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Tag: finance

Posted on 16/08/2022

UAE tops in MENA venture capital funding, raising $115 million in first half

Pure Harvest Smart Farms’ deal in June $181 million mega round “drove the agriculture industry to the second-most funded rank” in the UAE over the first six months, this year UAE tops in MENA venture …
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Posted on 16/08/2022

Dubai records over AED1.4 billion in real estate transactions Monday

Dubai real estate market recorded 528 sales transactions worth AED1.28 billion, in addition to 91 mortgage deals of AED169.72 million, and 10 gift deals amounting to AED23.06 million on Monday, data …
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Posted on 15/08/2022

Dubai Gold and Commodities Exchange brokerage firms can now join DFM as derivatives members

Dubai Gold and Commodities Exchange-licenced brokerage companies can acquire a range of DFM derivatives membership licenses, including trading brokerage, and trading and clearing brokerage …
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Posted on 15/08/2022

UAE: New reporting rules will have no adverse impact on residential units supply

Dispelling an impression that new rules may slow down real estate activity, executives and property developers said the sector will continue to attract foreign …
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Posted on 15/08/2022

Alaan launches UAE’s first business card with up to 2% cashback

Commenting on the launch, Parthi Duraisamy, CEO and Co-Founder of Alaan said: “It’s great to have launched an industry-first business cashback card. Consumers have long had access to such cards in UAE …
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Posted on 15/08/2022

Chasing next UAE’s stock market winners means cutting out herd mentality

Tabreed outperformed in these 3 years – and there are more such winners among UAE stocks What does it take to exploit a market? This is complex query for it requires both methods as well as personal …
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Posted on 15/08/2022

Gold in the UAE: Buy or hold? Prices expected to drop further by mid-week, before rising again

Price of gold drops by Dh1 per gram on Monday morning in the UAE, but is it time to buy? With the price of gold dropping by Dh1 per gram on Monday morning, is it time to buy or hold? Image Credit: …
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Posted on 14/08/2022

How to use credit cards without falling into the debt trap

People have multiple cards to utilise various discounts, cash back or points systems. Others have because they maxed out the ones they have and take out new ones to use further …
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Posted on 14/08/2022

Sheikh Hamdan orders financial aid for 1,100 minors before new academic year begins in Dubai

Ahmad Abdulkarim Julfar, Director General of Dubai Community Development Authority, said: “The directives of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, refle …
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Posted on 14/08/2022

Dubai announces financial aid for over 1,100 kids before new school year

The Dubai Crown Prince has issued directives to offer additional financial assistance to over 1,100 minors before the start of the new academic year. The Dubai Community Development Authority said the …
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Posted on 14/08/2022

Dubai: Deputy Ruler wishes Pakistan on 75th Independence Day

Pakistan’s Prime Minister Shehbaz Sharif thanked the UAE for its announcement to invest $1 billion in Pakistani companies …
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Posted on 14/08/2022

‘How can I apply for statements of my closed UAE bank account from overseas?’

I have emailed and called the bank more times than I can count over the past few months and keep being told to log in to online banking — which I can’t do as the account is closed — and use my …
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Posted on 13/08/2022

Payroll software Bayzat secures support of UAE finance ministry fund

The Dubai-based HR and payroll software will use the funding to expand its workforce and to strengthen its technical development team Payroll software Bayzat secures support of UAE finance ministry …
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Posted on 13/08/2022

Dubai Electricity and Water Authority PJSC announces AED 12.08 billion revenue and 3.30 billion net profit in the first half of 2022

Dubai Electricity and Water Authority PJSC announces AED 12.08 billion revenue and 3.30 billion net profit in the first half of 2022 …
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Posted on 12/08/2022

Dubai: Top financial firms offer internships to celebrate International Youth Day

Several internships, sustainability programmes and other empowerment campaigns have been launched in Dubai to celebrate International Youth Day. The leadership at Century Financial has placed …
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Posted on 12/08/2022

American Attorney Convicted in UAE of Money Laundering Will Pay Fine – Lawyer

U.S. citizen and civil rights attorney Asim Ghafoor, who was convicted in the United Arab Emirates this week on money laundering charges, maintains his innocence but will pay the $1.36 million court …
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Posted on 12/08/2022

Payroll software Bayzat funded by UAE finance ministry fund

The Dubai-based HR and payroll software will use the funding to expand its workforce and to strengthen its technical development team Payroll software Bayzat funded by UAE finance ministry fund Bayzat …
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