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Tag: banking

Posted on 14/03/2022

Dubai’s New Virtual Asset Regulation Law Comes Into Effect

H.H Sheikh Mohammed bin Rashid Al Maktoum issues a law that will keep Dubai among the key players in designing the future of virtual assets globally.
( read original story …)


Posted on 14/03/2022

Breaking New Grounds

Axis founder Mishaal Al Gergawi on becoming a part of the internationally acclaimed Y Combinator accelerator program.
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Posted on 14/03/2022

UAE to inject money in Sudanese banks: minister

Acting foreign Minister Ali al-Sadiq Sunday said the United Arab Emirates agreed to inject money into Sudanese banks to support its financial activities during these difficult times. Abdel Fattah …
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Posted on 14/03/2022

What Happened In 1971 In Uae?

It was not until 18 July 1971, the Rulers of all the six of the seven terls that made up the Trucial States, (except Ras Al Khaimah), decided to form a union. UAE’s deposed ruler, Sheikh Saqr bin …
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Posted on 14/03/2022

What Is The Most Prosperous Emirate In The Uae?

Does Anyone Know Which Abu Dhabi Emirate Is Cheapest St Emirate In Uae? Apartments in most of the UAE’s smallest ports earn the most rent, with a nine percent yield in Abu Dhabi. An annual rate of 6%.
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Posted on 14/03/2022

Can Uae Bank Recover Defaulters From India After 10 Years?

Banks within the UAE were often referred to law firms by the legal status of these cases to seek recourse in India to recover the money taken from them by defaulters because their legal status changed …
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Posted on 13/03/2022

What Percent Of The World’s Wealth Does The Uae Have?

Because of these rich natural resources, the UAE, which has 10 percent of world oil reserves and the fifth largest natural gas reserve, plays a significant role in international energy policy. GDP of …
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Posted on 13/03/2022

How Do Credit Cards Work In Uae?

To obtain one of the best credit cards in the United Arab Emirates, a minimum of AED 5,000 salary must be required. For your salary minimum of less than AED 3,500, you will not be able to obtain a …
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Posted on 13/03/2022

Who Should Pay Tax In Uae?

Does The Uae Tax Free For Foreigners? According to UAE taxation system, irrespective of one’s residency status, foreigners doing business in the UAE will not have to pay any inc …
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Posted on 13/03/2022

Why Do People Work In Uae?

Why Do People From Other Countries Want To Work In The Uae? We offer Finance Haven, a free resource for investors. There is no income tax for expats working in the United Arab Emi …
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Posted on 13/03/2022

Why Banks Are Merging In Uae?

Can You Tell Me About The Many Banks On Are Mergers? In a decision released on Friday, the Federal Reserve approved the following bank mergers: Connecticut-based Webster Bank $5 b …
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Posted on 13/03/2022

Record IPO proceeds generated as Gulf bourses rally after pandemic

New research shows 21 IPOs in MENA region raising proceeds of $7.9bn in 2021 Record IPO proceeds generated as Gulf bourses rally after pandemic Abu Dhabi Securities Exchange, ACWA Power, Boursa Kuwait …
( read original story …)


Posted on 13/03/2022

How US interest rate hike this week will impact your finances

Borrowing costs will go up across the board in tandem with rate hike Dubai: The Federal Reserve is set start a gradual hike in interest rates this week that will have its impact on cost of funds for …
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Posted on 12/03/2022

UAE – Amlak Finance Announces 2021 Full-Year Financial Results

Amlak FY21 net group profit stands at AED 1.06 billion and total assets stand at AED 4 billion • The Company successfully concluded the settleme …
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Posted on 12/03/2022

Explained: Why rich Russians are heading to the UAE for dodging sanctions

There is little financial transparency — and those who invest in business or property get a residency visa in return.
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Posted on 12/03/2022

UAE – AIM 2022 organises pre-conference activities aimed at attracting new investments

The Annual Investment Meeting (AIM 2022), which will be held from 29th-31st March 2022, has announced a series …
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Posted on 12/03/2022

UAE pledged bank deposits for Sudan: Sovereign Council says

The Crown Prince of Abu Dhabi pledged bank deposits in support of the Sudanese economy, said the Sovereign Council on Friday without specifying any amount.
( read original story …)


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