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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FAB, ENBD Rank Among Top Five Mideast Lenders As Assets Of 22 UAE Banks Hit Dh3.023T
First Abu Dhabi Bank and Emirates NBD, the two largest banks of the UAE, are ranked among the top five lenders in the Middle East, according to F …
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UAE Financial Wealth To Grow by 6.7% Annually
A new BCG report expects that the UAE financial wealth will rise from USD 0.7 trillion in 2021 to a high of USD 1 trillion in 2026; Equities & investment funds are the largest ass …
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Middle East businesses, governments need to reclaim ‘green finance’ mojo
There was a point in 2021 when green finance in the Middle East and North Africa (MENA) region was growing faster than the world as a whole. In the first six months of that year, issuances of green …
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National banks’ gross assets in UAE stand at Dhs3 trillion in first five months of 2022: CBUAE
Total assets of the 22 national banks rose to Dhs3.023 trillion in the first five months of 2022, up 4 per cent (Dhs117.3 billion), according to latest statistics released by the UAE Central Bank …
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Emirates Development Bank approves Dh2.4 billion in finance during H1
The initiatives deployed by EDB are part of its new strategy to support the UAE’s industrial growth, adoption of advanced technology, enhancement of the role of …
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