The United Arab Emirates and Israel have reached a preliminary agreement on avoiding double taxation, as part of moves to encourage investments between the two countries, the UAE finance ministry said …
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UAE, Israel to Start Talks to Avoid Double Taxation
The talks are set to begin soon, state-run WAM news agency reported, citing the UAE finance ministry’s undersecretray Younis Al-Khoori. Israel’s Cabinet Approves UAE Pact as Leaders Plan Meeting …
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UAE: Why are remittance fees still quite high?
Remit fees still takes quite a bite out of your transfers, here’s why and what can be done Cash, debit or credit: What’s the right mix for UAE residents this pandemic? It’s often been told that …
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H.E. Obaid Humaid Al Tayer participates in fourth G20 Finance Ministers and Central Bank Governors’ meeting
Heading the attending UAE delegation, H.E. Obaid Humaid Al Tayer, Minister of State for Financial Affairs, participated in the fourth G20 Finance Ministers and Central Bank Governors’ meeting that …
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JGroup to invest $15m in Dubai-based FoxPush
By leveraging its advanced suite of solutions, FoxPush today can reach 3 out of 5 people living in the Middle East and North Africa region.
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UAE banks should be pushing mortgages to prop up property demand
On the one hand, easier and cheaper access to credit reduces borrower financing constraints and increases the total demand for housing, which in turn leads to higher prices. Conversely, however, …
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UAE Central Bank withdraws Dhs10.9bn in excess liquidity during August
The Central Bank of the UAE (CBUAE) withdrew Dhs10.9bn from additional liquidity during the month of August to maintain economic resilience. This move came after the central bank met the market needs …
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Saudi finance minister says Vision 2030 ‘tried and tested’
Saudi Arabia’s finance minister said on Wednesday that the kingdom’s Vision 2030 to diversify the economy away from oil has been “tried and tested”, particularly during the coronavirus pandemic.
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Meet Karl Feilder: Dubai’s emerging Elon Musk of biodiesel
Around the region, it’s going to be more than double that,” Karl W Feilder, CEO and Chairman of Neutral Group, told Gulf News. Biodiesel is a domestically produced, clean-burning, renewable substitute …
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IFLR Middle East Awards 2020 – winners announced
IFLR is delighted to announce the winners of the 2020 Middle East Awards, recognising the most innovative cross-border work from across the region over 2019-2020. The awards caps off months of …
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Commercial Bank of Dubai tightens guidance for perpetual bonds – document
Commercial Bank of Dubai CBD.DU tightened the price guidance for U.S. dollar-denominated perpetual bonds that are non-callable for six years and received more than $1.4 billion in orders for the debt …
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Commercial Bank of Dubai markets perpetual bonds – document
DUBAI – Commercial Bank of Dubai began marketing U.S. dollar-denominated perpetual bonds that are non-callable for six years, a document showed on Monday. CBD gave initial price guidance of around …
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The Debt Panel: ‘My bank issued me with a credit card with a Dh60,000 limit that I didn’t apply for’
I am writing to you regarding a loan application I made with a bank in the UAE. During the application process, I was told by the agent that I could cancel it at any time before I provided my salary …
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UAE Business Leaders Introduce Emirati Startups to Israelis at OurCrowd-Emirates Angels Event
OurCrowd, the world’s largest global venture investing platform and Emirates Angels Investors Association, the leading Emirati angel investment network, today held an online event which gave Israeli …
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UAE economy set for 3.1% growth in 2021: IIF
according to the latest forecast by the Institute of International Finance (IIF). Washington-based IIF said that the UAE is expected to experience a deeper contraction this year than predicted in May.
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UAE economy to record 1.3% growth in 2021 after contracting 6.6% this year, says IMF
Dubai: The UAE economy will have a 1.3 per cent real GDP growth in 2021 following a 6.6 per cent contraction this year, the IMF says in its latest World Economic Outlook Report. The IMF’s …
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Dubai Mercantile Exchange signs MOU with Kpler to deliver enhanced market intelligence
Access to data from hundreds of sources including AIS signals, satellite images, logistics and commercial reports …
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