Dubai-based Abraaj, which manages about $13.6 billion, is reorganising the business following allegations in recent weeks that money in its healthcare fund had been misused. The Bill & Melinda Gates Foundation, the World Bank’s International Finance Corp …
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Why Companies Get Subpoenaed and How to Avoid It
Funds are raised through the creation and sale of virtual currencies … William Skelley, co-founder of William Chris, a Dubai-based consulting firm founded by David Drake and Simon Cocking thinks the SEC is doing what it is expected of it.
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Why Sound Legal Advice is Critical for Subpoenaed ICO Companies
Is SEC’s Move Justified? “Absolutely, I have a ton of respect for the SEC and love that they are protecting investors,” says William Skelley, Co-founder of William Chris, a Dubai-based consulting firm founded by David Drake and Simon Cocking.
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Gulf states set up company to facilitate money transfers
The countries’ central bank governors will sit on the board and a secondary office will be set up in the United Arab Emirates, he said, without saying when the company would start operating. The company is being started even though GCC members Bahrain …
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Dubai DOF, Deloitte partner to implement IPSAS
The Department of Finance (DOF) of the Government of Dubai has partnered with professional services firm Deloitte to enable the Government of Dubai to implement International Public Sector Accounting Standards (IPSAS). The strategic partnership agreement …
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First Abu Dhabi Bank Signs Escrow Agreement With RERA-RAK
First Abu Dhabi Bank (FAB), the UAE’s largest bank and one of the world’s largest and safest financial institutions, has signed an escrow agreement with the Real Estate Regulatory Administration in Ras Al Khaimah (RERA-RAK). The agreement allows the …
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UAE central bank to launch new EIBOR system next month
The United Arab Emirates central bank will next month launch a new way of setting Emirates Interbank Offered Rates (EIBOR), helping to make the system more accurate and transparent, a senior banking industry official told reporters on Monday. “We have …
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Top Skills Banking Professionals in the UAE Need to Succeed Today
Knowledge is key to successful people in all industries. But I would argue the banking and financial services landscape is among the few professions in the world, where a constant refresher of knowledge is not just integral to one’s success, but to simply …
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ENBD to back nationalisation drive at Careers UAE
Emirates NBD, a leading bank in the region, has announced its participation as part of the bank’s strategy to boost nationalisation efforts at the Careers UAE 2018, which will be held from 13 – 15 March at Dubai World Trade Centre. The bank’s …
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Are UAE banks really on the ‘path to profitability’?
READ: Who made the 30 under 30 list? Primarily, the data reveals that, in spite of increasing costs, the country’s four biggest banks – ADCB (Abu Dhabi Commercial Bank), DIB (Dubai Islamic Bank), Emirates NBD and FAB (First Abu Dhabi Bank …
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UAE Central Bank jobs for Emiratis at career event
The Central Bank of the UAE has announced its participation in the upcoming 2018 Careers UAE exhibition, a national platform that connects Emirati jobseekers with employers looking for local talent. Set to run from March 13-15 at the Dubai World Trade …
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ADCB Participates in Careers UAE 2018
Abu Dhabi Commercial Bank “ADCB” announced its participation in Careers UAE Exhibition 2018 to be held at Dubai World Trade Centre from13th to 15th March, 2018 under the patronage of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, UAE Vice …
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Mashreq Bank to participate in Careers UAE
Mashreq Bank, the UAE’s leading financial institution, will continue its efforts to foster the growth of Emirati talent through its participation in Careers UAE 2018. Taking place at the Dubai World Trade Centre from 13-15 March, this marks the 18th …
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Dubai’s Emirates NBD plans capital hike ahead of possible acquisition
Emirates NBD plans to raise its share capital by up to Dhs7.35bn ($2bn) through the issuance of new shares, as Dubai’s largest lender prepares to bid for Turkey’s Denizbank. The bank said in January it had started initial strategic talks with Sberbank …
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UAE- Why continuous training is vital to the banking and finance sector
(MENAFN – Khaleej Times) Knowledge is key to successful people in all industries. But I would argue the banking and financial services landscape is among the few professions in the world, where a constant refresher of knowledge is not just integral to one …
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Dubai’s Sobha Group aims to double annual sales to Dh2.5bn, mulls IPO
Sobha Group, the property developer building the $4 billion Sobha Hartland scheme in Dubai’s Mohammed bin Rashid City, and District One with Meydan Group, plans to double its annual sales volume to Dh2.5 billion by mid-2020, as it consolidates its market …
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Experts Discuss Impact of VAT on Banking and Finance at EIBFS Conference
In the banking and finance services industry, VAT impacts all corporates and small-and-medium enterprises, making it an important for all financial institutions to understand.” After speaking in a session entitled, ‘An Overview of UAE Vat Law’ during …
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