The introduction of a corporate tax in the UAE will turn away international investors and wealthy residents, according to the chairman of tax advisory GWS Group, in response to a prediction by Emirati …
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Majority of UAE banks plan to enable open banking in one year
Eighty-eight percent of finance institutions in the UAE plan to enable open banking in the next 12 months, a survey conducted by Finastra research revealed. Open Banking is a system that provides …
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Shrinking interest margins hurt UAE bank profits
The report said that the top 10 UAE banks reported a combined 6.3 per cent quarter-on-quarter drop in interest income, largely due to the low interest rate environment. The net profit declined by 22.4 …
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Islamic Finance: OIC’s economic share at $6.6trln
The share of the Organisation of Islamic Countries (OIC), in the global economy shrank last year, accounting for 8 per cent or $6.6 trillion of global economy which is estimated at $86.6 trillion, …
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UAE- Cabinet approves newly-formed AECB’s Board of Directors
The Cabinet has approved a resolution to reconstitute the Board of Directors of Al Etihad Credit Bureau, AECB, under the chairmanship of H.H. Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai …
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UAE- OIC’s economic share at $6.6 trillion
The share of the Organisation of Islamic Countries (OIC), in the global economy shrank last year, accounting for 8 per cent or $6.6 trillion of global economy which is estimated at $86.6 trillion, …
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KSA and UAE Food & Beverage Markets 2019-2020 – Consumption Habits, Mega Trends, Emerging Opportunities
The 2020 outlook of the KSA and UAE F&B market charts out the prevailing trends in the F&B consumption patterns across the 2 countries, and provides the shares of the various food …
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Amid pandemic, life insurance becomes priority for UAE residents
According to the survey results, 46 percent of UAE residents have indicated that life insurance is more important to them than before the pandemic – placing it four times higher than travel insurance …
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Jailed Businessman Gets Chance To Attend UK Fraud Trial
An Indian businessman accused of tricking a hedge fund into buying $70 million in securities won a chance at defending himself in London when a judge adjourned the trial on Thursday to allow him to …
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Best Things to Do in Dubai and Skydiving Packages From Cloudsdeal
Cloudsdeal.com presents a complete list of amazing places to explore in Dubai, one of the most beautiful cities that everyone must visit on their vacation. From the record-breaking architecture, …
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2020 Outlook of the KSA and UAE Food & Beverage Market – ResearchAndMarkets.com
Outlook of the KSA and UAE F&B Market” report has been added to ResearchAndMarkets.com’s offering. The 2020 outlook of the KSA and UAE F&B market charts out the prevailing trends in the F&B …
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Rice in the Desert: Pandemic Spurs UAE to Grow More Food
The United Arab Emirates doesn’t spring to mind as an obvious place to farm rice, but the coronavirus is prodding the arid nation to explore new ways of feeding itself.In a pilot project with South …
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COVID-19 is turning many UAE expats with jobs into supersavers
It may even have created a generation of expatriate supersavers who will reshape the economy. Since March, some of the households in the UAE fortunate enough to retain jobs have been able to save …
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Warner Music’s upsized IPO raises $1.9bln in biggest U.S. listing this year
Warner Music Group, the world’s third-largest recording label, said on Wednesday its upsized initial public offering raised $1.93 billion in the biggest U.S. listing so far in 2020. The company …
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Food & Beverage Market to Surpass $80 Billion in 2020 in KSA and UAE
Frost & Sullivan’s recent analysis, 2020 Outlook of the KSA and UAE F&B Market, finds that the food and beverage (F&B) market in the Kingdom of Saudi Arabia (KSA) and the United Arab Emirates (UAE) …
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Covid-19 may have accelerated IPO for Fine Hygienic Holding, says CEO
The Jordan-based company has more than doubled its profit over the past two years, according to James Michael Lafferty …
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DFM reinforces its digital transformation drive
Dubai: Dubai Financial Market (DFM) today launchd its all-inclusive “DFM Smart Services App”, as the most recent step to strengthen its leading position in terms of digital transformation and as part …
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