Dubai, Feb 13 (PTI) Qatar and the UAE have the highest social media penetration of any country in the world at 99 per cent each, while the overall internet usage in the Middle East jumped 15 per cent compared to last year, a new report said. Of the 246 …
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UAE is an oasis of tolerance, well-being: Japan PM
Japanese Prime Minister Shinzo Abe praised the UAE and its leaders for initiating a platform where vital and innovative government policies are discussed and where diversity and tolerance are promoted. In his televised speech from Tokyo at the 5th World …
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Somaliland agrees to UAE military base in northern port
MOGADISHU, Somalia – Somalia’s breakaway northern territory of Somaliland has said the United Arab Emirates can establish a military base in its territory. The Emirati government in January submitted a formal application seeking permission from the …
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Abu Dhabi's Desert Hotel Is Becoming A Hotspot For Travelers
Spending time in a nice warm place with the sun kissing your skin is the perfect definition of a holiday vacation. However, Abu Dhabi takes it to another level with it’s latest resort hotspot–a desert hotel will definitely give travelers that hot weather …
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Global Investing: 9 reasons why the Snap IPO won't click with investors
However, even as its investment bankers do their best to “hype” the prospects of the Snap IPO in global markets, I advise UAE investors to avoid the new issue deal like the plague. Why? One, Snap has been in existence for the past five years but has not …
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UAE, Moldova step up efforts to promote trade
Representatives from the government and private sectors, investors and entrepreneurs who were invited to attend the UAE-Moldova Business Forum were also present to discuss potential collaborative efforts. Al Mansouri said that opportunities abound for the …
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DSP, Belhasa launch new project with interactive business spaces
The project, located in Dubai Science Park, will add almost 50 units to the existing 25. “Dubai Science Park is a dynamic business community that provides a home to life sciences, energy, and environmental companies of all sizes and serves the entire value …
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UAE resident alert: 5% VAT is officially coming…
Policy makers in the six-nation Gulf Cooperation Council are aiming to introduce a 5 percent value-added tax at the start of next year, despite administrative and technical obstacles, a senior United Arab Emirates finance official said on Sunday.
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Outlook for UAE economic growth improves, poll says
Backing up these assertions is the harder PMI data. The UAE’s non-oil business activity rose to a six-month high in January, thanks to a rise in new orders, higher output and improved demand from overseas, according to the latest sentiment survey from …
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How Blockchain Can Kick-Start the UAE’s Startup Economy
Blockchain technology can act as a kick-starter for the UAE’s startup ecosystem, by speeding up transactions and better connecting the business community. That is the view of a new report released by tech consulting firm Booz Allen Hamilton, Tuesday.
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UAE says expects higher compliance with OPEC, non-OPEC deal
“The first month I see the commitment around OPEC has been there from the various independent sources. The level of commitment is high and we are expecting to see more commitments in the months to come,” Suhail bin Mohammed al-Mazroui told reporters. OPEC …
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UAE expects higher OPEC, non-OPEC compliance to oil deal
Compliance with a global supply cut deal by OPEC and non-OPEC oil producers has been high in January and that level of commitment is expected to improve over the next months, the United Arab Emirates Energy Minister said on Sunday. “The first month I see …
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Emirates marks four years of operations to Poland
The new scheduled flight opened up enhanced opportunities for business, trade and tourism, strengthening ties between the UAE and Poland and forging a longstanding and invaluable partnership between the two countries. During the past four years …
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Compliance Officer, Commercial Banking
JC & Partners Recruitment – Dubai – Our client, a leading Commercial bank, is looking to hire a Compliance Officer to be in charge of supervising and handling issues related to compliance with laws or regulations in UAE. Key duties – Monitor changes …
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Dubai's troubled Arabtec working with boutique investment bank Moelis -sources
DUBAI Feb 12 Loss-making Dubai construction firm Arabtec is working with boutique investment bank Moelis to study options for the company’s capital structure, sources familiar with the matter told Reuters on Sunday. A mandate for restructuring advisory …
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Dubai’s troubled contractor Arabtec working with US investment bank Moelis
Loss-making Dubai construction firm Arabtec is working with boutique investment bank Moelis to study options for the company’s capital structure, sources familiar with the matter told Reuters on Sunday. A mandate for restructuring advisory firm …
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Al Ghurair International Exchange launches IMPS service for Indian customers in UAE
Al Ghurair International Exchange, the UAE-based foreign exchange and worldwide Money Transfer Company, has announced the launch of the immediate payment service (IMPS Service) for India through IndusInd Bank. Immediate Payment Service (IMPS) is an instant …
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