Federal prosecutors claim Amanat conspired to manipulate KIT Digital’s shares while defrauding investors in a hedge fund, Maiden Capital. The goal, to prop up Enable Invest, didn’t work out. The Dubai-based fund collapsed, as did Maiden Capital.
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Price of Dubai gold drops, will the fall continue?
Dubai gold prices in Dubai are Dh154 for 24-karat and 22 … two policymakers said on Friday. Hedge funds and money managers cut their net long positions in COMEX gold contracts for the sixth straight week, in the week to Oct 24 …
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National Bonds challenges UAE’s ‘financial advice dilemma’ with new investment app
Dubai-based investment company National Bonds is moving into the financial advisory space with a new digital app offering low-cost investment options, its chief executive has revealed. The company plans to challenge poor advice, offered by UAE financial …
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UAE Ministry of Finance Announces Executive Regulation for Federal Decree-Law No. 8 of 2017 on Value Added Tax
The UAE Ministry of Finance has announced the Executive Regulation for the Federal Decree-Law No. (8) of 2017 on Value Added Tax at a Cabinet meeting on 7 November 2017, headed by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime …
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Dubai bank Emirates NBD begins operations in India
Dubai’s biggest bank Emirates NBD has started operations in India with the opening of its first branch in the city of Mumbai. The Mumbai branch, located in Maker Maxity, Bandra Kurla Complex, marks the bank’s fifth international branch outside of its …
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Dubai’s biggest bank launches operations in India
Emirates NBD, Dubai’s biggest bank, on Tuesday said it has started operations in India with the inauguration of its first branch in the country’s commercial centre, Mumbai. The Mumbai branch marks the bank’s fifth international branch outside of its …
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Dubai off-plan property sales on the rise
The off-plan property sales now account for more than half of total real estate transactions in Dubai, UAE, for the first time since 2008, according to a report by fäm Properties, one of Dubai’s largest real estate brokerages. While the gap between off …
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The dark side of off-plan property buying
Buying off-plan property in Dubai is attractive, but this shouldn’t be an off the cuff decision. Property prices are not cheap at all, and many would-be buyers are now turning to off-plan purchases on the premise or even the promise that the deal could …
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FIA to probe 100 Pakistanis who bought properties in Dubai
The FIA, during an inquiry, had found that 96 individuals, who are Pakistani nationals, were allegedly in possession of properties in Dubai-Reuters ISLAMABAD: The Federal Investigation Agency (FIA) has decided to probe 100 persons who had invested in …
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Woman dies after being hit by car in Sharjah
Sharjah: A 63-year-old woman has died after being hit by a speeding car while crossing the road in Sharjah’s Al Majaz 3 area, according to Sharjah Police on Tuesday. The incident happened at around 7:50pm on Monday, police said. The Pakistani woman was …
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French minister on Macron’s UAE visit
Paris: The upcoming visit of French President Emmanuel Macron for the grand opening of Louvre Abu Dhabi on November 11 demonstrates the … the French minister said in a statement to state news agency, WAM, ahead of the opening of the landmark museum.
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Dubai Safari ticket pricing revealed
Dubai: Ticket rates at soon-to-open Dubai Safari will range from Dh20 to Dh30 for children and Dh50 to Dh85 for adults, Gulf News can exclusively reveal. Children below three, adults above 60 and people of determination (special needs) will enjoy the visit …
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Trump could let the UAE buy F-35 jets
It’s not a ‘yes’ yet, but I’m pretty sure it’s going to happen once the dust settles,” a former Pentagon official told Defense News. He was referring to the ongoing dispute between the UAE, Saudi Arabia and Bahrain with Qatar ― a rift the …
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Abu Dhabi Crown Prince receives Hariri
Abu Dhabi, Nov 7 (IANS/WAM) Abu Dhabi Crown Prince and Deputy Supreme Commander of the UAE Armed Forces, Sheikh Mohamed bin Zayed Al Nahyan, on Tuesday received Lebanon’s outgoing Prime Minister Saad Al Hariri. The two sides discussed the brotherly …
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Abu Dhabi crown prince receives Lebanon’s outgoing PM Hariri to discuss ties
to discuss the “brotherly relations between the two countries,” UAE state news agency WAM reported. Sheikh Mohamed, also the deputy supreme commander of the UAE armed forces, discussed with Hariri also the current developments in Lebanon and the region.
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France’s Macron, Arab leaders to inaugurate Louvre Abu Dhabi
ABU DHABI, United Arab Emirates — French President Emmanuel Macron will be joining Arab leaders to inaugurate the new Louvre Abu Dhabi. The new museum in the capital of the United Arab Emirates will host the officials on Wednesday evening. The museum …
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UAE Could Become the First Middle Eastern Country After Israel to Get the F-35
On Nov. 4, 2017, Defense News reported that experts and insiders had made clear that the UAE had a continued desire to buy F-35s, in spite of the United States’ repeated rejections of its requests. The Gulf country has been seeking a preliminary briefing …
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