Two former employees of a British hedge fund at the center of action brought by Denmark’s tax authority against dozens of financial professionals have hit back at “baseless” allegations that they took …
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Why the UAE could emerge as the preferred destination for Indian investments
Indian government takes decision to reclassify the UAE, making it more attractive for foreign portfolio investors …
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UAE trust law creates ‘hugely important tool’ for wealth sector
Investors ‘have a new structure in which to hold their assets efficiently and with full legal recognition’ #pinsentmasons #trusts #uae …
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How Mars mission success could send ‘Brand UAE’ stratospheric
The UAE’s Hope Probe on Tuesday completed a complex manoeuvre – the most critical part of the mission – that saw the spacecraft rapidly reducing its speed from 121,000km/h to 18,000km/h to enter Mars’ …
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UAE catapults into a new era of innovation, conquest of space
The UAE became first Arab country and fifth in the world to reach the Mars after the Hope Probe successfully entered the Red Planet’s orbit on Tuesday. Dr Raja Al Gurg, President of the Dubai Business …
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Saudi IPO market set for bumper year boosted by lockdown savings
Saudi Arabia’s stock market is set for another bumper year of stock market listings with several sizeable initial public offerings (IPO) in the pipeline as investors look to allocate a pile of cash …
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Cental Bank of UAE fines an exchange house Dh504,000
The exchange house was found with weak anti-money laundering compliance framework Abu Dhabi: The Central Bank of the UAE (CBUAE) recently imposed a financial sanction on an exchange house operating in …
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Goldman Bankers Join Saudi Media Group With Global Ambitions
Saudi Research & Marketing Group hired two bankers from Goldman Sachs Group Inc. in the Gulf as one of the Middle East’s biggest media companies shakes up its senior ranks and looks to bolster its …
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CIMIC shares drop as Middle East joint venture rated zero value
Australias biggest construction company, CIMIC, has given zero value to its Middle East business but says it still remains in talks with potential acquirers interested in buying out its stake while a …
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UAE Businessman’s Israeli Soccer Dream in Flux After Audit
An Emirati businessman’s proposed deal to become part-owner of an Israeli soccer club is hanging in the balance after the league raised questions about his net worth and investments.
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Kentech sets sight on IPO after deal to buy SNC-Lavalin’s oil and gas business
Dubai-based services company aims to seek public listing once integration of Canadian contractor’s oil and gas unit is complete …
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Kentech sets sights on IPO after deal to buy SNC-Lavalin’s oil and gas business
Dubai-based services company aims to seek public listing once integration of Canadian contractor’s oil and gas unit is complete …
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UAE’s Kentech Agrees to Buy Energy Unit of Canada’s SNC Lavalin
Canada’s SNC-Lavalin Group agreed to sell its oil and natural gas services business to Kentech Corporate Holdings Ltd., as the Dubai-based firm seeks to expand in markets such as the U.S. and Saudi …
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UAE Central Bank Sees Strong Rebound as Use of Covid Fund Drops
The United Arab Emirates’ central bank stood by its forecast for a return to growth in 2021 after lower crude prices and pandemic restrictions hit the Arab world’s second-largest economy.
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Banks reduce usage of UAE central bank stimulus package, governor says
Banks in the United Arab Emirates have reduced their use of a central bank stimulus scheme aimed at supporting liquidity during the COVID-19 pandemic, the central bank governor said. DUBAI, Feb 9 …
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Commercial Bank of Dubai Goes Live on UAE KYC Blockchain Platform
Commercial Bank of Dubai (CBD) has announced its go-live on the UAE KYC Blockchain Platform, an initiative which facilitates secure digital customer onboarding, instant bank account functionality, …
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Emirates Islamic launches new Business Banking centres in Dubai
UAE Islamic financial institution, Emirates Islamic, has expanded its Business Banking centre network to support small and medium enterprises.
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