The Central Bank of the UAE raised interest rates on its certificates of deposit by 25 basis points on Thursday, in line with the US Federal Reserve move on Wednesday to increase the Federal Funds rate by the same amount. Markets had expected the increase …
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How UAE's property sector may be impacted by 5% levy
The UAE’s Ministry of Finance has yet to issue specific guidance in relation to VAT on residential and commercial property. A five per cent value-added tax (VAT) on property transactions is expected to impact only big-ticket investors and those dealing …
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UAE hikes interest rates: How will it impact your EMI?
The United Arab Emirates central bank said on Wednesday that it was raising key interest rates by 25 basis points, effective on Thursday, in response to the rate increase by the US Federal Reserve. Rates on certificates of deposit issued by the UAE central …
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Dubai residents all smiles for happiness parade
Dubai: Smiles, sunglasses and sweat were seen on the faces of a large crowd who gathered on Saturday by the Dubai Canal to mark the International Day of Happiness. To start the whole-day happiness programme, several hundred people joined a parade the beat …
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Marissa, the nail technician with a hidden artistic talent
Dubai: When Marissa Sanchez Paulma, a 30-year-old nail artist from the Philippines, was gifted a canvas and paintbrush by one of her clients at the salon, she was pleasantly surprised at the beautiful artwork she could create. Working as a nail technician …
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UAE: Jordanian Journalist Convicted
WAM, the UAE’s official news agency, reported that the Abu Dhabi Federal Appeals Court convicted al-Najjar under article 29 of the country’s cybercrime law, sentencing him to three years in prison and a fine of 500,000 UAE Dirhams (US$136,000).
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UAE, Brazil sign three accords enhancing ties
Brasilia, March 17 (IANS/WAM) The United Arab Emirates (UAE) and Brazil have signed three accords on air transport and reciprocal exemption of entry visa requirements. Sheikh Abdullah bin Zayed Al Nahyan, UAE’s Minister of Foreign Affairs and …
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UAE official says Germany can benefit from Dubai Expo 2020
reported UAE state news agency WAM Friday. Dubai, the trade and logistics hub of the UAE, will be the first Arab city to host the six-month world expo in 2020. Abdullah Al Saleh, under-secretary for foreign trade affairs at the UAE Ministry of Economy …
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UAE: Strong Partnerships Vital to Address Global Challenges
SÃO PAULO, Mar 17 (IPS) – IPS is reproducing an interview of Sheikh Abdullah bin Zayed bin Sultan Al Nahyan, Minister of Foreign Affairs and International Cooperation of the United Arab Emirates with Valor Economico. Sheikh Abdullah bin Zayed bin Sultan …
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UAE tennis in need of serious re-think
To think that tennis has been struggling to survive may not exactly be the best of news for a country that boasts of two of the top international tournaments in the fortnight-long Dubai Duty Free Tennis Championships. But over a period of time, the reality …
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UAE posts trillion dirham revenue from non-oil trade
The year, UAE’s imports were valued at Dh803 billion, with re-exports accounting for Dh330 billion and exports Dh143 billion. (ADTerminals.ae image) DUBAI – There is life outside oil industry after all. This progressive city in the United Arab Emirate …
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Argentina and UAE Agree to Strengthen Economic Ties
A broad UAE delegation headed by UAE Assistant Minister of Foreign … which left 22 dead and dozens injured. During the news briefing, Minister Al Nayhan expressed his solidarity referring to the incident and said he hoped nations “will work more …
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Driverless flying taxi service set to launch in Dubai
Awesome as it might sound to sit back and take in the view as the rest of Dubai is stuck in traffic jams, there are some limitations to the technology. With a 30-minute maximum battery time, it won’t take you very far. And then there are the usual concerns …
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Milan-San Remo news: UAE Team Emirates back Swift
UAE Team Emirates are backing last year’s Milan-San Remo runner-up Ben Swift to go one better in 2017 and end an almost two-year gap between victories. The 29-year-old has also finished third at La Classicissima, and Swift is aiming to continue his good …
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Aldar Properties : Water taxis available for Abu Dhabi beach festival visitors
Abu Dhabi: Water taxis will be put in place to help facilitate alternative access for visitors to a beach festival in Abu Dhabi’s Al Muneera area, Aldar Properties has announced. Aloha Festival, a five-day free beach lifestyle festival that will be held …
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First Qatar stock exchange IPO since 2014 likely
Discussions with the unnamed family-owned firm were in their final stages, said Mr Al Mansoori on the sidelines of the Arab IPO Summit in Dubai yesterday. “It’s in the process, hopefully IPO-ing in April,” he told The National. He did not give an …
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Dubai launches rule for conducting business on social media
The initiative will not only ensure transparency when conducting business on social media platforms, it will also protect consumers from fraud. In an attempt to regulate business activities on social media, Dubai has introduced an e-Trader initiative …
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