A new resolution on bank guarantees and employees’ protection insurance scheme for the private sector was announced on Tuesday. Under the new resolution, establishments may provide a bank guarantee, …
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Salik next in Dubai IPO craze, seeks to raise up to $1 billion
Salik is said to have taken out a $1.1 billion loan from Emirates NBD to pay a special dividend to the government, unnamed sources told Bloomberg Salik next in Dubai IPO craze, seeks to raise up to $1 …
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Everybody in the UAE is talking about this free course to learn how to invest in the stock market
Leadcapital Corp Ltd offers a free online course on investing, entertainment, and learning if you are interested in learning to invest in the stock market.
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UAE commences reporting essentials to counter crypto real estate money laundering
The UAE government is now working to make sure that digital assets are covered by the region’s anti-money laundering and anti-terrorism funding rules.
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UAE expats, get ready to remit: Indian Rupee to weaken further, Philippine Peso and Pakistani Rupee to get stronger
In the policy statement, RBI Governor Shaktikanta Das said that the Indian rupee has moved in a relatively orderly fashion depreciating by 4.7 per cent against the US dollar durin …
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Convicted US lawyer Asim Ghafoor transferred $4.9mln through UAE banks, says embassy
US citizen Asim Ghafoor, who was convicted by a UAE court over tax evasion and money laundering, transferred at least $4.9 million through the UAE banking system. In a statement, the UAE Embassy to …
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UAE’s public spending in Q1 2022 amounts to Dhs87.4bn
The UAE’s public spending included Dhs28.7bn for employee compensation payments compared to Dhs24.6bn in the same reporting period in 2021.
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Dubai Road-Toll Operator to Seek About $1 Billion in IPO
Dubai is seeking to raise about $1 billion by selling shares in the city’s road-toll collection system as soon as next month, people familiar with the matter said.
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UAE’s public spending totalled Dhs87.4 billion in first quarter
The UAE’s public spending in the first quarter of 2022 totalled Dhs87.4 billion, an increase of 19.6 per cent and equivalent to Dhs14.34 billion, compared to Dhs73.7 billion …
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Convicted US lawyer Asim Ghafoor laundered $4.9 million through UAE banks, says embassy
US citizen Asim Ghafoor, who was convicted by a UAE court over tax evasion and money laundering, transferred at least $4.9 million through the UAE banking system.In a statement, the UAE Embassy to the …
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World Bank announces additional $4.5 billion in Ukraine aid
Ping Dubai Creek Summer Open at Dubai Creek Golf and Yacht Club Washington: The World Bank on Monday announced it was mobilizing another $4.5 billion in financial support for war-torn Ukraine. The …
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Convicted US lawyer Asim Ghafoor transferred $4.9 million through UAE banks, says embassy
US citizen Asim Ghafoor, who was convicted by a UAE court over tax evasion and money laundering, transferred at least $4.9 million through the UAE banking system. In a statement, the UAE Embassy to …
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Dubai: Not receiving rent deposit back from the landlord? Follow these steps
Dubai: Planning to move to a new home in Dubai? While the process of shifting homes requires a lot of paperwork management – from discontinuing your telephone and utility connection, to finding the …
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UAE first-quarter net operating surplus more than doubles on revenue boost
KARIM SAHIB The UAE reported a strong revenue increase in the first three months of the year. AFP . The UAE government’s net operating surplus more than doubled in the first qu …
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Dubai’s Salama plans $108mln capital reduction
The board of Dubai’s Islamic Arab Insurance (Salama) has recommended a capital reduction of AED398 million ($108 million) to write off accumulated losses. The share capital after reduction will be AED …
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National banks’ gross assets in UAE stand at $817bln in first five months of 2022: CBUAE
ABU DHABI – Total assets of the 22 national banks rose to AED 3.023 trillion in the first five months of 2022, up 4 percent (AED 117.3 billion), according to latest statistics released by the UAE …
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National banks’ gross assets in UAE cross Dh3 trillion in first five months of 2022: Central Bank
Total assets of the 22 national banks rose to Dh3.023 trillion in the first five months of 2022, up 4 per cent (Dh117.3 billion), according to latest statistics released by the UAE Central Bank.
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