In fact, most insurers in the UAE only cover modifications that have been made through the authorised dealer or showroom, and not third party workshops. The car owner may be asked to produce receipts of the modification work done, at the time of applying …
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Noor Bank in UAE Gains Membership to FCI
Noor Bank, a leading Shari’a compliant bank in the UAE, is the first Islamic bank to have successfully obtained associate membership of FCI, a global representative of the factoring and receivables finance industry. This significant membership will …
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Noor Bank Marks Continues Participation at Careers UAE
Noor Bank, a leading Shari’a compliant bank in the UAE, is once again opening up new employment opportunities in the banking and finance space for UAE nationals as part of its consecutive participation in Careers UAE, which runs from 13 to 15 March at …
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Dubai’s Department of Finance and Deloitte sign strategic partnership for the implementation of IPSAS
UAE. The Department of Finance (DOF) of the Government of Dubai announced a strategic partnership agreement with Deloitte to enable the Government of Dubai to implement International Public Sector Accounting Standards (IPSAS). DOF signed the agreement with …
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UAE Banks Federation chief sees higher loan growth, profitability in 2018
The banker, who is also the chief executive of Dubai-based Mashreq Bank, forecast loan growth of 5 per cent to 6 per cent on aggregate for banks in the UAE this year compared to 4 per cent last year. At the same time, the profitability of banks is likely …
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The Real Reason the SEC is Cracking Down on ICO Companies
ICO skeptics have previously stated that in some instances, large investors like hedge funds get preferential terms and discounts, then they cash out. This practice has drawn similarities to initial public offerings in the 90’s where preferred investors …
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Dubai’s Abraaj hit by more senior departures
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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