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Month: December 2018

Posted on 27/12/2018

Happy New Year: No fee hikes, new taxes in UAE

The UAE Ministry of Finance has affirmed that no new fees or additional taxes would be introduced in the coming years. The Ministry of Finance has also confirmed that the government plans to spend mor…
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Posted on 27/12/2018

Shares in GFH Financial continue rebound, analyst says “stock is oversold”

GFH was the most actively-traded stock on the Dubai market, as company’s shares rise for second day in a row Shares in GFH Financial Group rose for the second session in a row on the Dubai Financial M…
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Posted on 27/12/2018

Dubai’s penny stocks see mild traction

witnessed buying in the last hour of trade in Dubai, led by a Gulf Finance House (GFH) recovery after traders saw positive movement in US futures. GFH closed more than 5 per cent higher to end at …
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Posted on 27/12/2018

UAE Minister of Finance, Bahraini counterpart discuss mutual cooperation

H.H. Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and Minister of Finance, and Sheikh Salman bin Khalifa Al Khalifa, Bahraini Minister of Finance, have discussed cooperation between the …
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Posted on 27/12/2018

UAE: ICO Regulations by Mid-2019 Could Propel the Country’s Cryptocurrency Ecosystem

Notably, the SCA will work with the Abu Dhabi Securities Exchange and Dubai Financial Market towards the development of trading platforms for ICOs in 2019. Andrea Bonaceto, CEO of Eterna Capital, shar…
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Posted on 27/12/2018

UAE expat poll shows dissatisfaction with financial advice

Just as the UAE’s finance ministry launches new regulations, a poll of expatriates has revealed 32 per cent don’t trust IFAs. The CFA Institute study centred on the trustworthiness of financial adviso…
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Posted on 27/12/2018

UAE reopens embassy in Damascus, Syria

On Thursday afternoon, UAE’s charge d’affaires Abdul-Hakim Naimi visited the embassy and witnessed his country’s flag being raised again on the compound in central Damascus. In this photo released by …
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Posted on 27/12/2018

UAE to reopen its embassy in Damascus, Syrian state media say

The United Arab Emirates is set to reopen its embassy in Damascus on Thursday, the Syrian Information Ministry said, a move that would mark a big diplomatic boost for President Bashar al-Assad from an …
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Posted on 27/12/2018

UAE reopens Damascus embassy after seven years

Damascus (AFP) – The United Arab Emirates reopened its embassy in Damascus Thursday, the latest sign of efforts to bring the Syrian government back into the Arab fold. The UAE broke ties with Syria in …
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Posted on 27/12/2018

UAE Reopens Syria Embassy, in Boost for Assad

DAMASCUS/DUBAI (Reuters) – The United Arab Emirates reopened its embassy in Damascus on Thursday, marking a big diplomatic boost for President Bashar al-Assad from a U.S.-allied Arab state that once b…
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Posted on 27/12/2018

Umm Al Qaiwain plans to set up 200MW solar power station

The UAE Federal Electricity and Water Authority (Fewa) has signed an agreement with the government of Umm Al Qaiwain to set up a solar photovoltaic power station in bid to provide clean energy to …
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Posted on 27/12/2018

Dubai princess ‘troubled’: former UN human rights chief

Mary Robinson told BBC radio 4’s Today programme that she had been invited by Princess Haya, the wife of Dubai ruler Sheikh Mohammed bin Rashid Al-Maktoum, to help with his daughter, Sheikha Latifa. L…
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Posted on 27/12/2018

Abu Dhabi Airports hosted the Airports Council International Asia Pacific Regional HR Committee Fall meeting

Abu Dhabi Airports hosted the Airports Council International Asia-Pacific Regional HR Committee Fall meeting at the Gulf Center for Aviation Studies (GCAS) in Abu Dhabi between the 11th and 13th Decem…
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Posted on 27/12/2018

Property in Abu Dhabi: Homes get more affordable in UAE capital

The Abu Dhabi property market has seen sales and rents decrease on average for apartments and villas. Only certain areas in the emirate have seen a significant price change, according to a recent repo…
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Posted on 27/12/2018

Dubai Shopping Festival begins with 12-hour flash sale

The 39-day Dubai Shopping Festival (DSF) opened on Wednesday with a 12-hour flash sale at Mall of the Emirates and City Centres Deira, Mirdif, Ma’aisem, Al Shindagha and My City Centre Al Barsha. “Maj…
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Posted on 26/12/2018

‘Technology is the most secular language in the world’

DUBAI: In order for universities to chart the course of the future, they must include technology in their curriculum. That was the message voiced by the Aligarh Muslim University’s (AMU) alumni during …
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Posted on 26/12/2018

Dubai means business

Dubai attracts not only leisure and medical tourists but also a large number of business travellers from around the world as the emirate is among the world’s 20 most popular cities for business travel …
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