Friday , 17 August 2018

Business

Youth, happiness, space and cryptocurrencies: Main topics on the agenda of Dubai’s World Government Summit

By- Yasmine Saleh, ZAWYA Officials in the United Arab Emirates (UAE) have announced the key themes that will be discussed at the World Government Summit (WGS) in Dubai next month. The sixth edition of the WGS is scheduled to take place on February 11-13. It will include 4,000 attendees from 140 countries, according to a press release sent to the …

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Sheikh Mohammed launches eco-tourism project in Dubai

  The reserve spans 10% of the emirate of Dubai’s total area Vice President and Prime Minister of the UAE and Ruler of Dubai Sheikh Mohammed bin Rashid Al Maktoum attends the Dubai World Cup at Meydan racecourse. Image used for illustrative purpose. DUBAI: The Vice President, Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al …

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UAE largest receiver of FDIs in Arab region in 2016: Minister of Economy

Al Mansouri noted that the law will increase allowed percentage of foreign ownership of local investment projects, up to 100% in specified sectors. Panoramic sunset city skyline. UAE law will increase the allowed percentage of foreign ownership of local investment projects, up to 100 percent in certain specified sectors. ABU DHABI- Sultan bin Saeed Al Mansouri, Minister of Economy, has …

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East Africa Islamic Economy Summit 2018 returns to Nairobi, Kenya

Tapping into East Africa’s tech savvy population to drive Innovation and Financial Inclusion ‘East Africa’s fairly developed infrastructure and communication sector, a young educated tech savvy population and their ability to capitalise on technology development provides a great opportunity for the region to lead in the Islamic Finance digital economy’ – Agnes Gitau, GBS Africa (http://GBSafrica.co.uk) elaborating the theme of …

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Egypt’s Startup Reactor is Seeking out Startups!

Startup Reactor, the 6-month accelerator program in Egypt, is now accepting applications for its 5th cycle Following the successful conclusion of its 4th cycle with its last phase “Startup Nova – Entrepreneurship Explosion”, Startup Reactor is accepting applications for its 5th cycle! Startup Reactor is a 6-month accelerator program designed to support innovative startups with high growth potential in Egypt. …

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Tax, Trump and tech: Zawya’s 10 most important stories of 2017

By: Zawya.Com Zawya Express presents the top story, topic or trend highlighted by our editorial team as recommended reading to start your working day Zawya presents its top picks of the stories that were written by its in-house team of journalists in 2017 The introduction of value-added tax (VAT), the inauguration of President Donald Trump and the changing e-commerce landscape …

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Oman signs $210mln Saudi financing for key industrial project

Deal could help to ease concern about the health of Oman’s finances. Image used for illustrative purpose. A bank employee counts one hundred dollar notes at a bank in Seoul February 26, 2009. Image used for illustrative purpose. A bank employee counts one hundred dollar notes at a bank in Seoul February 26, 2009. Oman’s government has signed to obtain …

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Don’t hike fees due to VAT, UAE banks told

Central bank tells financial companies that they will absorb applicable VAT until further instructions UAE – The Central Bank of the UAE has asked local banks not to increase the existing fees for customers due to the upcoming value added tax (VAT). “Banks and finance companies will not be permitted to exceed the fees structure for individual customers because of …

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Career in UAE: Will your pay hike beat VAT?

Salary increases in 2018 will be based on skills shortages and performance As the New Year approaches, employees generally look forward to pay raise and bonuses, hoping that their efforts will be rewarded through monetary benefits. But that is not the case all the time. With some sectors growing faster than others, the chances for increment and job opportunities are …

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ITFC, Afreximbank join Efforts to Support African Trade with $100 Million and €50 Million Murabaha Partnership Agreements

On the sidelines of the Afro-Arab Trade Finance Forum The International Islamic Trade Finance Corporation (ITFC), member of the Islamic Development Bank (IsDB) Group, and the African Export-Import Bank (Afreximbank) (Afreximbank.com), a multilateral financial institution established by African governments and institutional investors, have signed a US$100-Million agreement and a EUR 50-Million Murabaha agreement with the aim of facilitating and financing …

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