A week away from reporting the third quarter results, bankers and anlysts have indicated that the profits for the sector is under pressure from rising non-performing loans linked to COVID-related job …
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Abu Dhabi’s ADIA to invest $750m in Mukesh Ambani’s retail unit
A unit of Abu Dhabi Investment Authority will invest INR55.1bn ($750m) in Reliance Industries Ltd.’s retail arm, as billionaire Mukesh Ambani continues to …
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Trump administration’s proposed F-35 sale to UAE hits snag
The Trump administration proposal to sell the F-35, the world’s most advanced and sophisticated stealth warplane to the United Arab Emirates, the UAE, is facing turbulence.
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Dubai Developers’ Slip From Stars to Duds Deepens in Homes Glut
Dubai real estate stocks were once the stars for investors betting on the city’s booming economy. But their fall from grace has been spectacular and seems set to continue, given an abundance of unsold …
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Dubai shuts down brokerage office, fines 8 businesses for violating COVID-19 rules
The violations were spotted in businesses located in Al Muraqqabat, Naif, Ayal Nasir, and Al Thanyah First areas …
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Renew expired residence visas in Dubai by October 10 or incur fines
Dubai residents, whose visas expired between March 1 and July 12, have only until October 10 to renew their visas or exit the country. After the deadline, overstay fines will apply, according to Amer …
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The rise and fall of Sharjah, Cricket’s el Dorado
The Sharjah Cricket Stadium has been in the news this IPL season for the six-hitting orgies that matches played here have become, with scores of 200-plus commonplace.
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Coronavirus threatening expat exodus from the UAE
Both of them used to work for the travel industry but lost their jobs due to the economic fallout of the coronavirus pandemic. Despite their best efforts they could not find any new employment …
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The Unemployed Trader Who Became a $700 Million Exile
When Sanjay Shah lost his job during the financial crisis more than a decade ago, he was one of thousands of mid-level traders suddenly out of work.
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Sanjay Shah: The unemployed trader who found himself in a $700-mn exile
Sanjay Shah’s dividend-trading fund made him rich but reviled.Fueling his ascent were what he maintains were legal, if ultimately controversial, Cum-Ex trades …
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British businessman Sanjay Shah amasses $700 million in exile. Here’s all you need to know about him
Here’s a look at the key details of Sanjay Shah’s profile who has been accused of dividend tax fraud in Denmark since 2015, which caused the country loss of 12.7 billion krone ($2 billion).
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UAE Foreign Minister Emphasizes Return of Hope to Palestinians and Israelis to Work for Two-State Solution: WAM
The United Arab Emirates’ foreign minister said on Tuesday, in a joint statement with Israeli and German counterparts, that the most important thing that must be emphasized today is the return of hope …
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Top Israeli, UAE diplomats meet in Berlin for talks
The foreign ministers of the United Arab Emirates and Israel met in Berlin on Tuesday for talks that Germany hopes will strengthen nascent ties between the two nations and bolster broader Middle East …
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Dubai studying Covid-related emissions decline for future case scenarios
Dubai is studying the reduction in emissions seen during the Covid-19 movement restrictions, in order to create a baseline for future curbs on greenhouse gases. The emirate, which reduced carbon …
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UAE’s Al Naboodah to tie up with Israeli VC OurCrowd on technology
Israeli venture investment firm OurCrowd signed a memorandum of understanding with Phoenix, a business development company, to increase business and technology ties between Israel and the United Arab …
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Nine elderly motorists honoured in Sharjah for zero traffic offences
Sharjah police have honoured nine elderly motorists for having kept a clean traffic record. Police said that they did not commit any traffic offence since they started driving. The ceremony was held …
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Sharjah Airport Authority launches initiative to Emiratise technical jobs
Sharjah Airport Authority remains keen to ensure that Emiratisation is at the core of its operational and development strategy …
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