Dubai Health Authority signed a Memorandum of Understanding (MoU) with the unique AccorHotel property, owned by R Holding, during Arabian Travel Market earlier this year. “We have also partnered with The Health Bank in a strategic initiative to enhancing …
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UAE investors caught up in Bitcoin and Bar Works financial scams
UAE residents have described losing their life savings after being caught up in a financial scam that sold bogus workspace developments across the globe. The collapse of Bar Works and the high-profile arrest of New York-based British businessman Renwick …
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Khalid Ali Al Bustani named FTA director general
The UAE President His Highness Sheikh Khalifa bin Zayed Al Nahyan has issued a federal decree appointing Khalid Ali Al Bustani, Assistant Undersecretary for International Financial Relations, as Director General of the Federal Tax Authority (FTA).
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Gulf Petrochem Group Closes US$150m Financing Deal
Mr. Salah Mohammed Amin, Executive Vice President, Corporate Banking, Emirates NBD also added, “The positive response for this facility confirms the interest in key sectors in the UAE and the trust endorsed to Gulf Petrochem Group’s strong financial …
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The Qatar Crisis
These two countries have become the primary sites of capital accumulation, and firms from Saudi Arabia and the UAE dominate the GCC economy in the real estate, finance, trade, logistics, telecommunications, petrochemicals, and manufacturing sectors.
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Some Global Banks To Shift Qatar Business From Dubai Hub
Some international banks are serving Qatar from London and New York instead of Dubai’s financial center as a regional dispute makes it harder to do business with clients in the gas-rich Gulf state, according to people familiar with the matter.
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DIB Pakistan issues Rs 4b tier-II Sukuk
… a formidable force in Islamic Finance and one of the most progressive Islamic Finance institutions in the world. Currently, DIB has presence across all Emirates in the UAE with growing international operations in South Asia, Far East, Middle East …
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Apple surprises in typically weak quarter, led by services and iPad
The iPad has been gaining traction as of late, gaining a reputation as a business product; Apple chief financial officer Luca Maestri … Cook kicked off the conference call, which was held at 1am Dubai time on Wednesday, by saying, “we’re proud”, then …
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Exclusive: After Hurriyat arrests, Srinagar businessman Zahoor Watali under intelligence radar
Watali’s business empire spans from Kashmir to the UAE to Europe, spread across real-estate and international trade. But intelligence officials disclosed to India Today they suspect his companies were a facade hiding money laundering and terror finance.
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Emirates NBD Leads UAE’s Strongest Brands in Retail Banking: YouGov
UAE Consumers who participated in YouGov polling have named Emirates NBD to be the strongest retail banking brand in the UAE in the inaugural global brand health rankings released by YouGov BrandIndex. Data from YouGov’s brand tracker which interviews …
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Dubai Regulations for Crowdfunding: Issuers May Raise Up To $5 Million
The Dubai Financial Services Authority (DFSA) announced the enactment of a regulatory regime designed to engender a robust crowdfunding ecosystem for the country. The new regulations are part of a strategy to foster an innovation driven economy.
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Dubai Announces Regulatory Framework for Crowdfunding
The Dubai Financial Services Authority (DFSA) has today launched a regulatory framework for loan and investment-based crowdfunding platforms. The DFSA noted this is the first such framework in the Gulf Cooperation Council (GCC) member countries.
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DFSA launches crowdfunding framework
span lang=”EN-GB”>The DFSA crowdfunding regulations have the ability to catalyse growth in the financial technology (fintech) industry in the UAE and the region, by targeting the specific requirements of crowdfunding platforms. The regulations ensure clear …
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Dubai International Financial Centre Continues to Grow and Innovate in the First Half of 2017
Dubai International Financial Centre (DIFC), the leading financial hub for the US$7.4 trillion Middle East, Africa and South Asia (MEASA) region, announced today that in the first half of 2017 it has grown 6.2% to 1,750 incorporated companies. Of those …
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Dubai’s DFSA launches crowdfunding framework
The Dubai Financial Services Authority (DFSA) has today launched its regulatory framework for loan and investment-based crowdfunding platforms, the first such framework in the GCC countries. The regime forms part of the DFSA’s regulatory roadmap to …
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UAE issues new tax procedures law ahead of VAT
UAE Minister of Finance and FTA chairman. It is an “all-encompassing legislative framework that lays the groundwork for the UAE’s plan to implement taxes as a means to ensure sustainability and diversify the government’s revenue streams,” he said.
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UAE President issues new Tax Procedures Law
UAE Minister of Finance and FTA Chairman. “The Law, issued by Shaikh Khalifa is an all-encompassing legislative framework that lays the groundwork for the UAE’s plan to implement taxes as a means to ensure sustainability and diversify the government …
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