Abu Dhabi National Oil Company (ADNOC) and holding company ADQ have signed a joint venture deal to invest in chemicals projects in the planned Ruwais Derivatives Park, a statement from ADNOC said on …
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DMCCA sets Jumeirah Lakes Towers plan for members
Dubai tea Trading Centre and Dubai Cotton Centre, and a range of commodities backed financial investment tools including Shariah compliant hedge funds and Dubai Gold Securities, the region’s …
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Is the UAE Likely to Introduce Corporate Taxes?
He said the recent introduction of economic substance rules in the UAE should not be taken as any sort of indication that it intended to introduce corporation tax. “Economic substance was introduced …
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DIFC, Dubai FDI to jointly stimulate investment
… of Dubai whose mission is to stimulate and sustain foreign investment in Dubai. Its mission is consistent with DIFC’s focus to drive the future of finance by attracting leading companies and …
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MIDEAST STOCKS-Emirates NBD Bank leads Dubai higher; Egypt extends gains
Dubai’s stock market ended higher on Tuesday, led by gains for Emirates NBD Bank ENBD.DU after the emirate’s biggest lender received regulatory approval to increase its foreign ownership limit. The …
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UAE successfully launches its Hope Probe on a mission to Mars
The UAE’s Mars-bound Hope mission has successfully launched from Japan’s Tanegashima Space Center aboard a Mitsubishi H-2A rocket. About an hour after liftoff, the Hope Probe separated from the rocket …
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UAE’s Sirajpower Secures a $50 Million Portfolio Debt Financing From APICORp
SirajPower, UAE’s leading distributed solar energy provider, today announced it has signed a $50 million long-term non-recourse credit facility for sola …
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What UAE SMEs need is a full-scale revival plan
The task before you – to catalyze entrepreneurship and attract businesses to the UAE – is a challenging one. We hope the broad scope of issues to be tackled, is accompanied by the appropriate latitude …
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Most-wanted Wirecard executive transferred large amounts of Bitcoin from Dubai to Russia—Report
The former chief operating officer at disgraced payments firm Wirecard has reportedly transferred bitcoin from Dubai following his escape from Germany, according to reporting by German media. Jan …
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UAE- Khaleej Times to host virtual summit for finance, accounting
Khaleej Times has announced its next virtual summit, New-Age Finance and Accounting Summit , exclusively for the finance and accounting industry in the region. The two-day virtual event will take …
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UAE- Obaid Al Tayer participates in 3rd meeting of G20 Finance Ministers and Central Bank Governors
DUBAI, 19th July, 2020 (WAM) — Obaid bin Humaid Al Tayer, Minister of State for Financial Affairs, participated in the third regular meeting of the Group of Twenty, G20, Finance Ministers and Central …
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UAE- HDFC Bank June quarter profit rises by a fifth, warns of higher defaults
The net profit of India’s largest private lender, HDFC Bank Ltd, grew by nearly a fifth, it said on Saturday, driven by higher interest income and lower costs.HDFC Bank’s net profit for the quarter …
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UAE- 2,584 companies operating at DIFC, 13% YoY increase
DUBAI, 18th July, 2020 (WAM) — Dubai International Financial Centre (DIFC), the leading international financial hub in the Middle East, Africa and South Asia (MEASA) region, continued to drive the …
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UAE- Hamdan bin Rashid appoints Board of Trustees of Al Maktoum Foundation
DUBAI, 18th July, 2020 (WAM) — H.H. Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and Minister of Finance, has appointed a Board of Trustees of the Al Maktoum Foundation, headed by …
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Covid-19: Be smart online and stay away from cybercriminals, warn UAE police
As people stayed home and life moved more into online activities during the Covid-19 pandemic, fraudsters also became active in the cyber world, targeting online users. With movement restrictions and …
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Saudi economy likely worse in Q2 despite June improvement: c.bank governor
Saudi Arabia’s economy likely deteriorated more in the second quarter than in the first three months of the year, the Saudi central bank governor said on Saturday. Speaking at the end of a virtual …
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UAE- DIFC beats odds, attracts more firms despite Covid
Dubai continues to be a magnet for financial and fintech firms even during the coronavirus pandemic as the number companies at the Dubai International Financial Centre (DIFC) increased by 13 per cent …
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