand underpinned business confidence,” it said. Dubai’s economic growth slowed last year, with gross domestic product growing 2.6 per cent to Dhs389bn in 2017 compared to a growth rate of 2.9 per …
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Posted on 11/06/2018

Weak rupee sparks NRI interest in Indian property

The slide in the Indian rupee seems to be encouraging non-resident Indians living in the UAE to further invest in their homeland, with lesser dependence on finance, reveals a survey conducted by the organisers of the Indian Property Show. Based on feedback …
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Posted on 11/06/2018

UAE securities regulator examines Abraaj investor impact

UAE’s top securities regulator is working with the Dubai Financial Services Authority (DFSA) to ascertain whether local investors have been affected by the financial woes of private equity firm Abraaj, the watchdog said on Sunday. These are the first …
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Posted on 11/06/2018

UAE FTA urges registrants to ensure data confidentiality

The Federal Tax Authority (FTA) has not authorised any third-party entity to request personal or corporate financial or accounting data from businesses registered with the Authority for tax purposes. There have recently been several instances where …
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Posted on 11/06/2018

Noor Dubai Foundation fights visual impairment in Bangladesh

Noor Dubai Foundation recently treated 6,100 people suffering from visual impairment through eye camps in Rajshahi, Bangladesh. A non-profit organisation, Noor Dubai Foundation aims to treat preventable forms of blindness and raise awareness of diseases …
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