So while it’s not ideal, quitting the workforce with monthly mortgage payments doesn’t have to be a financial disaster, debt restructuring experts reveal, while adding that there are some benefits of …
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UAE Central Bank’s gold reserves cross Dh12.1 billion in first five months of 2022
The value of the UAE Central Bank’s gold reserves rose by 1.63 per cent in the first five months of the year, according to the latest statistics. The central bank’s gold reserves reached Dh12.107 …
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What are five questions to ask before I buy a property in Dubai?
It’s always good to know how long a property has been available on the market. If a property has been on the market for a long time, this indicates it was priced too high to begin with and is often a …
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Top 10 Investment Companies & Advisors In The United Arab Emirates
The UAE has seen incredible growth in the past decade, so it’s no surprise that it’s also become a hotbed for investment companies. However, there are so many companies and advisors in the market …
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UAE money exchange giant Al Ansari considers Dubai IPO
The news come as the Dubai bourse recently saw listings of major local companies including TECOM Group and Union Coop UAE money exchange giant Al Ansari considers Dubai IPO Al Ansari Exchange, Dubai …
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PwC Crypto Head Departs to Set Up $75M Digital Asset Fund in Dubai: Report
a Hong Kong-based hedge fund. Arslanian, who will stay at PwC as a senior adviser, cited ease of travel and Dubai’s supportive regulatory environment for crypto firms as the reason for choosing it to …
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Rental payments through direct bank or card debits is ‘just gaining traction’, says Ahmed Al Suwaidi of DHAM
That decades old practice is coming to an end, as the UAE Central Bank pushes for direct debits as the de facto practice. But the biggest landlords in the country have already moved beyond cheques, …
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UAE: Now, 90 per cent of employees’ total salaries must be paid via Wages Protection System
He explained, “One of the main changes from the previous requirements is an increase in the minimum amount of an employee’s salary, which must be paid via the WPS. As per the new amendments, this has …
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UAE, Egypt discuss joint efforts to combat money laundering and terror financing
The leaders reviewed regional developments in the space, as well as the key steps taken by both countries “to develop an effective system to combat financial crime” UAE, Egypt discuss joint efforts to …
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UAE and Egypt to co-operate in fight against money laundering and terrorism financing
Provided by The National Officials from the UAE and Egypt discussed joint actions to fight against illicit financial activity. Wam . Top officials from the anti-money launderin …
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UAE Central Bank issues instructions for financial institutions on risks related to politically exposed persons
The guidance requires Licensed Financial Institutions to demonstrate compliance with its requirements within one month.
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Amlak Finance first-half net profit surges 35%
Total assets stand at AED 3.8 billion, debt settlement arrangements yielded Dh225 million gain and contributed in total debt reduction of Dh565 million including …
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UAE shines as 24 MENA IPOs raise $13.5 billion in first half of 2022
Dubai: The MENA region witnessed a 500 per cent year-on-year increase in the number of companies listing during H1 2022 with 24 IPOs raising proceeds of $13.5 billion, a gain of 2,952 per cent in …
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Amlak Finance reports 35% higher profit in H1-22
The net earnings of Amlak Finance went up by 35% on a yearly basis by the end of the first half (H1) of 2022, standing at AED 266 million, from AED 197 million. Total income during the January-June …
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Ministry of Climate Change and EDB to finance agriculture SMEs and start-ups
The two parties will identify collaboration opportunities in food security and how best to support SMEs and start-ups, the ministry and EDB said on Wednesday. EDB will finance agricultural businesses …
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UAE: Spinneys says no personal banking data of customers leaked in cyberattack
Spinneys is aware of unverified emails being sent out from unidentifiable email addresses stating that a ransomware group may have leaked data hacked from our internal server o …
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Dubai real estate market records over $4.4 million on Tuesday
Tuesday’s transactions included 396 sales deals worth AED 845.37 million, 110 mortgage deals of AED376.93 million and 11 gift deals amounting to AED96.55 million, according to Dubai’s Land Department …
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