Organizers expect 25 million visitors to attend over the course of the six-month event, despite concerns about the pandemic’s impact on travel and tourism.
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EXCLUSIVE-Abu Dhabi’s Mubadala reviews equities fund in investment shake-up – sources
Abu Dhabi state investor Mubadala is considering options including the spin-out of an internally managed $500 million public equities fund after a weak performance, two sources said, as the emirate …
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UAE, Israel export credit agencies ink trade cooperation deal
In a landmark agreement, the export credit agencies of UAE and Israel have signed a cooperation agreement to develop economic relations between the two countries, broadening the export financing …
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How to teach kids in the UAE about money
Finances are the number one concern for most adults and it’s because most adults were never taught about money – not at school, and not at home (usually). So, most adults learn about money through …
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A cashless society in the UAE cannot happen without financial inclusion
Anouar Bourakkadi Idrissi is the CEO of Edenred UAE At the onset of 2020, implementation of the wide-scale lockdown and …
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Two Africans jailed for robbing bank customer of Dhs60,000 in Dubai
Two African men, aged 28 and 33, were apprehended and referred to criminal court for mugging a man of Dhs60,000 in Dubai. Details of the incident indicate that the defendants used to target bank …
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Israel’s Bank Hapoalim sees huge opportunities for UAE – Israel banking cooperation
The normalisation of relations between the UAE and Israel has opened huge opportunities for businesses and financial institutions from both countries to cooperate, Dov Kotler, CEO of Bank Hapoalim …
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Emirates Islamic supports UAE businesses with global digital banking platform – ‘businessONLINE’
Emirates Islamic, one of the leading Islamic financial institutions in the UAE, has launched “businessONLINE” a digital business banking platform, to help businesses in the UAE manage all their …
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Schoolvoice teams up with “payit” to equip UAE schools with a fully-fledged digital payment solution
Abu Dhabi, UAE: Schoolvoice, an ed-tech digital platform designed for schools to optimize communication and engagement within their community, has signed a Memorandum of Understan …
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UAE Looks to Domestic Tourism, Desert Winter to Boost Revenue
The United Arab Emirates started a campaign to encourage local tourism and promote its desert winters, as it looks to recover from the impact of the pandemic. “The Most Beautiful Winter in the World” …
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UAE jails 6 expats, issues fines up to Dh160 million for money laundering
The Criminal Court has convicted six expats, and two companies owned by one of the accused, for committing money laundering by conducting suspicious banking transactions …
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UAE GDP expected back at pre-Covid levels by 2023
Hydrocarbon sector production to be boosted from 2022 as Opec+ oil production limits are lifted and new gas production comes on stream …
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Du supplies Dubai Department of Finance with robotics platform
UAE operator Du said it will deliver a Robotics Platform as a Service (RPaaS) on Dubai Pulse to Dubai’s Department of Finance (DoF). Dubai Pulse is the next-generation digital operating system from …
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The New UAE Economic Substance Regulations
Background The European Union (EU) has a blacklist of countries that do not meet the EU’s criteria on tax transparency, fair taxation, and the implementation of measures to counteract base er …
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Gold Hubs Including UAE Pledge Support for Crackdown on Illegal Trade
Eleven gold trading hubs including the United Arab Emirates have declared their support for an initiative by the world’s most influential bullion market authority to improve regulation on issues such …
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There’s Another Pipeline for IPOs Beyond Wall Street. It’s Saudi Arabia. Really.
New public offerings in Saudi Arabia are fast-growing innovators in the consumer sector in a middle-income country of 34 million.
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UAE- Islamic spend to boom
Propelled by a vibrant Islamic banking sector, global Islamic finance assets are forecast to reach $3.69 trillion by 2024, according to 2020 Islamic Finance Development Report.
The report, …