The United Arab Emirates plans to offer citizenship to a select group of foreigners, the first Gulf Arab nation to formalize a process aimed at giving expatriates a bigger stake in the economy. The …
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UAE banking sector: Analysts warn of profitability pressures; liquidity to remain strong
The lifting of forbearance measures by the UAE Central Bank could reveal the true state of banking sector’s asset quality …
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Dubai says local companies must IPO locally before seeking listings abroad
Dubai ordered local companies to sell shares in local stock markets before seeking listings in other emirates or abroad, a decree from Dubai’s ruler showed on Saturday.
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UAE to Open Citizenship to Select Foreigners to Boost Growth
The United Arab Emirates plans to offer citizenship to a select group of foreigners, the first Gulf Arab nation to formalize a process aimed at giving expatriates a bigger stake in the economy. The …
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UAE adopts amendments to grant citizenship to investors and other professionals
The United Arab Emirates has adopted amendments that would allow the Gulf state to grant citizenship to investors and other professionals including scientists, doctors and their families, the …
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Dubai blamed for virus cases abroad as questions swirl at home
After opening itself to New Year’s revelers, Dubai is now being blamed by several countries for spreading the coronavirus abroad, even as questions swirl about the …
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UAE- Will FM gift NRIs with a special package?
India’s finance minister Nirmala Sitharaman has described the upcoming budget as unlike anything seen before. While it’s the first one to go paperless, what’s keeping non-resident Indians (NRIs) in …
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IMA Publishes New Report on the Pandemic’s Impact on Businesses and the Finance Function
A report by IMA® (Institute of Management Accountants) released today outlines how the pandemic is affecting finance functions and challenging organizations worldwide. “The Impact of COVID-19 on the …
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Dubai blamed for virus cases abroad amid questions over Covid-19 spike at home
However, Nasser al-Shaikh, Dubai’s former finance minister, offered a different assessment on Twitter, and asked authorities to take control of a spiralling caseload. “The leadership bases its …
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COVID-19 had disparate impact on accounting and finance
The coronavirus pandemic affected the revenues and finance functions of most companies, but the impact depended to some degree on what industry they were in and what country.
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Russia sees UAE as strategic hub to boost, diversify exports
Russian food manufacturers can benefit from leveraging the UAE as a strategic hub to boost and diversify exports globally, industry experts said during a recent webinar hosted by Dubai Chamber of Comm …
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The future of UAE digital shopping beyond Covid-19
Kartik Taneja, Executive Vice President, Head of Payments at Mashreq Bank, explains why the shift from cash to cashless will benefit the UAE’s …
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UAE banking sector still ‘in good health’: Emirates NBD
The UAE’s banking sector remains financially sound despite going through challenges posed by the coronavirus pandemic, said Emirates NBD, Dubai’s largest bank, on Wednesday. The bank is predicting the …
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Predictions and trends impacting finance and banking in 2021
Miljan Stamenkovic, General Manager of the Middle East and North Africa region at Mambu, a SaaS cloud banking platform, revealed the ‘2021 Banking and Finance Predictions’, of which we picked 3 …
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First in MENA: HSBC issues green trade finance facility to Lamprell Energy
HSBC has issued a trade finance facility, raising $48 million for UAE-based Lamprell to support work on the Seagreen Offshore Wind Farm project off the coast of Scotland. HSBC, the sole arranger for …
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ADNOC named UAE’s most valuable brand for third consecutive year
ABU DHABI – ADNOC maintained in 2021 its position as the UAE’s most valuable brand for the third consecutive year, according to a new report from Brand Finance, the world’s leading independent branded …
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Israel-UAE deal opens up great business opportunities
President Rivlin said the signing of the Abraham Accords and the normalisation of relationship have opened up immense business opportunities for the …
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