Dubai’s economy expanded 2.8% in 2017 Abu Dhabi’s non-oil GDP grew 1.8% in 2017 Abu Dhabi’s non-oil GDP is set to advance 3.3% in 2019 vs 2.5% this year
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U.S., UAE crack down on network for smuggling funds to elite Iran group
The Treasury Department, acting with the United Arab Emirates where front companies were located, said it had disrupted the large network’s operations, and accused Iran’s central bank of helping the group access U.S. dollars held in foreign banks to …
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UAE puts nine Iranian entities, individuals on terrorism list
The United Arab Emirates listed on Thursday nine Iranian entities and individuals on the terrorism list for transferring funds to the Iranian Revolutionary Guards. According to the statement published by WAM, the Cabinet issued Ministerial Resolution No …
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Why switch your offshore company to the UAE?
Doing business: The UAE regularly ranks highly on the World Bank’s Doing Business Index, which measures countries against 11 key indicators of business regulation to establish the ease with which it is possible to form and run a company. In 2018 it was …
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Dubai Launches Blockchain Business Registry To Ease Market Entry
Businesses looking to launch in Dubai will benefit from a blockchain registry, a joint project between the government and partners including IBM. The Dubai Blockchain Business Registry Project will also see involvement from Smart Dubai and Dubai Silicon …
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Abu Dhabi Oil Giant Hires Cutis as CFO From Wealth Fund
Abu Dhabi National Oil Co. hired Mark Cutis as chief financial officer from the sovereign fund that combined with Mubadala Investment Co., according to people with knowledge of the matter. Cutis will report to Adnoc’s director of finance and investment …
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UAE University ranked among top 50 universities
Al Ain: The UAE University has been ranked the 50th best university in the Times Higher Education’s 2018 list of Emerging Economies University Rankings. Dr Mohammad Al Baili, Vice-Chancellor of the UAE University, stressed the significance of this …
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UAE’s VAT Move Has Gone Well, Inflation to Moderate: IMF Official
DUBAI (Reuters) – The United Arab Emirates’ introduction of value-added tax has gone smoothly and inflation, having jumped in response, will moderate, the head of the International Monetary Fund’s mission to the country said on Thursday. Natalia Tamirisa …
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Diamantaires upbeat as UAE scraps VAT on gold, diamonds
Diamond analyst Aniruddha Lidbide said, “VAT in the UAE was imposed just recently and it had a huge cost implications on loose diamonds. Now that the UAE has scrapped the VAT, it is a good news for the entire diamond value chain.”
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Revealed: Top Indian business leaders in Arab world
Dubai: Over 100 Indian nationals, mainly businessmen and executives that are based in the UAE, have just been recognised for their “phenomenal success” in the Arab world. These expatriates are among the top 100 business owners and 50 Indian executives …
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Dubai’s Emirates looks at closer Etihad ties
Sheikh Ahmed said though business conditions improved they had remained tough … Parent Emirates Group will pay a Dhs2bn dividend to Investment Corporation of Dubai (ICD), the state investment vehicle which owns the airline, after profit rose 67 per …
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Abu Dhabi Taqa Shifts to Growth Mode After Years of Cutbacks
Abu Dhabi National Energy Co., the state-controlled oil and gas producer, is looking again at boosting spending after three years of cutting back, according to Chairman Saeed Mubarak Al-Hajeri. The company, known as Taqa, had first-quarter net income of …
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Divorce battle: Superyacht’s fate in hands of Dubai courts
Dubai: A mega luxury yacht mired in a bitter divorce battle between a Russian billionaire and his ex-wife will remain locked down in Dubai port for the time being despite arguments by a team of lawyers at an appeal hearing on Wednesday at Dubai …
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Abu Dhabi’s Taqa Shifts to Growth Mode After Years of Cutbacks
Abu Dhabi National Energy Co., the state-controlled oil and gas producer, is again looking at boosting spending after three years of cutting back, according to Chairman Saeed Mubarak Al-Hajeri. The company, known as Taqa, had first-quarter net income of …
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Abu Dhabi’s Mubadala Looking to Expand Its Presence Over More Industries
Abu Dhabi’s Mubadala Investment Co. is set to do bigger deals, scout for investments more widely and spread its presence over more industries after a recent tie-up with another local fund doubled its size. The combination of Mubadala and the Abu Dhabi …
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Abu Dhabi forum urges UN to help protect minorities
Abu Dhabi: A global conference on Muslim minorities on Wednesday adopted a ‘Global Charter for Muslim Communities’ urging the United Nations to make a binding agreement for protecting rights and freedom of minorities as religious, ethnic and linguistic …
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New rate for Dubai school fee hikes soon
Gulf News had reported earlier. For the coming school year, which starts in September, some schools have already announced fee reductions. David Cook, headmaster of Repton School Dubai (rated outstanding), said: “As a provider of quality education …
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