This would allow insurers to replenish more easily their capital if required. The increased interest from investors will also improve the UAE insurers’ financial flexibility, equipping them to participate in market consolidation. Merger and acquisition …
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UAE- MoF issues Financial Circular concerning federal budget preparation
DUBAI, 1st March, 2018 (WAM) — H.H. Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and UAE Minister of Finance, has issued the Financial Circular No. 01 of 2018 concerning the preparation of the draft of the federal budget for the fiscal year …
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UAE well placed to Benefit from China’s Belt & Road initiative
The Global Financial Markets Forum (GFMF), the region’s premier financial markets conference, brought together economic experts and decision-makers from the UAE and the world, GFMF has attracted over 1,600 delegates to network, exchange ideas and shape …
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Global Financial Markets Forum Discusses Opportunities From China’s Belt and Road Initiative
First Abu Dhabi Bank (FAB), the UAE’s largest bank and one of the world’s largest and safest financial institutions, hosted a panel discussion to explore opportunities in China during the ninth Global Financial Markets Forum (GFMF), which concludes today.
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UAE Exchange, Kayan partner for ‘rise’ mobile app
Our aim is to bring financial inclusion and literacy to this unbanked population. With UAE Exchange, the region’s most trusted money transfer provider, as our remittance partner, we will add yet another great service for our customers,” said Milind …
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UAE’s FTA extends penalty exemptions period for late VAT registrants to April
“The FTA is actively contributing to achieving the long-term strategic objectives of the tax system,” said Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and Minister of Finance. “The foremost goal is to promote economic diversification …
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UAE Exchange partners with Kayan Labs for rise mobile application, the world’s first migrant wealth management platform
To bring such workers under the financial realm, UAE Exchange, the leading global money transfer, foreign exchange and payment solutions brand, has signed a MoU with Kayan Labs for exploring new channels to provide remittance facility through ‘rise …
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Dubai property broker acquires mortgage consultancy
Dubai-based real estate firm, Allsopp & Allsopp, has acquired PuzzleWorks, the independent mortgage consultancy to further enhance its mortgage services. PuzzleWorks will now become part of Allsopp & Allsopp’s Mortgage Services division, a statement said …
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People to be the future medical responders in UAE
Dubai: A new project launched by the Dubai Corporation for Ambulance Services (DCAS) aims to ‘accelerate’ response time to less than four minutes by keeping qualified individuals in emergency rescue procedures on standby in case an emergency breaks …
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Dubai Chamber’s Investments in Latin America to Reach Dh100 Million Over the Next Decade
There is a huge opportunity for companies from Dubai to come to Colombia to build partnerships and deals. We want to make this happen,” he said, adding that tangible outcomes of the Global Business Forum on Latin America 2018 will “continue for months …
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Dubai editor court case: Verdict expected this month
The verdict in the court case involving a senior newspaper editor in Dubai who stands accused of murdering his wife is expected on March 25, according to local media reports. The defendant, Francis Matthew, 61, stands accused of fatally hitting his wife …
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Dubai Properties announces official launch of Marasi Marina
157-berth marina will span an area of 40,000sqm and marks the completion of phase one of the mixed-use development Dubai Properties, the quasi-government real estate developer, has announced the official launch of Marasi Marina, the first fully operational …
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UAE finance professionals are the most stressed globally, report says
Finance professionals in the UAE are the most stressed in the world and could see their anxiety levels rise further in the next two years as they grapple with the new VAT regime and struggle to meet tight deadlines. Eight-three per cent of the chief …
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Dubai’s RTA reveals plan for vehicle history blockchain project
Dubai’s transport authority has revealed plans to create a vehicle lifecycle management system using Blockchain as part of the Dubai 10X initiative. The Roads and Transport Authority (RTA) said the project seeks to improve customer experience by providing …
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Man in UAE helps famed actress Sridevi’s body come home
News of her death dominated India’s newspapers and many television … square buildings that house some of Dubai’s immense population of foreign workers, many of whom come from South Asia. There, officials embalmed her corpse as Thamarassery handled …
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Pink Caravan Ride begins in Sharjah
Shaikh Abdullah Bin Salim Bin Sultan Al Qasimi, the Deputy Ruler of Sharjah, inaugurated the Ride at the Sharjah … stressed on the importance of early detection. Speaking to Gulf News, she said: “Pink Caravan has launched its first mobile clinic …
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No hike in UAE federal government fees for three years
Dubai: Federal government fees in the UAE will not be increased for a period of three years, it was announced on Wednesday. A decision to this effect was taken during a UAE Cabinet meeting and is intended to attract more foreign investments and promote …
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