UAE Exchange CEO Promoth Manghat says cryptocurrencies aren … for the SWIFT messaging system that banks and exchange houses currently use to communicate financial transactions. “The Ripple network has a simple proposition: instant messaging.
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Sharjah flight from Amritsar
Till February 26, the flight IX 181 (Amritsar-Sharjah) will depart from Amritsar at 8 pm (local time) and reach Sharjah at 9.55 pm (Sharjah time). The return flight IX 182 will take off from Sharjah at 2.15 pm and arrive in Amritsar at 7 pm (local time).
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Experts: New UAE rule on ‘Good Conduct and Behaviour’ Certificate means employers must be diligent
CRI Group urges all UAE organisations to implement thorough background screening … CRI Group safeguards businesses by establishing the legal compliance, financial viability, and integrity levels of outside partners, suppliers and customers seeking …
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Massive 55% tax coming to the UAE
Good news for the UAE: No value-added tax (VAT) increases for upcoming 5 years. UAE Minister of State for Financial Affairs Obaid Al Tayer said at the Arab Fiscal Forum the government has no plans to raise the rate of VAT or excise tax in the near future.
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The World is BACK! Multi-billion pound archipelago of ‘countries’ in Dubai with artificial celebrity-owned fantasy islands is resurrected ten years after the vision was …
A multi-billion pound vision for an archipelago of ‘countries’ in Dubai with artificial, celebrity-owned fantasy islands has been resurrected – ten years after it was abandoned due to the financial crash. The World, a 300-island chain laid out in the shape …
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Dubai Financial Market : DFM-listed firms fully-comply with disclosure requirements
Companies that missed the deadline have been reported to the SCA A total of 50 Emirati companies listed on the DFM have disclosed their preliminary results, while 11 listed foreign firms have posted their results, out of a total of 15, the Dubai-based …
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Dubai on course to outstrip pricey London’s record for building apartments
told Arab News. “The issue we have in Dubai is there are 80,000 units due to complete in the next three years — but the vast majority of that stock is geared to the luxury end of the spectrum, which means we might have a mismatch between demand and …
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2018 Abu Dhabi Tour preview
Variety is the byword for the fourth edition of the Abu Dhabi Tour. Now extended to five days in length, the route is a mixed one, with opportunities for sprinters, climbers and – a novelty for 2018 – time triallists. The Abu Dhabi peloton, meanwhile …
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Saudi Arabia’s central bank signs blockchain deal with Ripple
DUBAI (Reuters) – Saudi Arabia’s central bank has signed a deal with U.S.-based Ripple to help banks in the kingdom settle payments using blockchain software, as Gulf regulators begin to explore new forms of financial technology. The pilot program is the …
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Mashreq Bank deploys AI solution
UAE’s Mashreq Bank has partnered with Blue Prism to increase productivity, improve customer experiences and deliver new services through an integrated AI solution. The Digital Workforce platform will automate dozens of the bank’s processes across …
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Dubai Marina, Discovery Gardens most popular areas to rent apartments
Dubai Marina, Discovery Gardens, International City, Dubai Silicon Oasis and Jumeirah Lake Towers remained the most popular places to rent apartments in Dubai in January 2018, according to a new market report from Bayut.com. According to the report …
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Stars return to Sharjah
The stars of the Staysure Tour are set to make their return for the second edition of the Sharjah Golf Masters presented by Shurooq at Sharjah Golf and Shooting Club from March 8-10. After the success of last year’s tournament, the first event on the …
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UAE property market has slowed due to maturity
The UAE’s property market will continue to see an average softening of prices and rental rates in 2018, though experts believe this will bring the Emirates more in line with global norms. With investors become more willing to accept lower yields, and …
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The ‘black magic’ bank heist
One day in August 1995 a man called Foutanga Babani Sissoko walked into the head office of the Dubai Islamic Bank and asked for a loan to buy a car. The manager agreed, and Sissoko invited him home for dinner. It was the prelude, writes the BBC’s Brigitte …
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Dubai property market ‘continues to show growth’, says Damac’s Sajwani
Dubai’s property market continues to show signs of growth with increasing demand returning to the market, according to Damac Properties chairman. The luxury developer reported a net profit of $762 million in its yearly profits announced earlier today (a …
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Emaar’s Dubai property sales jump 25% to Dh18 billion
(MENAFN – Khaleej Times) Dubai – Emaar Properties 2017 net profit jumped to Dh5.7 billion as against Dh5.23 billion in the previous year, an increase of nearly nine per cent. It recorded a net operating profit of Dh5.704 billion ($1.553 billion) during …
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Dubai space center is joining the race to Mars
“We want to create our own missions and develop our own satellites,” said Salem Humaid AlMarri, assistant director general for science and technology at the Mohammed bin Rashid Space Center in Dubai. First Arab satellite The top priority is to send a …
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