A range of criminals, corrupt politicians and money launderers call Dubai home or operate from inside its glistening towers, according to a new report.
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Why UAE companies must comply with economic substance regulations
The objective for introducing ESR is to avoid shifting of profits from high tax jurisdictions to low or no tax jurisdictions …
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UAE among top 10 countries ready to adopt driverless cars
the UAE is well on its way to achieving its goal of a future where the use of AVs becomes mainstream on its roads,” said Ravi Suri, Partner, Global Head of Infrastructure Finance, KPMG Lower Gulf. As …
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Dubai Non-Oil Private Sector Emerges From Contraction in June: PMI
Dubai, the Middle East’s trade and tourism hub … featuring tips and expert insight on all things money: personal finance, careers, investing, real estate and more. Investing for Retirement …
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Dubai’s Nomad Homes raises $4m in seeding funding
Dubai-based digital real estate platform Nomad … The company is building a managed marketplace for users to search, transact, and finance residential real estate. Nomad aims to help its …
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SynProNize Launches Distribution, Production & Monetization Company from Dubai UAE
Founders Nitin Michael and Hasnaa Descuns announce the launch of their new content production and distribution agency which will partner with top digital platforms and linear broadcasters in APAC, Afr …
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Dubai’s real estate is now taking a fancy to Bitcoin. Read to find out how!
As things stand now, no developer signs SPAs based on Bitcoin. It is a lot to do with accepting the process and the channel in which the payment can be made to developers. “It is still very limited… …
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UAE banks’ lending, deposit growth stable: report
The report covers macro-financial conditions, regulatory developments, assessments of the banking and finance sector, as well as assessments of payment systems, capital markets and the insurance …
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UAE banks can withstand shocks of any size -central bank
The United Arab Emirates Central Bank said on Tuesday the country’s banking sector can withstand any scale of shock as banks are well capitalised, despite forecasting a deterioration of credit metrics …
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Coronavirus: UAE banking sector can withstand shocks of any size, says central bank
UAE banking sector is able to withstand macro-financial shocks of any size, says UAE Central Bak. (WAM) The United Arab Emirates Central Bank said on Tuesday the country’s banking sector can withstand …
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UAE banking system can withstand shocks of any scale, CBUAE says
Stress tests demonstrate the country’s banking system is ‘resilient’, with liquidity buffers well above regulatory requirements …
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UAE’s Central Bank launches new deposit facility for banks
The facility is a first step towards implementing the new Dirham Monetary Framework announced earlier this year …
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UAE Central Bank to launch overnight deposit facility for banks
A new facility allowing banks in the UAE to deposit surplus liquidity on an overnight basis is to be launched from July 12. The Central Bank of the UAE (CBUAE) is behind the Overnight Deposit Facility …
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MIDEAST STOCKS-Banks, property shares buoy UAE; Egypt retreats
The blue-chip index .EGX30 in Egypt slipped 0.3%, ending three sessions of gains, hurt by a 3.8% decline in tobacco monopoly Eastern Company EAST.CA. Saudi Arabia’s benchmark index .TASI edged up 0.1% …
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Abu Dhabi’s TAQA will finance the UAE’s biggest gas power plant with $1.14 bln
Abu Dhabi National Energy Company (TAQA) has agreed financing for the UAE’s largest gas-fired power plant which is expected to cost approximately 4.2 billion dirhams ($1.14 billion), the company …
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UAE Cabinet reshuffle: federal fund handed more assets and responsibilities
In a decision announced by Sheikh Mohammed bin Rashid, companies including Federal Electricity and Water Authority and Emirates Real Estate Corporation are now attached to the Emirates Investment Auth …
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Amlak Finance signs agreement with Dubai Land Department
Amlak Finance has announced a newly formed partnership with Dubai Land Department (DLD), which aims at allowing customers to invest in …
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