ABU DHABI/HONG KONG (Reuters) – Abu Dhabi’s sovereign wealth fund … One such asset sale — a $1.7 billion Bandar Malaysia property deal that was executed as part of the rationalization plan — collapsed in May. As part of the agreement with IPIC, 1MDB …
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Top Chinese magazine attacks fugitive tycoon over Abu Dhabi deals
Monday’s cover story claimed Guo borrowed US$1.5 billion from the Abu Dhabi backers in 2014 to inject into their … although most of the property and stocks were already pledged to his Chinese creditors. And instead of investing the money in “financia …
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Azizi, Dubai Land Department to promote property to Asia investors
Dubai-based real estate developer Azizi Developments and the Dubai Land Department (DLD) have joined forces to promote Dubai’s real estate sector to foreign investors in India, Pakistan and China. The two entities will host a series of property roadshows …
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Now You Can Transfer DEWA Account from One Property to Another
Additionally, customers can transfer their deposit and data, when moving from one property to another, within Dubai, by submitting an Ejari contract, without the need to submit any additional documents, or visit DEWA offices. The new service enables …
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Shifting houses within Dubai? No need to pay fresh Dewa deposit
Customers can transfer their deposit and data, when moving from one property to another, within Dubai, by submitting an Ejari contract, without the need to submit any additional documents, or visit Dewa offices. The new service enables customers to …
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Dubai’s DEWA allows movers to activate utilities without visiting its offices
Under the ‘move to’ service, all residential, commercial and industrial customers can transfer their current DEWA account, deposit and data from one property to another within Dubai by just submitting an Ejari contract. No other documents are required …
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At Dubai’s new market, this fish cutter is a role model
Dubai: In 2008, Abdul Raheem quit his fish cutting job at the … so much so that he had to sell his property units back home to get his business back on track. “Initially, I did well, but like all businesses you have your share of highs and lows.
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Gemini Group, SPF Realty join hands to promote projects and attract foreign investment into Dubai
Gemini Property Developers, a boutique real estate developer, has signed long term agreement with SPF Realty, Dubai’s leading real estate brokerage firm, to market and sell Gemini projects in and outside the UAE. Over the years, SPF Realty, with a proven …
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Deyaar launches blood donation campaign
DUBAI: Deyaar Development, a leading property developer, has launched a blood donation drive in collaboration with Dubai Blood Donation Centre. The first blood drive has already been held at the company’s headquarters in Al Barsha, and the second follows …
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SPF Realty to market Gemini projects
Gemini Property Developers, a boutique real estate developer in the UAE, has signed a long-term agreement with SPF Realty, a leading real estate brokerage firm in Dubai, to market and sell Gemini projects in and outside the UAE. The arrangement covers the …
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Dubai’s DFSA launches crowdfunding framework
The Dubai Financial Services Authority (DFSA) has today launched its regulatory framework for loan and investment-based crowdfunding platforms, the first such framework in the GCC countries. The regime forms part of the DFSA’s regulatory roadmap to …
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Sharjah partially closes road intersection
Dubai: If you’re driving around the city of Sharjah, watch out for partial road closures near the airport. The Roads and Transport Authority (RTA) in Sharjah have started carrying out maintenance works on the Sharjah – Al Dhaid Road, near Sharjah …
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UAE issues new tax procedures law ahead of VAT
UAE Minister of Finance and FTA chairman. It is an “all-encompassing legislative framework that lays the groundwork for the UAE’s plan to implement taxes as a means to ensure sustainability and diversify the government’s revenue streams,” he said.
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UAE President issues new Tax Procedures Law
UAE Minister of Finance and FTA Chairman. “The Law, issued by Shaikh Khalifa is an all-encompassing legislative framework that lays the groundwork for the UAE’s plan to implement taxes as a means to ensure sustainability and diversify the government …
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UAE- Al Adil enters e-commerce fray
The UAE’s leading brand for Indian foodstuff launched its online … Period. My interests are Economics, Finance and Information Technology. Prior to joining Khaleej Times, I have worked with some leading publications in India, including the Economic …
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ASIC signs agreement with UAE regulator to support fintech expansion opportunities
The Australian Securities and Investments Commission (ASIC) has signed an agreement with the United Arab Emirates’ Abu Dhabi Global Market (ADGM) Financial Services Regulatory Authority (FSRA), which outlines how both nations will collaborate to support …
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Shuaa Capital buys stake in Amwal International
Dubai: Shuaa Capital said on Monday it has acquired an 8 per cent stake in Kuwait-based Amwal International Investment for an undisclosed sum. Shuaa now owns 14.49 million shares in Amwal International. Furthermore Gulf Finance Corporation, a Shuaa Capital …
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