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 ...)
DUBAI NEWS: Our top stories this week
1. Sean Connolly to open Dubai Opera restaurant in September Prominent chef Sean Connolly is stepping up to the task with a contemporary brasserie serving steak and seafood, opening this September. ‘Sean Connolly at Dubai Opera’ will have an informal ... ( read original story ...)
Lacklustre Rental Market Weakens Yields for UAE Property Investors
In six months to March 2017, rental yields fell in 15 of Dubai’s 23 apartment neighbourhoods and in 11 of the city’s 16 villa districts Abu Dhabi yields also broadly down, while Northern Emirates hold steady Yet yields remain excellent versus ... ( read original story ...)
UAE- Work at full tilt at Mohammed Bin Rashid Solar Plant’s R&D Centre
DUBAI, 23rd July, 2017 (WAM) -- The Senior Management of Dubai Electricity and Water Authority, DEWA, has got firsthand experience of the progress of work at the Research & Development, R & D, Centre, at the Mohammed bin Rashid Al Maktoum Solar Park, in ... ( read original story ...)
Almost 50% of Dubai SMEs expect business conditions to improve in Q3
Almost half of the small and medium-sized enterprises (SMEs) in Dubai are optimistic that business conditions in the emirate will improve in the third quarter of the year, according to a new survey by the Dubai Chamber of Commerce and Industry. Around 49 ... ( read original story ...)