a senior UAE official told Gulf News on Wednesday. “Once the system is functional, all employers and recruitment agents can do recruitment [of certain category of workers] only through this system. They cannot do independent recruitment from India …
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Dubai girl gets $75,000 NYUAD scholarship
She is passionate about henna and provides henna design at many events around Dubai. She has designed an eco-friendly company at her school too.” As it turns out, Suman didn’t have to wait too long to hear back from NYUAD. When she got the good news …
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China’s CNPC inks $1.18B deal for stakes in Abu Dhabi oil
DUBAI, United Arab Emirates – China’s state-run national petroleum company has signed a deal worth $1.18 billion for stakes in two oil and natural gas concessions in the United Arab Emirates’ capital of Abu Dhabi. The state-owned Abu Dhabi National Oil …
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Abu Dhabi ruler issues law to merge investment funds
we enhance the country’s competitive position,” he added in comments published by state news agency WAM. Under the new law, the Mubadala Investment Company board of directors will now become the board of directors for the Abu Dhabi Investment Council.
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UAE President orders restructuring of Abu Dhabi Investment Council
Abu Dhabi: President His Highness Shaikh Khalifa Bin Zayed Al Nahyan has issued, in his capacity as the Ruler of Abu Dhabi, a law restructuring Abu Dhabi Investment Council, ADIC, whereby it will become part of the Mubadala Investment Company group.
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Abu Dhabi to Combine Funds to Form SWF Worth $200 Billion
Abu Dhabi Investment Council will become part of Mubadala Investment Co., according to state-run WAM news agency. The council’s incorporation into Mubadala is in line with Abu Dhabi’s efforts to accelerate economic diversification in the United Arab …
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Special Olympics IX MENA Games Athletes Experience The Culture Of Abu Dhabi
Athletes who have been participating in Special Olympics IX MENA Games Abu Dhabi 2018 over the last three days were treated to a Culture Day as part of their visit to the UAE’s capital for the Games. The Local Organizing Committee of the IX MENA Games took …
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UPDATE 1-ADIC to join Mubadala group as wealthy Abu Dhabi consolidates funds
It was not immediately clear whether the ADIC news presaged more mergers or tie-ups for Abu Dhabi funds. The emirate’s biggest sovereign fund, Abu Dhabi Investment Authority, has an estimated $828 billion of assets and is the third biggest in the world.
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First Abu Dhabi Bank : secures Saudi Arabian commercial banking license
First Abu Dhabi Bank (FAB), the UAEs biggest bank by assets, got a licence from the Saudi Arabia Monetary Authority to establish a commercial banking business as foreign banks converge on the kingdom to make deals amid reforms. We are very proud to …
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Noble Group sued by Abu Dhabi-based shareholder
Goldilocks Investment, based in Abu Dhabi, filed a lawsuit Tuesday in the Singapore High … a credit analyst in Singapore at iFast Corp. “It’s not good news for Noble for sure. It remains to be seen how much strength Goldilocks can muster in terms …
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Russian model ‘arrested after breaking spine jumping from sixth-floor Dubai hotel room to flee sex beast trying to rape her’
Gocha Buachidze, the Russian Counsel in Dubai, said: “We are thoroughly studying the situation … Do you have a story for The Sun Online news team? Email us at tips@the-sun.co.uk or call 0207 782 4368 . We pay for videos too. Click here to upload …
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Dubai Executive Council marks 15th anniversary
Dubai: His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, praised efforts made by the Dubai Executive Council over the course of 15 years. He underlined the council’s role in boosting the …
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UAE a friend of women, children and young adults: Shaikha Fatima
Abu Dhabi: On the occasion of Mother’s Day, which is marked in the UAE on March 21, Her Highness Shaikha Fatima bint Mubarak, Chairwoman of the General Women’s Union, President of the Supreme Council for Motherhood and Childhood, and Supreme Chairwoman of …
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Art Dubai 2018: Big diary date for art curators, collectors and enthusiasts
DUBAI: Art lovers, curators, collectors and enthusiasts are rejoicing as the biggest and most globally diverse art fair is set to open from March 21 to 24 at Madinat Jumeirah. Under the patronage of Sheikh Mohammed bin Rashid Al-Maktoum, Art Dubai’s …
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Dubai Breaks Ground on World’s Biggest CSP Project
DUBAI, United Arab Emirates–(BUSINESS WIRE)–HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, broke ground on the 4 th phase of the Mohammed bin Rashid Al Maktoum Solar Park. This is the biggest …
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Some UAE businesses are paying more VAT than they need to
My advice to any business looking to do anything artificial to avoid UAE VAT, or create a timing advantage, is not to bother. Artificiality sometimes worked when tax and tax avoidance was regarded as fair game (around 1973, if you are wondering), but now …
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UAE seeks exemption from US tariffs on steel, aluminium
Danny Sebright, the president of the Washington DC-based US-UAE Business Council, has been quoted in local media as saying the UAE could have room for negotiation on the tariffs because of the importance of its aluminium to US aircraft manufacturing.
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