Earlier this month, technician Rakesh B. Kitturmath, chief accountant Bala Krishna Nakka and finance analyst Mitesh Udeshi were fired for similar derogatory social media posts that violated the UAE …
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DFM launches the first of its kind ESG Index
Following the IPO, the Government of Dubai retained the remaining 80 per cent of DFM Company through Borse Dubai Limited. www.dfm.ae Disclaimer: The contents of this press release was provided from an …
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U.S. dollar jumps vs Saudi riyal in forwards market as oil slumps
The U.S. dollar rose against the Saudi riyal in the forwards market on Wednesday after oil prices slumped, with Brent crude futures dropping to their lowest in more than two decades as the coronavirus …
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Middlesex University Dubai: Get a quality UK degree in Dubai
The Middlesex University Dubai offers a wide range of undergraduate and postgraduate programmes including Foundation, Business Management, Marketing, Accounting and Finance, Tourism, Computer …
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Saudi finance minister set to provide update on Kingdom’s economy
RIYADH: Mohammed Al-Jadaan, the minister of finance and acting minister of economy and planning is set to discuss the latest economic developments in Saudi Arabia in light of the challenges facing the …
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UAE’s FTA extends deadline for VAT filings, payments
The UAE’s Federal Tax Authority (FTA) has given an alternative date – ‘on an exceptional basis’ – of May 28 for businesses to file their VAT returns and pay any due tax in light of restrictions …
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UAE urges against food export restrictions at G20 agricultural meeting
The United Arab Emirates Minister of State for Food Security urged countries to work together to maintain global food supply chains as coronavirus lockdowns disrupt the food and agriculture industry.
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Dubai paperless strategy: 14 Dubai Government entities cut their paper consumption by 64.9% to date.
This group includes Dubai Corporation for Ambulance Services, Islamic Affairs and Charitable Activities Department, Dubai Media Inc., Department of Finance Dubai, Dubai Government Human Resources …
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Combating coronavirus: UAE fights Covid-19 with over 100 incentives in 45 days
The Abu Dhabi Government launched several financial incentives that aim to support the community and companies, in coordination with local banks and in cooperation with the departments of Finance and …
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UAE banks’ required reserves up in March
This will inject liquidity of about AED61 billion, which can be used to support banks’ lending to the UAE economy and their liquidity management. The CBUAE has further extended the duration of the …
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UAE banks to consider expats’ expired visa, Emirates ID for transactions
All the visas, Emirates IDs and entry permits of the UAE residents expired after March 1, 2020 are valid for bank transactions. The UAE Central Bank has instructed all the banks in the country to …
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Q1-20 disappoints: UAE stocks drop on weak bank results
The impairment charges weighed on other bank stocks – shares of Dubai Islamic Bank were down 1.1 per cent, alongside UAE’s largest lender First Abu Dhabi Bank, which dropped 4.6 per cent.
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Dubai’s Grand Mufti confirms that Zakat can be paid to those affected by Covid-19
Every person whose finances permit must help the needy or those affected by the global crisis this year, the director added. The UAE Food Bank, Mohammed bin Rashid Al Maktoum Humanitarian and Charity …
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UAE Health Insurance Third Party Administrator Market – Key Drivers for the HITPA Market in UAE – ResearchAndMarkets.com
The UAE regulatory authorities (especially Dubai Health Authority) have created a key differentiation … The acquisition was carried out at the time the company was in the process of going public …
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Dubai’s Deyaar to go ahead with capital restructuring plans
Dubai-based Deyaar Development is to proceed with capital restructuring plans. Shareholders of the property developer had approved plans at the recent annual general meeting to reduce Deyaar’s capital …
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Asset buffers and fiscal discipline protect Abu Dhabi from external shocks, says finance head
The emirate’s Department of Finance last week partnered with First Abu Dhabi Bank … “The stimulus packages launched by the government of Abu Dhabi and the Central Bank of the UAE have created …
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UAE banks use 30% of Covid-19 central bank support fund
Banks in the UAE have availed 30 percent of the AED50 billion ($13bn) Targeted Economic Support Scheme (TESS), according to the Central Bank of the UAE (CBUAE). The scheme was launched on March 15 to …
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