Average basic salary rises in the UAE are set to be in the region of 3 percent next year, according to global remuneration expert Robert Mosley. He predicted the pay increases despite an uncertain economic climate in the UAE with the imminent launch of …
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Gulf’s top IPO issuer in 2017
DUBAI — The economic activity associated with initial public … The UAE figure does not include $851 million IPO done by Adnoc Distribution in mid-December. The overall IPO activity from the Middle East saw a 225 percent increase in terms of volume …
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Eyeing overseas Indian wealth, Bank of Singapore to expand Dubai office
The private-banking arm of Oversea-Chinese Banking Corporation is adding more staff in Dubai, as the Singapore lender seeks a greater role managing the money of the Middle East’s wealthy and of Indians living overseas. Bank of Singapore plans to hire …
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Bank of Singapore hires bankers to manage Middle East, Indian money
SINGAPORE (BLOOMBERG) – The private-banking arm of Oversea-Chinese Banking Corp is adding more staff in Dubai, as the Singapore lender seeks a greater role managing the money of the Middle East’s wealthy and of Indians living overseas. Bank of Singapore …
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UAE tops the IPO issuers Gulf list in 2017
The United Arab Emirates (UAE) topped the list of countries in terms of raising capital through initial public offering in 2017. Four companies in the UAE raised a total $1.287 billion in 2017, followed by Saudi Arabia, which raised $663 million, according …
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UAE’s Amanat inks deal to up stake in education provider
Amanat Holdings on Thursday announced that it has increased its stake in Taaleem Holdings, one of the UAE’s largest providers of K-12 primary and secondary education, to 21.7 percent. The GCC’s largest investment company solely focused on healthcare …
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UAE banking on AI, and the results are showing
Every once in while, an event becomes a defining moment for an emerging technology. On October 19 this year, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, announced the appointment of …
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Saudis say Aramco IPO ‘on track’ as all options open for listing
Dubai: Saudi Aramco’s IPO is moving ahead and all options are open on where to list shares of the giant oil producer, the country’s finance minister said. The Saudi Arabian Oil Co, the world’s top crude exporter known as Aramco, is “on track” for …
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VAT-Ready Accounting Software for VAT Ready UAE
VAT comes into effect in the UAE at 7 a.m. on January 1 … that information gets automatically updated in your bank records. Invoicing that’s VAT compliant, yet customisable Did you know that there are 11 distinct details that a VAT-compliant invoice …
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New UAE research centre set to finance 3,000 scientists
Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, has launched the Mohammed bin Rashid Centre for Future Research. The centre’s first series of research initiatives will include the financing of a research community …
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UAE teachers to be offered financial rewards under ministerial decision
Substitute teachers working in government schools will be offered financial incentives to cover for permanent staff who are absent. The Vice President, Prime Minister and Ruler of Dubai, Sheikh Mohammed bin Rashid Al Maktoum, has issued a ministerial …
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Dubai Financial Market : UAE part of KHCB’s expansion scheme – Bucheeri
Dubai – Mubasher: Khaleeji Commercial Bank (KHCB) views the UAE market as one of its top priorities for its GCC expansion scheme, the bank’s deputy chairman said Tuesday. Speaking on the sidelines of KHCB’s listing on the Dubai Financial Market (DFM …
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Dubai’s Limitless says to make early debt payment of $112m
Dubai-based real estate developer Limitless has announced it … Once made, Limitless will have repaid almost half of its outstanding bank debt and trade creditor obligations. Thursday’s transactions will bring Limitless’ bank repayments to AED2.2 …
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Dubai firm buys ‘iconic’ London skyscraper for $357m
A subsidiary of the Dubai-based Al Gurg Group has bought an “iconic” skyscraper in one of London’s most vibrant neighbourhoods for £266.5 million ($357.1 million). Great Portland Estate and BP Pension Fund have sold the 20-storey building in Blackfriars …
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Bank of S’pore hiring staff for Mid-East wealth
The private-banking arm of OCBC Bank is adding more staff in Dubai, as the Singapore lender seeks a greater role in managing the money of the Middle East’s wealthy and of Indians living overseas. Bank of Singapore plans to hire about 20 relationship …
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Bank of Singapore to add more Dubai staff in wealth drive
The private-banking arm of Oversea-Chinese Banking Corp is adding more staff in Dubai, as the Singapore lender seeks a greater role managing the money of the Middle East’s wealthy and of Indians living overseas. Bank of Singapore plans to hire about 20 …
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Bank of Singapore Hires Private Bankers for Mideast Wealth
The private-banking arm of Oversea-Chinese Banking Corp. is adding more staff in Dubai, as the Singapore lender seeks a greater role managing the money of the Middle East’s wealthy and of Indians living overseas. Bank of Singapore plans to hire about …
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