Law360, London (June 22, 2018, 9:15 PM BST) — The top appeals court for U.K. overseas territories has dismissed claims that Investcorp Bank BSC breached an agreement with a Dubai-based businessman who lost out when a series of leveraged hedge fund …
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Going solar for the future
Besides reducing electricity bills, residents are encouraged to take advantage of Dubai’s cheap solar energy to contribute to providing a cleaner environment by installing solar panels in their properties. The Dubai Electricity and Water Authority (Dewa …
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UAE Central Bank’s fees cap may push lenders to raise interest rates
The UAE’s Central Bank decision to cap fees and commissions on select banking services may drive some lenders to raise interest rates to cover their risk, banking analysts said. The regulator’s move will mainly affect retail banks, who may see an …
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Revealed: what the new UAE bank fee changes actually are
While credit card and home loan customers will benefit from the bank fees overhaul by the UAE’s Central Bank, some borrowers will lose out, according to analysts who have seen the Amendment circular detailing the changes. Of the 43 capped fees on retail …
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Has your UAE bank added the new fee cap to its website?
The Central Bank of the UAE (CBUAE) has made a significant move to eradicate injustice by setting a maximum limit on fees and commissions charged by the banks. Brought into effect on Tuesday, June 19, expatriates and entrepreneurs living and working in the …
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Here’s what you need to know about the new UAE banking fee regulations
Between all the interest rates, car repayments and hidden charges, it can all be a bit much. Thankfully, the UAE Central Bank has announced that it will be placing new caps on the certain fees that banks and other lenders can charge their customers in the …
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UAE cbank sets new caps on banking fees
The UAE Central Bank (CBUAE) has announced new maximum limits or ‘caps’ for fees or commissions charged on retail customer service in a move to protect consumers against arbitrary levying for various services, a media report said. The fee caps apply to …
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Over 5,000 people involved in UAE grade 12 exam leak
Next Story New banking law announced in UAE YOU MAY LIKE Sponsored Links by Microsoft Office 365: Buy yearly, get 12 months for the price of 10 Microsoft Office 365: Buy yearly, get 12 months for the price of 10 Microsoft Office 365: Buy yearly …
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Bank of Sharjah: A partner you can trust
Over the decades, the bank has grown significantly and plays a crucial role in empowering the emirate of Sharjah as a leading contributor to the UAE Federation, which has boosted growth in the region. With the emergence of the UAE’s stock markets …
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Overcast skies for Bitcoin, but Blockchain is taking the UAE by storm
… Blockchain Challenge saw 21 start-ups fly into Dubai from 19 cities – to pitch their best and brightest blockchain ideas – several of which are now being piloted around the city. The National Bank of Dubai (NBD), has become the first bank in the …
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Dubai Police seize counterfeit ink cartridges worth Dh3.2 million
Dubai: Dubai Police have seized counterfeit ink cartridges of printers worth Dh3.2 million and arrested seven suspects. The illegal consignment was seized from an apartment in Naif area, an official told Gulf News. Lieutenant-Colonel Omar Mohammad Bin …
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Abu Dhabi comedy club balances humour with discretion
Abu Dhabi: After making regular trips to Dubai to perform their stand-up comedy routines, two residents in Abu Dhabi decided to start their own comedy club in the capital and, in turn, provide a platform for stand-up comedians in Abu Dhabi to show …
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What To Expect From The UAE’s New Business Ownership Rules
You’re reading Entrepreneur Middle East, an international franchise of Entrepreneur Media. When it comes to starting a business in the UAE, local ownership restrictions are perhaps the number one issue that leaves foreign entrepreneurs scratching their heads.
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UAE- DFSA signs MoU with Astana Financial Services Authority
DUBAI, 21st June, 2018 (WAM) — The Dubai Financial Services Authority, DFSA, today entered into a Memorandum of Understanding, MoU, with the Astana Financial Services Authority, AFSA. The MoU was signed in the Dubai International Financial Centre, DIFC …
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UAE- REST – Does it spell the end of the property broker?
(MENAFN – Khaleej Times) On May 29, the director-general of the Dubai Land Department, Sultan Butti bin Mejren, announced the Real Estate Self Transaction (REST) platform. Part of the announcement read “the complete digital management of real estate …
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Blockchain for UAE biz: Transformational blockbuster or ‘slow burn’?
These anomalies still need to be ironed out. For many businesses in the UAE, the answer will be ‘not yet’. Ultimately, there is no doubt that blockchain is a disruptive technology which has the potential to transform industries across the region.
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UAE- Overcoming challenges to develop tech innovation hubs
The focus on innovation has quickly spread in the entire nation and the establishment of technology innovation hubs has become a critical facilitator of the vision. During this year’s UAE Innovation Month, the government launched the Innovation Hub …
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