Dubai ranked first globally in attracting foreign direct investments … According to the press release, the Emirate has attracted from 2015 to 2018 $21.6 billion worth of FDI in high-end technology t…
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UAE regrets EU’s decision to include it on tax related list
The European Union’s decision to include the United Arab Emirates on its blacklist of tax havens was due to “lack of communication” between the EU and the UAE government, the head of the UAE …
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Dubai Payments Firm Network International Plans London IPO
(Bloomberg) — Middle Eastern payment processor Network International plans to sell a 25 percent stake in an initial public offering in London. Warburg Pincus and General Atlantic jointly own combined …
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Network appoints former Worldpay chief as it prepares for IPO
The potential IPO will not involve the issue of any new stock, but its current shareholders — private equity groups General Atlantic and Warburg Pincus, and Dubai-based bank Emirates NBD — will sell a…
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Dubai Chamber to open third office in Latin America
according to Dubai Chamber President and CEO Hamad Buamim. In an interview with Arabian Business, Buamim said that the funds will be allocated over a 10-year period “to examine ways of diversifying th…
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Dubai installs smart cameras to measure how happy customers are
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Saudi Energy Minister reiterates Aramco IPO to happen within two years: Okaz newspaper
DUBAI (Reuters) – Saudi Aramco’s initial public offering (IPO) is expected to happen within two years, the Saudi newspaper Okaz said on Thursday, citing Saudi Energy Minister Khalid al-Falih. The news…
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Special Olympics World Games: How to watch, news and coverage
On March 14, as the Special Olympics World Games begins in Abu Dhabi, more than 7,000 athletes from more than 170 countries will be gearing up to compete in summer disciplines, including soccer, athle…
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UAE slams inclusion on EU tax haven black list
“This inclusion was made despite the UAE’s close cooperation with the EU on this issue and ongoing efforts to fulfil all the EU’s requirements,” said an official statement cited by state news agency W…
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Smile, you’re on camera: RRTA installs technology to monitor customer happiness
Dubai frequently uses artificial intelligence technology to assist in its aim to become the smartest city in the world. Last week, the UAE’s Minister of State for Artificial Intelligence said the UAE …
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Everything you need to know about the 2019 Special Olympics World Games Abu Dhabi, including news and coverage
On March 14, as the Special Olympics World Games begins in Abu Dhabi, more than 7,000 athletes from more than 170 countries will be gearing up to compete in summer disciplines, including soccer, athle…
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UAE starting to reap dividends of new bankruptcy law
The comments come after the case of a UAE company that successfully restructured its debt to resume business under Chapter 4 of Federal Law No 9 of 2016 — a first for the country. The firm …
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Dubai and Hong Kong to forge strong investment, trade ties
Dubai: In line with the efforts to intensify investment and economic relations between two leading global business hubs, top level officials from the Department of Economic Development (DED) in Dubai …
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Of birds that only travel first or business class
Falcons, for example I learnt, are the only animals in the UAE that can be brought aboard a plane; they also only can travel first class or business class! A lot of what goes on in Dubai can be over-t…
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Dubai’s Global Village extends current season by another week
Dubai’s Global Village will extend its current … each season and records an average of more than Dhs2.2bn worth of business transactions.
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UAE banking industry: changes, challenges and disruptors
The transaction banking industry is undergoing considerable transformation and is thriving through change. From coping with a slew of new market entrants, innovation and an emerging generation of huma…
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UAE to work with EU to clear name from tax haven list
The UAE will work with the European Union (EU) to remove its name from a list of designated tax havens announced recently, according to Abdul Aziz Al Ghurair, chief executive of Mashreq Bank and …
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