In Dubai, the Dubai Financial Services Authority (DFSA) too has moved forward with fintech regulation, launching in May the Innovation Testing Licence (ITL). The new class of financial services license allows fintechs to develop and test innovative concept …
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Gulf rift threatens air travel disruption across the Middle East and beyond
DUBAI — Air travel across the Gulf region and beyond faces … Last year, its parent company published financial results for the first time. These showed a net profit of 1.6 billion riyals (US$439 million) for the year to March 31, 2016, up from the …
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UAE one of the easiest places in the world for accounting and tax
“Companies operating in the UAE and those looking to enter should prepare for the change now – and this is where working with in-country experts who understand the local requirements for financial compliance can be very beneficial.” Key factors that …
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Almost half of UAE respondents believe salaries are increasing in the UAE
Around 23 per cent of UAE respondents make financial investments on a regular basis, and 32 per cent already own their home. Among those who do not own a home, 43 per cent are interested in owning a home in their country of residence, and 64 per cent would …
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Dubai Financial Services Authority Launches Innovation Testing Licence For FinTech Firms
The Dubai Financial Services Authority (DFSA) has today announced that it will allow financial technology (FinTech) firms to apply for a class of financial services licence referred to as an Innovation Testing Licence (ITL). This initiative signals the …
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UPDATE 1-Banks in Saudi, UAE receive no regulatory guidelines on Qatar -sources
In contrast, some Egyptian lenders halted business with their Qatari counterparts on Monday. The UAE central bank did not immediately respond to a Reuters request for comment, while a spokesman for the Saudi central bank said it had no statement on the matter.
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Some Egyptian banks halt dealings with Qatari banks after rupture
UAE Central Bank yet to issue guidelines to banks on Qatar The United Arab Emirates central bank has so far not issued any guidelines to banks about their dealings with Qatar, a source familiar with the matter said on Monday. The UAE, Saudi Arabia …
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UAE central bank yet to issue guidelines to banks on Qatar – source
DUBAI The United Arab Emirates central bank has so far not issued any guidelines to banks about their dealings with Qatar, a source familiar with the matter told Reuters on Monday. The UAE, Saudi Arabia, Egypt and Bahrain cut diplomatic and transport ties …
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To the infinity pool and beyond: New hotel opens in Dubai with the most Instagram-worthy sun-loungers in the city
this marks the first international property for Dukes under the Dukes Collection umbrella.’ Dukes Dubai consists of 279 guestrooms, including 64 suites, a ladies-only Liberty Duchess floor featuring 20 rooms furnished exclusively by Liberty Fabrics …
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UAE supports statements of Bahrain and Saudi Arabia on Qatar
Abu Dhabi: The United Arab Emirates has issued the following statement: “The UAE affirms its complete commitment and support to the Gulf Cooperation Council and to the security and stability of the GCC States. Within this framework, and based on the …
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UAE, Egypt join Saudi Arabia and Bahrain in cutting ties with Qatar
DUBAI, United Arab Emirates – Four Arab nations cut diplomatic … The decision comes after Qatar alleged in late May that hackers took over the site of its state-run news agency and published what it called fake comments from its ruling emir about Iran …
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Saudi, UAE, Bahrain, Egypt cut ties with Qatar over terrorism
Emirates airline to suspend all flights to Qatar beginning Tuesday until further notice; last flight from Dubai to Doha will depart at 2.30am on Tuesday. US Secretary of State Rex Tillerson and Defence Secretary Jim Mattis meanwhile said they did not …
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The Latest: Dubai carrier FlyDubai cancels flights to Qatar
Dubai’s budget carrier FlyDubai says it has canceled its flights … The dispute between Qatar and the Gulf’s Arab countries started over a purported hack of Qatar’s state-run news agency. It has spiraled since. 9:35 a.m. The Abu Dhabi-based airline …
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UAE May non-oil business growth falls as output expansion slows
DUBAI – Business growth in the United Arab Emirates’ non-oil private sector fell to a six-month low in May as output growth slowed, a survey of companies showed on Monday. The seasonally adjusted Emirates NBD UAE Purchasing Managers’ Index, which covers …
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Factors to watch – June 5
DUBAI, June 5 (Reuters) – Here are some factors that may affect … rise to $31.126 bln at end-May SAUDI ARABIA * Saudi Aramco warned by lawyers on New York IPO litigation risks -FT * Saudi Aramco raises July Arab Light OSP to Asia UNITED ARAB EMIRATES …
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Kuwait picks EY to value stock exchange for potential listing-sources
DUBAI, June 4 Kuwait has picked accounting firm EY to do a valuation of its stock exchange, sources familiar with the batter told Reuters on Sunday. The country has been considering an initial public offering of its stock market for years, but political …
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UAE, Saudi Arabia and Bahrain cut off relations with fellow Gulf state Qatar
Saudi Arabia, the UAE, Bahrain, Oman and Qatar form a regional alliance known … and the denial of all previous commitments.” Qatar ‘fake news’ spat divides Arab media The Saudi Press Agency said the Saudi government would also reach out to its allies …
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