Dubai International Financial Centre (DIFC) announced on Tuesday it has formed a new partnership with Startupbootcamp to support the development of the growing fintech and venture capital ecosystem in the Centre as well as promote entrepreneurship in the …
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What the new bank fee caps mean for UAE customers
The decision by the Central Bank of the UAE to cap fees and commissions has been lauded by personal finance experts for bringing transparency to the banking industry and ensuring customers are better protected. Under the new guidelines, fees on retail …
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Global financial firms join DIFC community
Dubai International Financial Centre (DIFC), said on Tuesday that three new major international companies; Berkshire Hathaway, State Street Global Advisors, and Maybank Islamic have set up shop in the Financial Centre. Berkshire Hathaway Specialty …
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UAE Central Bank caps retail banking fees in boost to expat-friendly economy
The Central Bank of the UAE said on Tuesday it has set a maximum limit on fees and commissions charged by banks as the country seeks to woo more expatriates and boost non-oil growth. The Central Bank capped fees on retail consumer-related banking services …
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Abu Dhabi International Airport Achieves Sustainability Milestone
Abu Dhabi International Airport (AUH) has earned an accreditation level of ‘reduction’ from the Airports Council International’s (ACI’s) Airport Carbon Accreditation program. The program provides a unique common framework and tools for active …
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Free UAE transit visa for tourists ‘good for economy’
The visa, which can be obtained at express counters across UAE airports, can be extended for up to four days for a minimal fee of Dh50. According to travel specialists interviewed by Gulf News, the announcement has stirred up a lot of interest from …
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Sexual abuses rampant in UAE-controlled prisons in Yemen
The next three days were the same routine. On Fridays, it was time for solitary confinement. From inside a Yemeni prison controlled by the United Arab Emirates — a top U.S. ally — a Yemeni detainee held without charges chronicled torture and sexual …
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Dubai court sentences British twins to six months in jail for assaulting police officer
Two British sisters have been convicted of assaulting a female police officer outside a Dubai nightclub. Alena and Sasha Parker, who are British passport holders but originally from Belarus, were sentenced to six months in prison followed by deportation …
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Dubai’s Emirates to operate one-off A380 to Muscat
Dubai carrier Emirates will operate a one-off Airbus A380 service … Read: Video: Muscat’s new airport readies for first flights It will have 429 economy class, 76 business class and 14 first class seats. “It is a very important destination for …
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In the zone – Doing business in Dubai
On behalf of New Business, Kitty Vine of Markettiers, interviews Guatam Sashittal, the chief exec of Dubai Multi Commodities Centre, for New Business The DMCC Free Zone is home to over 14,000 businesses, ranging from multinational corporations to start-ups …
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Dubai-based Abraaj has restructuring approved by Cayman Islands court
Dubai: The Grand Court of the Cayman Islands has appointed … to appoint David Soden and Stuart Sybersma of Deloitte as joint provisional liquidators of the fund management business, Abraaj said in a statement. “This order validates the position …
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Renovation of Dubai ruling family’s former neighbourhood welcomed by traders
… and create the world’s largest open air museum have been welcomed by traders working in one of Dubai’s oldest neighbourhoods. Members of the local business community say the rejuvenation of Shindagha Heritage District in Dubai Creek, part of a wider …
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Four African elephants arrive at Dubai Safari
Dubai: African elephants will enthral visitors at Dubai Safari Park from October, Gulf News has learnt. Meanwhile, some old and sick animals at the old Dubai Zoo have yet to be shifted to the new wildlife park. Four African elephants, three females and one …
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Seven Super Foreign Funds
Many fund managers hedge against currency fluctuations … Larsson and Madsen had feet on the ground (either their own or their analysts’) in Australia, Dubai, Indonesia and Japan. The team focuses on small and midsize foreign firms, investing in what …
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Franklin Templeton Sheds Bahraini Bonds and Warns of Crisis
“The writing’s on the wall,” Kronfol said in an interview in Dubai. “The market and Bahraini authorities … or even talk about the peg being sustainable.” Read More: NYC Hedge Fund Eyes Its Next Distressed-Debt Target: Bahrain Bahraini officials …
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Gold prices inch up as trade row triggers safe-haven buying
Dubai gold prices are Dh155 for 24-karat and 22-karat can … news agency Yonhap said on Sunday. Hedge funds and money managers raised their net long position in COMEX gold by 6,506 contracts to 64,572 contracts in the week to June 12, US data showed …
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This Crypto Bro Left Twitter After His ‘Successful People’ Tweet Was Memed
BuzzFeed – 11:01 AM GMT June 16, 2018 Piers Morgan Gets Rinsed Over ‘Love Island’ Tweet Claiming He’d ‘Stumbled Upon’ His First Episode The Huffington Post – 10:40 AM GMT June 15, 2018 Atul Kochhar tweet: Chef sacked from Dubai hotel restaurant …
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