The UAE on March 24 reaffirmed that it would invest in Indonesia’s new capital city project through an existing $10 billion funding commitment to the Indonesia Investment Authority (INA).
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Application of Fatca on financial institutions in the UAE
Usually, depository institutions like banks, custodial institutions like mutual funds, investment entities like hedge funds or private equity funds, and certain …
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Lebanon political stalemate, accounting rules distort Bank of Sharjah financials
UAE operations remain profitable, resolution to Lebanon woes likely in medium term Dubai: Bank of Sharjah has reported preliminary profits in its UAE operations, but remains in consolidated net loss …
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How Dubai became the last safe haven for rich Russians
Russian money has increasingly washed up in Dubai and the country’s neutral stance on the war has attracted rich couples …
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Is Salary In Uae Tax Free?
Is There Any Tax On Salary In Dubai? Individuals in the UAE are not subject to income tax. Besides the oil industry and foreign banks, the tax on them is imposed. These taxes come …
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How Will Vat Affect Uae Economy?
What Effect Can A Vat Have On Government Spending? Does a VAT affect VAT have on government spending? ? Government spending is likely (less, led to less, led to more s and lead to …
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Should U Close Your Bank Account In Uae Before Leaving?
Can I Keep My Bank Account Open If I Leave Uae? In order to remain a resident account, you can request that the bank convert it. When a UAE resident leaves without closing his/her account as soon as …
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Is A Bank Loan Debt A Criminal Case In Uae?
What Happens If Bank Loan Not Paid In Uae? A person’s credit score is negatively affected by all the payments made in the past who have not paid off. In the long run, credit sco …
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Dubai throws open the doors for the rich Russians escaping sanctions
Among bankers, power brokers and global tycoons, the UAE has long been known as a receptive environment for investment that asks few questions. A residency permit and a bank account can be obtained in …
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Meet the expats living on a shoestring budget in the UAE to fulfil big dreams
Dubai: There are myriads of instances when the UAE has helped expats with ordinary jobs pursue extraordinary dreams. While thousands of tourists flock to Dubai and the UAE to tick …
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Does Uae Have A Desert?
Did Dubai Used To Be A Desert? During less than 50 years, Abu Dhabi became the world’s most beautiful desert city when it went from a desert backwater to one of the most awe ins …
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Dubai: Industry talent, leadership honoured at International Finance Awards
The International Finance Awards 2021, which recognises industry talent, leadership skills, industry net worth, and capability on an international platform, were presented at a glittering ceremony in …
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GBF LATAM 2022 examines growing importance of virtual assets in revolutionising finance and banking
Growing momentum behind digital banking in Latin America presents significant avenues for collaboration between industry players in the r …
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360tf: First Fintech in UAE to be awarded at the Global Banking & Finance Awards
We are delighted to have been awarded the ‘Best New Trade Finance Technology Provider UAE: 2022’ in the Banking and Finance awards. This is in recognition of our user-friendly and seamless Fintech …
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UAE company behind ambitious icebergs project wins patent from the UK
National Advisor Bureau Limited seeks to tow icebergs from Antarctica to the Fujairah coast as new sources of fresh water in the region UAE company behind ambitious icebergs project wins patent from …
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UAE banks are challenged by higher interest rates to recover defaulted loans
Under the earlier law, bounced cheques were treated as a criminal offence in the UAE and banks had the option of pursuing criminal proceedings against the defaulters in both th …
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Dubai’s $34 bln utility float tees up IPO drive
State-owned DEWA will be the emirate’s largest listing since 2007. Its pricing muscle and generous dividend are drawcards, as is the cheap valuation. That reflects the political desire for the debut …
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