More than 40 per cent of UAE residents are less confident about their financial status than a year ago as concerns surrounding the cost of living and job security increase, according to a new survey. Comparison site Yallacompare’s consumer confidence …
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Bahrain VAT – lessons learned from KSA & UAE
The United Arab Emirates and the Kingdom of Saudi Arabia introduced Value … Camburn also said that “VAT is not only the finance’s responsibility, it involves also other functions such as purchase, sales, IT and legal teams, etc.
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United Arab Emirates shares higher at close of trade; DFM General up 1.83%
Investing.com – United Arab Emirates equities were higher at the close on Sunday, as gains in the Services, Finance & Investment and Banking sectors propelled shares higher. At the close in Dubai, the DFM General gained 1.83%, while the ADX General index …
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Amlak Finance to develop $79m mixed-use project in Dubai
RELATED ARTICLES: Amlak Finance completes first property development in Mirdiff | Amlak Finance records net profits of $2m in Q1 2017 | Amlak Finance renegotiates restructuring terms Sharia-compliant real estate financier Amlak Finance has announced plans …
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UAE Government Expands Relationships With Leading US Hospitals
WASHINGTON, April 16, 2018 /PRNewswire/ — UAE Ambassador to the US Yousef Al Otaiba signed memoranda of understanding (MOU) with leaders from six top US hospitals. The agreements will ensure enhanced medical care for designated Emirati patients and will …
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Freedium Announces First Commodities Backed Digital Stable Currency at Dubai Blockchain Forum
Headquartered in Switzerland with an operational base in Dubai, UAE, Freedium is dedicated to fostering financial inclusion and unleashing the potential of emerging and developing economies starting with the launch of the first commodity backed …
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Meraas and Caesars Entertainment Plan to Bring Caesars Palace to Dubai
The hedge fund run by Ricky Sandler held 7.46 million shares of the homebuilding company at the end of 2017Q4, valued at $471.55 million, down from 8.12 million at the end of the previous reported quarter. Corsair Capital Management Lp who had been …
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Dubai-based firm launches diamond-backed crypto assets
Dubai-based Al Kasir Group has launched three new crypto assets backed by certified diamonds, the company announced on Monday. Al Kasir Group is a joint venture under the private office of His Highness Sheikh Ahmed Bin Obaid Al Maktoum, and operates Al …
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UAE rugby season takeaways: Financial issues have been a running theme of 2017/18
Dubai Rugby Sevens – Winners: Dubai Exiles; Runners up: Jebel Ali Dragons West Asia Premiership- Winners: Jebel Ali Dragons; Runners up: Abu Dhabi Harlequins UAE Premiership Cup- Winners: Abu Dhabi Harlequins; Runners up: Dubai Exiles UAE Premiership …
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China Takes First Step In Paying For Crude Imports In Yuan
Until now, Chinese oil imports were based on FOB benchmarks, with long-term procurement contracts settling off Platts Oman/Dubai or Dated Brent … crude delivery and may in fact at times reduce its hedge efficiency. • A new investment vehicle for …
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‘The Flight Attendant’ is, yes, the perfect airplane read
But one fateful morning in a hotel room in Dubai puts a dead stop to Cassie’s fancy-free lifestyle … the dizzy recollections of a passionate night spent with the hedge fund manager named Alex she met on the flight from New York. Cassie turns to look …
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It’s a girl! Georgia Penna welcomes third child via surrogate
Then the family, who live in Dubai, will fly to Dublin so that the new baby can … However, the proud mother has since sprinkled her Instagram feed with pictures of her twins and hedge fund husband Joe enjoying family life, albeit with the faces of …
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Dubai tycoon Al Habtoor bullish over UAE prospects in 2018
Dubai billionaire Khalaf Ahmad Al Habtoor believes 2018 will be a much better year for businesses in the UAE after a tough year in the previous 12 months. The founding chairman of the Al Habtoor Group acknowledged a challenging 2017 when the business …
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UAE bank guarantees reach $106bn in February
Guarantees provided by the UAE-based banks in February increased to Dh389.4 billion ($106 billion) from Dh388.98 billion in January, with industry reports expecting a further increase in the value of this facility in line with the current mobility recorded …
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Sharjah Islamic Bank launches $500m sukuk
Dubai: United Arab Emirates’ Sharjah Islamic Bank has launched $500 million (Dh1.8 billion) sukuk with a spread set at 150 basis points over mid-swaps, a document from one of the banks leading the deal showed. Initial price guidance for the deal was in …
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Kiwi to head digital strategy at Emirates Bank in Dubai
Leigh Flounders, NZTech board member is appointed head of digital strategy of Dubai bank Emirates NBD. “My move to Dubai, leading digital strategy within the financial services industry provides opportunities for New Zealand technology businesses to …
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$1.14bn in non-resident deposits in UAE Islamic banks in 2018
according to UAE Central Bank figures. According to the Central Bank statistics, at the end of December 2017 the total amounted to AED 12.81 billion ($3.49 billion). The amount of deposits in January and February is a two-year high, which official say is a …
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