Our security staff is specifically instructed to monitor every activity around your property and make use of all proven means to ensure your safety and prosperity in Dubai’s busiest lifestyle.
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Xiaomi opens its second Mi store in Dubai with over Dh3m investment
Dubai: Chinese technology company, Xiaomi, is focusing on brick and mortar stores to boost its sales after suffering setbacks at the hands of local competitors over the past two years. The firm was the top seller in China in 2014 and 2015 but lost ground …
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Dubai fund invests in US farming tech start-up
Investment Corporation of Dubai (ICD), the emirate’s investment arm, has completed a major investment in US-based farming technology start-up Indigo Agriculture. The Dubai fund was the largest investor in its Series D funding round which raised a total of …
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UAE looks to Mars for STEM inspiration
It’s all part of a plan to stimulate the nation’s science industries and boost its STEM (science, technology, engineering and math) credentials. “Our primary target is having education and outreach,” says Sarah Amiri, UAE minister of state for advanced …
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Mohammad Bin Zayed receives defence technology CEO
His Highness Shaikh Mohammad Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, received Dr. Thomas Kennedy, Chairman and CEO of Raytheon, a technology and innovation leader specialising in defence …
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U.S. defense giant Raytheon sets up subsidiary in UAE capital
DUBAI, Dec. 7 (Xinhua) — U.S. defense and technology firm Raytheon Company said on Thursday that it has formed Raytheon Emirates, a new and wholly-owned subsidiary headquartered in the capital of the United Arab Emirates (UAE). New York-stock listed …
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Canada 150 fest in UAE winding up with two-day event
Masoud Hussain, Canadian Ambassador to the UAE, told Gulf News in an earlier statement, “Canada’s 150th anniversary is an occasion to strengthen the ties that unite Canadians of all backgrounds, to think about what it means to be Canadian and to …
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UAE ‘disappointed’ over inclusion in EU tax blacklist
The United Arab Emirates on Thursday said it was “surprised and disappointed” over its inclusion on a European Union tax haven blacklist. “We remain fully committed to maintaining the highest international standards of financial oversight and tax …
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UAE ‘surprised and disappointed’ to be included on EU list of non-compliant tax jurisdictions
Abu Dhabi: The UAE Government has issued a statement expressing its surprise and disappointment that it has been included by the European Union in a list of non-compliant tax jurisdictions. In the statement, the UAE highlighted its full commitment to …
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UAE ‘surprised’ at inclusion in EU tax-haven blacklist
The UAE government said it’s “surprised and disappointed” to be included on a European Union list of non-compliant tax jurisdictions, according to Undersecretary of Finance Yousef Haji Al-Khouri. The UAE government said it’s “surprised and …
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9 tips for safer online shopping in the UAE
“Providing a seamless customer experience and secure banking environment are the two key challenges facing financial institutions today,” says Som. Growth in e-commerce comes as digital becomes the future in the UAE. Mobile phone penetration is now at …
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A Fintech spinoff looks to change the way we bank and eat
First reason is the growth of Islamic banking. A recent survey from Emirates Islamic Bank showed that about 52 per cent of UAE consumers have an Islamic banking product now, compared to 47 per cent consumers in 2015. “The results of this year’s Islamic …
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Dubai wealth managers dismiss UAE inclusion in EU tax haven blacklist
UAE wealth managers said a move by the European Union to include the Emirates in a black list of 17 global tax havens is not credible and likely to have a negligible effect on the banking industry which has in recent years intensified efforts to clamp down …
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Mashreq Bank Appoints New Group Head of Risk Management
Mashreq Bank, the UAE’s leading financial institution, announced the joining of Arif Usmani as the Group Head of its Risk Management. A graduate of the Imperial College of London, Usmani started his banking career in 1981 and spent more than three …
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UAE’s Federal Tax Authority announces full VAT supplies list
The UAE Cabinet is expected to issue a decision to identify the government bodies and non-profit organisations that are not subject to VAT. The below table outlines all supplies that will be subject to the 5% Value Added Tax, as well as zero-rated supplies …
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UAE must do more on transparency to get off tax blacklist -EU envoy
The governments of the UAE and Bahrain did not respond to Reuters requests for comment on Wednesday. A banking industry consultant, who declined to be named, said the EU was concerned about some of the UAE’s many free trade zones, which attract foreign …
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UAE Central Bank gold holdings top $307 million
The UAE Central Bank’s reserve of gold bars amounted to Dh1.129 billion ($307.3 million) by the end of October 2017, a growth of 11.2 per cent from Dh1.015 billion by the end of 2016. The month of April 2017 saw the Central Bank resuming gold holdings …
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