Dubai: The Government of India has clarified that Indian expatriates have to provide their foreign bank account details only if they do not have a bank account in India when they apply for income tax refunds. The government’s official statement issued on ... ( read original story ...)
First Abu Dhabi Bank to accelerate DevOps success with Validata’s Release Automation Suite
(MENAFN Editorial) FAB is one of the leading banks in the UAE, established from the merge of First Gulf Bank and National Bank of Abu Dhabi (NBAD), offering an extensive range of tailor-made solutions, products and services, in addition to customised ... ( read original story ...)
The Debt Panel: Dubai resident behind on school fees, rent and car loan and cannot afford consolidation loan payments
I suspect the issue with the bank is that the amount of the current loan, in relation to the current income, is in excess of the debt burden ratio (DBR) as set by the UAE Central Bank. This is the percentage of income that is used to repay debts and is ... ( read original ...
Usman Dar claims Asif ‘hid’ UAE employment
He said that at first Prime Minister Nawaz Sharif proved to be chairman of the FZE Dubai Company as per the JIT report and now Khawaja Asif contract has come before the nation. He said that the Iqama and offshore bank accounts of all candidates of the PML ... ( read original story ...)
UPDATE 2-9mobile asks Citi, Standard Bank to find new investors – source
Central Bank Governor Godwin Emefiele said earlier on Tuesday that ... The crisis forced the telecoms company's one-time UAE parent Etisalat to terminate its management agreement with its Nigerian business and surrender its 45 percent stake to a trustee ... ( read original story ...)
Lulu Exchange acquires Al Falah Exchange
Promoth Manghat, the chief executive of UAE Exchange - the biggest foreign exchange network in the Emirates and the GCC - said he expected more consolidation in the industry to follow. This, he said, follows new Central Bank regulations on capital ... ( read original story ...)
Abu Dhabi Ports said to weigh IPO amid UAE listing spree
Abu Dhabi National Oil Co selected underwriters and advisers for an IPO of its gas stations unit ... newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox. ( read original story ...)
As hedge funds bet on falling oil, traders see a different story
London: Hedge funds are still holding large bearish bets against oil and ... is priced at $4.45 a barrel under the benchmark Dubai, the strongest pricing since the country started exporting it in June 2015. In the world of sweet crude, differentials ... ( read original story ...)
Traders Think Hedge Funds Are Missing a Trick With Oil
Hedge funds are still holding large bearish bets against oil and ... is priced at $4.45 a barrel under the benchmark Dubai, the strongest pricing since the country started exporting it in June 2015. In the world of sweet crude, differentials for certain ... ( read original story ...)
UAE credit demand rises ‘slightly’ – central bank
Demand for business credit and personal loans in the UAE rose slightly in the second quarter of 2017 and is expected to continue to increase slowly in the current quarter, according to the central bank. The latest Credit Sentiment Survey from the UAE ... ( read original story ...)