The overall real GDP of UAE is estimated to have grown by 1.7 per cent in 2019, according to the Central Bank of the UAE. “The UAE hydrocarbon sector is estimated to have exhibited a growth of 3.4 per …
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Watchdog investigates EY audit of scandal-hit NMC Health
Move piles further pressure on EY, whose audit of Thomas Cook is also being investigated …
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UAE’s Salama shareholders approve increase in foreign ownership limit
It is the first cash dividend since Salama’s IPO. Salama posted a net profit attributable to shareholders of 54.7 million UAE dirhams ($14.9 million) in 2019, compared to 2 million UAE dirhams in 2018 …
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Tasjeel.ae Launches UAE Premium Domain Marketplace
Tasjeel is launching a dedicated UAE premium domain name marketplace. The new platform will allow buyers to purchase premium domain names that are already registered. This will make it easier for …
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Can bank notes spread COVID-19 faster? UAE Central Bank responds
UAE Banks have warned customers to always sanitise their bank notes, use cards instead Dubai: How often should you clean your ‘dirty’ money? Amid the ongoing pandemic, the Dubai Health Authority (DHA) …
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UAE’s first virtual signing takes place to signify partnership and announce new finance solutions for SMEs and corporates
Through the agreement, Deem’s business customers will be able to access Noor Takaful | Ethical Insurance’s wide-range of commercial insurance products …
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Sell-off on UAE bourses continues for second day
The sell-off was prompted by regional economic worries, slump in oil prices and renewed US-China trade war worries. WTI crude was down by nearly 7 per cent while Brent was trading 1.44 per cent lower …
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Combating coronavirus: Dubai South announces economic stimulus package
Package features flexible payment plans with easy instalment schemes, waivers of penalties on late renewals, and 20% reduction on licence fees renewals.
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Interview: Saudi Arabia is open for business despite the pandemic
Attracting foreign investment into Saudi Arabia is one of the key components of the Vision 2030 strategy to move away from oil dependency and encourage the non-oil economy. But it has been a …
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UAE second-strongest financially in Arab world’s emerging economies
Ranking globally up because of strong drive towards reforms, anchoring many initiatives to enhance competitiveness …
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Hedge Fund Myths Busted
Still on Dubai, we also find out what opportunities the drone industry presents from the Dubai Airshow. CNBC’s David Reid reports. Despite the misconception that hedge funds are risky …
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Cruise passengers to face `rigorous´ medical checks
The UK’s biggest cruise line will introduce stringent measures to ensure it obeys international health guidelines when it restarts operations once the coronavirus pandemic recedes.
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COVID-19: UAE’s ADIB bids on digital to drive Islamic trade finance
“We are now executing more Islamic trade finance transactions through our digital platform” This website uses cookies to improve your online experience. They were placed on your computer when you …
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Coronavirus: Hackers pose as Dubai Police to steal bank details
I was suspicious about him from the start so in the time between his first and second calls, I rang up Dubai Police who confirmed the calls weren’t from them. The fraudster w …
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UAE doing too little to stem money laundering and terrorist finance – watchdog
The United Arab Emirates is not doing enough to prevent money laundering despite recent progress, and causing concerns about its ability to combat financing of terrorism, the global dirty money …
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UAE doing too little to stem terrorist financing, says watchdog
If the UAE fails to improve, it may find itself alongside states such as Syria, Yemen and Pakistan, which the FATF deems to have “strategic deficiencies.” …
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UAE MoF receives budget draft from federal entities
The UAE Ministry of Finance (MoF) has announced receiving the federal budget draft for 2021 from federal entities through its automated budget preparation system, which was fully developed, and for …
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