Passively earned interest from bank deposits or dividend income cannot have VAT applied, the UAE Federal Tax Authority said on Tuesday. The government body said the income was “outside the scope of VA…
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World Bank to establish UAE office in Abu Dhabi Global Market
Dubai: The World Bank will be establishing its office in the Abu Dhabi Global Market (ADGM), the International Financial Centre on Al Maryah Island, it has been announced. An agreement to set up …
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Citigroup sees Saudi, UAE as top Mideast markets for deals this year: executive
ABU DHABI (Reuters) – Citigroup expects the majority of investment banking opportunities in the Middle East to come from Saudi Arabia and the United Arab Emirates this year, said Miguel Azevedo, Citig…
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World Bank says to set up office in Abu Dhabi’s ADGM
The World Bank has announced it will be establishing its regional office in Abu Dhabi Global Market (ADGM), Abu Dhabi’s financial hub. Serving as the World Bank’s platform in the UAE, the new bureau w…
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Opinion: The UAE continues to shine as a beacon of leadership, progress and diversity
As we face 2019, a year ahead of the milestone Expo 2020, the UAE stands as a role model of success and prosperity, not just to the region, but to the rest of the world. The Emirates that today make u…
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Imkan to turn Abu Dhabi park into an open-air green space
UAE-based property developer Imkan said it has joined hands with Abu Dhabi Municipality to help transform the formerly walled Khalidiya Ladies park into an open-air, accessible, multi-dimensional gree…
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Dubai to build solar-powered desalination plant
Dubai will seek partners this year to build its first solar-powered desalination plant as the emirate tries to diversify away from burning fossil fuels to increase its water supply, the head of the Du…
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Dubai Planning Large-Scale Solar Powered Hydrogen Production
Something you hear frequently if you are a clean tech aficionado is that excess solar and wind power can be used to split water into oxygen and hydrogen. The Dubai Supreme Council of Energy, the …
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Dubai plans first solar-powered desalination plant, says Dewa exec at WGS
Chief executive officer Saeed Mohammed Al Tayer talks about plans to build Dubai’s first solar-powered desalination plant. Image Credit: File photo Dubai: Dubai will seek partners this year to …
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Three reasons why Dubai property market will likely rebound after two years
Expo 2020 boost: Real estate investment management experts JLL expect the Dubai property market to hit bottom in 2021, with the city getting a lift from the World Expo 2020, which is expected to host …
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UAE introduces Hindi as third official language
The landmark decision undertaken by the judicial department will benefit a major chunk of workers, who mostly come from Hindi speaking regions of central and north India, Gulf News reported. On a posi…
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Finablr to go public next month, to be listed on…
However, we don’t know the size of the IPO. We expect a very good response because we have a very good track record,” B.R. Shetty said on the sidelines of a conference in Dubai. He disclosed that JPMo…
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Abu Dhabi’s ADNOC inaugurates first service stations in Dubai
The celebrations come a month after the Dubai service stations were opened; a move that fulfilled one of ADNOC Distribution’s commitments as part of its IPO in December 2017. At the time the …
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Uber to introduce new lightweight app for Middle East
Dubai: Uber will soon launch its latest product … drive into the region ahead of its landmark initial public offering (IPO) later this year. Facing stiff competition from local rival Careem …
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Saudi Alhokair’s mall unit files for IPO, offering in second quarter: sources
Entornointeligente.com / DUBAI/RIYADH (Reuters … Arabian Centres Company, which has applied for an IPO with the Capital Market Authority, is eyeing a listing between April and June, said four source…
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Amanat names new chief executive as company eyes expansion
He launched Investcorp’s first Middle East-focused fund. In 2014, Amanat was created out of a greenfield IPO on the Dubai stock market. The company raised Dh2.5 billion, including from 37 prominent fo…
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Saudi Alhokair’s mall unit files for IPO, offering in Q2
DUBAI/RIYADH, Jan 21 (Reuters) – Saudi Arabia’sFawaz Alhokair Group plans to offer shares in its shopping malls business in Riyadh in the second quarter of this year, sources told Reuters on Monday. A…
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