FM Sitharaman clarified that NRI workers in Saudi, UAE and Qatar will not face any altered tax liability. (File photo) NEW DELHI: Union finance minister Nirmala Sitharaman on Thursday clarified …
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Salary income of Indian workers in Gulf exempt from I-T: Union Finance Minister Nirmala Sitharaman
Quoting a tweet of TMC MP Mahua Moitra, Sitharaman clarified that the Finance Act 2021 has not brought in any new or additional tax on Indian workers in Saudi/UAE/Oman/Qatar. The minister said the …
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Barbeque Nation finalises IPO share allotment today; check the status via these 2 options
The Rs 453-crore initial public offering of Barbeque Nation opened from March 24-26 and was subscribed almost six times.
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UAE finance minister Sheikh Hamdan passes away
The deputy ruler of Dubai and UAE finance minister, Sheikh Hamdan Bin Rashid Al Maktoum, passed away Wednesday morning. The news was shared by UAE Prime Minister Sheikh Mohammed Bin Rashid Al Maktoum …
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Dubai Deputy Ruler Sheikh Hamdan Bin Rashid was also the longest-serving finance minister in the world
Five decades of leadership leaves behind an unmatched legacy of economic reforms Dubai: Sheikh Hamdan Bin Rashid Al Maktoum, the UAE’s finance minister for the past five decades, who was the longest …
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Danish Court Rules in Favor of Pre-Trial Detention for Hedge-Fund Trader Sanjay Shah
A Danish court has ruled that hedge-fund trader Sanjay Shah and an associate should be … paves the way for Denmark to seek formal extradition of Shah, who lives in Dubai, and his alleged accomplice, …
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Pakistani rupee strengthens to nearly 41 vs UAE dirham
Pakistan rupee rose to nearly 41 against the UAE dirham on Wednesday after Islamabad raised $ … Hamad Azhar, Pakistan’s finance minister, said rupee currency is standing on its own without the …
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ALVAREZ & MARSAL 2020 UAE banking pulse expects the sector to rise in 2021
Leading global professional services firm Alvarez &Marsal (A&M) has released its latest UAE Banking Pulse for FY 2020. The report suggests that while the operating environment for the UAE’s banking …
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Barbeque Nation IPO allotment status: Here is how to check your shares
The Barbeque-Nation Hospitality IPO was subscribed 5.98 times and the shares will now get allotted to investors. Here’s how to check if you have been allotted the shares.
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Dubai: 87% residents positive about getting a job this year
Mohammed Ali Rashed Lootah, CEO of the Commercial Compliance & Consumer Protection (CCCP) Sector in Dubai Economy, credited “improvements in personal finance conditions of consumers” for the rise.
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Saudi Arabia’s bourse invites banks to pitch for roles in its upcoming IPO – sources
Saudi Arabia’s bourse, Tadawul, has invited banks to pitch for roles in its highly-anticipated flotation, three sources told Reuters on Wednesday. Tadawul hired HSBC in 2016 to manage an IPO initially …
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Dubai-based hedge fund trader’s $2 bln tax trial begins in London
The UK civil case is one avenue that Denmark’s tax authority is pursuing in a bid to claw back massive tax rebates it says it unwittingly handed to Shah and others. The nation has also charged Shah, …
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Saudi Arabia announces $1.3 trillion private sector investment push led by Aramco, SABIC
DUBAI (Reuters) – Saudi Arabia’s crown prince … planned to offload its shares in companies in coming years and to IPO projects it is launching. “We will recycle the money. We shouldn’t keep …
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Aafaq Islamic Finance Launches Exclusive “Happiness” Package For Dubai’s DED Employees
In conjunction with the “International Day of Happiness” celebrated around the world in March, Aafaq Islamic Finance launches a new “Happiness” package …
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UAE 2021 budget: Social development gets Dh26.04 billion
Dubai: Nearly 43 per cent of the UAE’s Dh58.11 billion federal budget for 2021 will be assigned for social development and social benefits, according to the Ministry of Finance. More to follow. Get …
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Dubai to establish one of the world’s largest waste-to-energy plants
Dubai Waste Management (DWMC) has announced that it has secured project finance worth $900 million from major institutional lenders, including Japan Bank for International Cooperation (JBIC) for a …
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Dubai to develop Dh4 billion energy from waste facility
I feel the future of our kids is in the safe hands of the UAE’s leadership,” Maniar told Khaleej Times on Monday. Project finance loan agreements worth $900 million have been finalised with Japan Bank …
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