The private-banking arm of Oversea-Chinese Banking Corp. is adding more staff in Dubai, as the Singapore lender seeks a greater role managing the money of the Middle East’s wealthy and of Indians living overseas. Bank of Singapore plans to hire about …
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QFPay and United Brands (UBPAY) Form Joint Venture to Redefine the Mobile Payment Landscape Across the UAE
BEIJING & DUBAI, United Arab Emirates–(BUSINESS WIRE)–QFPay, the leading global mobile payment technology and big data solution company from China, today announced a joint venture with United Brands (UBPAY), a Dubai-based Payment Service Provider (PSP …
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Dubai Frame opening date undecided, says municipality
The official opening date of the Dubai Frame has not been decided, according to Mohamed Mubarak Al Mutaiwei, Assistant Director General for Dubai Municipality’s Communication and Community sector. Responding to local newspaper reports that claimed the …
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UAE law firm gives advice for SME success in 2018
While ensuring a sound corporate structure can assist in raising finance through traditional channels, raising bank loans can be challenging for SMEs in the UAE. For example, the default rate on debt repayments for Mashreq bank stands at around 20 per cent.
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Dubai rents down, rental yields remain strong
Rents in the property market of Dubai, UAE, for apartments are falling faster than sale prices and so the yields are declining. However they still remain very strong and are amongst the best in the world, said Propertyfinder Trends, in its third edition.
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More & More Dubai Startups Take To The Cloud, Says Report
Report developed by Dubai Silicon Oasis Authority, IBM in collaboration with Thomson Reuters 38 percent of those not yet on the cloud plan to adopt the technology in the near future Dubai-UAE: 18 December, 2017 – Dubai Silicon Oasis Authority (DSOA), the …
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UAE committed to preserving, promoting Arabic language
when meeting Emirati and Arabs in the UAE. On UN Arabic Language Day (December 18), Gulf News asked expats who have been here for a fair amount of time why they lag behind in Arabic as a second language. Many put it down to the multicultural profile of the …
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Dubai Financial Market launches short-selling service
Dubai Financial Market (DFM) has officially launched a short-selling service for stocks after completing the necessary regulatory and technical steps. Under the system, investors can sell securities that are listed on the market that they do not own with …
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Emirates Development Bank adopts SME Finance Strategy
This gives companies a greater finance opportunity at a lower cost, which leads to better evaluation with regards to the ease of doing business, global competitiveness, innovation, entrepreneurship and development. Esteemed members of the UAE Cabinet …
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Dubai Financial Market : DFM launches regulated short-selling
The Dubai Financial Market said it is processing licence requests from seven brokerage firms to provide the service. (Supplied photo) The Dubai Financial Market (DFM) announced on Sunday the long-anticipated launch of regulated short-selling (RSS) as part …
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Personal finance industry in UAE reacts to surge in bitcoin interest
But with no regulation in the sector, it is not possible for a UAE resident make bitcoin part of their investment portfolio in the same way they would when buying currency or shares through their personal finance advisor. In reaction to this Holborn Assets …
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Dubai Financial Market : UAE bourses likely to revive end-2017 – Analysts
Dubai – Mubasher: The UAE stock markets are expected to rise prior to the end of the current year as stocks are testing attractive buying levels, in line with the completion of ADNOC Distribution’s initial public offering (IPO). The Dubai Financial …
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Emirates Development Bank pledges Dh450m of funding to SMEs for 2018
Emirates Development Bank (EDB) has allocated Dh450 million of its Dh1 billion budget for next year to support the country’s small-to-medium-sized enterprises (SME), as soft economic conditions continue to weigh on the segment. The UAE government lender …
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Solar energy in UAE making impressive progress
ABU DHABI: The UAE has made great strides over the past few years and is leading the region’s drive towards renewable energy, particularly in the solar sector, according to a report by a leading Arab energy corporation. ”The development of the renewable …
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Blockchain is technology no one should ignore
The UAE’s embrace of technology and the digital transformation is changing the country in ways few could have imagined just a few years ago. Chief among these technologies is blockchain. While a few people may associate the technology with the hyper …
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VAT Impact Will Attract Global Players To Dubai Real Estate Market
The introduction of Value Added Tax in the UAE from next month will provide major new incentives for institutional investors to enter the Dubai real estate market, according to the head of one of the country’s largest brokerages. Firas Al Msaddi, CEO of …
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70% of Dubai start-ups employ cloud computing
As we transition to a more technology-focused world, all sectors of the UAE’s economic landscape are working relentlessly to forge a digital transformation.” The report was launched on Monday at a joint press conference held at Dubai Technology …
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