“Providing a seamless customer experience and secure banking environment are the two key challenges facing financial institutions today,” says Som. Growth in e-commerce comes as digital becomes the future in the UAE. Mobile phone penetration is now at …
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A Fintech spinoff looks to change the way we bank and eat
First reason is the growth of Islamic banking. A recent survey from Emirates Islamic Bank showed that about 52 per cent of UAE consumers have an Islamic banking product now, compared to 47 per cent consumers in 2015. “The results of this year’s Islamic …
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Dubai wealth managers dismiss UAE inclusion in EU tax haven blacklist
UAE wealth managers said a move by the European Union to include the Emirates in a black list of 17 global tax havens is not credible and likely to have a negligible effect on the banking industry which has in recent years intensified efforts to clamp down …
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Mashreq Bank Appoints New Group Head of Risk Management
Mashreq Bank, the UAE’s leading financial institution, announced the joining of Arif Usmani as the Group Head of its Risk Management. A graduate of the Imperial College of London, Usmani started his banking career in 1981 and spent more than three …
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UAE’s Federal Tax Authority announces full VAT supplies list
The UAE Cabinet is expected to issue a decision to identify the government bodies and non-profit organisations that are not subject to VAT. The below table outlines all supplies that will be subject to the 5% Value Added Tax, as well as zero-rated supplies …
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UAE must do more on transparency to get off tax blacklist -EU envoy
The governments of the UAE and Bahrain did not respond to Reuters requests for comment on Wednesday. A banking industry consultant, who declined to be named, said the EU was concerned about some of the UAE’s many free trade zones, which attract foreign …
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UAE Central Bank gold holdings top $307 million
The UAE Central Bank’s reserve of gold bars amounted to Dh1.129 billion ($307.3 million) by the end of October 2017, a growth of 11.2 per cent from Dh1.015 billion by the end of 2016. The month of April 2017 saw the Central Bank resuming gold holdings …
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Cartons and sacks not banned at Abu Dhabi airport
The fake circular said the move was to avoid breakdown of conveyer belts. In response to an enquiry, Abu Dhabi Airports said in a statement issued to Gulf News on Wednesday evening: “There has been a statement circulating in public domain stating that …
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Dubai owners asked to clean up their pets’ waste on streets
Dubai: Pamper your dog, but do not forget the cleanliness of your city. This is the message pet owners in Dubai were given as part of a recent cleanliness awareness drive. The Veterinary Services Section in the Public Health Services Department of Dubai …
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Volunteering in Dubai made easy through ‘Day For Dubai’ app
Dubai: After challenging the city to devote 30 minutes every … an official from the developer of the app, Watani Al Emarat, told Gulf News. Volunteering opportunities include events related to patients at hospitals, the elderly, people of determination …
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Record-setting Da Vinci painting headed to UAE
NEW YORK — A Leonardo da Vinci painting of Christ that sold in New York for a record US$450 million (380 million euros) is heading to a museum in the United Arab Emirates. The newly opened Louvre Abu Dhabi made the announcement Wednesday. The 500-year-old …
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Not for faint-hearted: Dubai unveils new sky-high zip line
DUBAI, United Arab Emirates — Dubai is offering thrill-seekers a new way to see its dazzling skyscrapers: On one of the world’s longest zip lines. The 170 metre-high (558 foot) XLine opens this week in Dubai’s Marina neighbourhood. For an entire …
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Regional developments ‘to impact Dubai real estate’
Recent geopolitical developments on the regional front and new residential legislation in Dubai – with prime focus on affordable housing – are both likely to impact the emirate’s property market, according to leading international real estate consultancy …
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UAE start-up makes life child’s play for parents
My experience from the corporate world has been invaluable building the business, as has my journey as a mother. What gap in the market were you initially trying to fill? Hire4Baby.com considers itself an ancillary service to UAE tourism, and the intention …
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$450m ‘Leonardo painting’ heads to Louvre Abu Dhabi
Media captionThe painting has been cleaned and restored from the image on the left to the one on the right A 500-year-old painting of Christ believed to be the work of Leonardo da Vinci is heading to the Louvre Abu Dhabi, the museum has said. The newly …
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Leonardo da Vinci’s Salvator Mundi is going to the Louvre Abu Dhabi
Leonardo da Vinci’s Salvator Mundi is going to the Louvre Abu Dhabi, the art gallery tweeted on Wednesday. But there’s still no public information on who purchased the painting at the record-setting auction in November, when the controversial artwork went …
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$450m ‘Da Vinci painting’ heads to Louvre Abu Dhabi
Media captionThe painting has been cleaned and restored from the image on the left to the one on the right A 500-year-old painting of Christ believed to be the work of Leonardo da Vinci is heading to the Louvre Abu Dhabi, the museum has said. The newly …
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