VAT comes into effect in the UAE at 7 a.m. on January 1 … that information gets automatically updated in your bank records. Invoicing that’s VAT compliant, yet customisable Did you know that there are 11 distinct details that a VAT-compliant invoice …
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New UAE research centre set to finance 3,000 scientists
Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, has launched the Mohammed bin Rashid Centre for Future Research. The centre’s first series of research initiatives will include the financing of a research community …
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UAE teachers to be offered financial rewards under ministerial decision
Substitute teachers working in government schools will be offered financial incentives to cover for permanent staff who are absent. The Vice President, Prime Minister and Ruler of Dubai, Sheikh Mohammed bin Rashid Al Maktoum, has issued a ministerial …
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Dubai Financial Market : UAE part of KHCB’s expansion scheme – Bucheeri
Dubai – Mubasher: Khaleeji Commercial Bank (KHCB) views the UAE market as one of its top priorities for its GCC expansion scheme, the bank’s deputy chairman said Tuesday. Speaking on the sidelines of KHCB’s listing on the Dubai Financial Market (DFM …
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Dubai’s Limitless says to make early debt payment of $112m
Dubai-based real estate developer Limitless has announced it … Once made, Limitless will have repaid almost half of its outstanding bank debt and trade creditor obligations. Thursday’s transactions will bring Limitless’ bank repayments to AED2.2 …
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Dubai firm buys ‘iconic’ London skyscraper for $357m
A subsidiary of the Dubai-based Al Gurg Group has bought an “iconic” skyscraper in one of London’s most vibrant neighbourhoods for £266.5 million ($357.1 million). Great Portland Estate and BP Pension Fund have sold the 20-storey building in Blackfriars …
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Bank of S’pore hiring staff for Mid-East wealth
The private-banking arm of OCBC Bank is adding more staff in Dubai, as the Singapore lender seeks a greater role in managing the money of the Middle East’s wealthy and of Indians living overseas. Bank of Singapore plans to hire about 20 relationship …
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Bank of Singapore to add more Dubai staff in wealth drive
The private-banking arm of Oversea-Chinese Banking Corp is adding more staff in Dubai, as the Singapore lender seeks a greater role managing the money of the Middle East’s wealthy and of Indians living overseas. Bank of Singapore plans to hire about 20 …
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Bank of Singapore Hires Private Bankers for Mideast Wealth
The private-banking arm of Oversea-Chinese Banking Corp. is adding more staff in Dubai, as the Singapore lender seeks a greater role managing the money of the Middle East’s wealthy and of Indians living overseas. Bank of Singapore plans to hire about …
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UAE law firm gives advice for SME success in 2018
While ensuring a sound corporate structure can assist in raising finance through traditional channels, raising bank loans can be challenging for SMEs in the UAE. For example, the default rate on debt repayments for Mashreq bank stands at around 20 per cent.
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Dubai Financial Market launches short-selling service
Dubai Financial Market (DFM) has officially launched a short-selling service for stocks after completing the necessary regulatory and technical steps. Under the system, investors can sell securities that are listed on the market that they do not own with …
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Emirates Development Bank adopts SME Finance Strategy
This gives companies a greater finance opportunity at a lower cost, which leads to better evaluation with regards to the ease of doing business, global competitiveness, innovation, entrepreneurship and development. Esteemed members of the UAE Cabinet …
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Dubai Financial Market : DFM launches regulated short-selling
The Dubai Financial Market said it is processing licence requests from seven brokerage firms to provide the service. (Supplied photo) The Dubai Financial Market (DFM) announced on Sunday the long-anticipated launch of regulated short-selling (RSS) as part …
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Personal finance industry in UAE reacts to surge in bitcoin interest
But with no regulation in the sector, it is not possible for a UAE resident make bitcoin part of their investment portfolio in the same way they would when buying currency or shares through their personal finance advisor. In reaction to this Holborn Assets …
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Dubai Financial Market : UAE bourses likely to revive end-2017 – Analysts
Dubai – Mubasher: The UAE stock markets are expected to rise prior to the end of the current year as stocks are testing attractive buying levels, in line with the completion of ADNOC Distribution’s initial public offering (IPO). The Dubai Financial …
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Emirates Development Bank pledges Dh450m of funding to SMEs for 2018
Emirates Development Bank (EDB) has allocated Dh450 million of its Dh1 billion budget for next year to support the country’s small-to-medium-sized enterprises (SME), as soft economic conditions continue to weigh on the segment. The UAE government lender …
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Qatar sovereign fund backs LSE chairman in activist stand-off-source
DUBAI (Reuters) – Qatar’s sovereign wealth fund has thrown … a source familiar with the matter said on Tuesday. British hedge fund firm TCI Fund Management, a 5 percent shareholder in LSE, is pushing to oust Chairman Donald Brydon over his handling …
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