Thursday , 26 April 2018
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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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The International Islamic Trade Finance Corporation (ITFC) Supports Gambia’s Agriculture With US $ 17.5 Million Syndicated Murabaha Financing

The Facility will be used to support the agriculture sector in Gambia through the import of inputs (fertilizers) and the purchase of Agricultural Produce The International Islamic Trade Finance Corporation (ITFC) (ITFC-IDB.org), member of the Islamic Development Bank (IDB) Group (IsDB.org), signed on November 29, 2017 with the Government of The Gambia a syndicated Murabaha financing Agreement in an amount …

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Latest innovations at SGI Dubai 2018 could boost the African Printing industry

International Expo Consults (IEC) (www.IECdubai.com) stated that the African printing industry stakeholders can immensely benefit from the best and latest innovative products and solutions. Each year a large Africam contingent of trade visitors attend the SGI Dubai (www.SIGNMiddleEast.com) show to connect with the best in the industry and bring the solutions back to their home countries. Visitors from Africa can …

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UAE is the easiest Middle East market for women to find jobs, says survey

The United Arab Emirates has been named as the easiest market in the Middle East and North Africa (MENA) for women to find a job, according to a new survey issued on Monday. The ‘Working Women in the Middle East and North Africa’ survey, which was carried out by online jobs portal Bayt.com and research company YouGov, stated that more …

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flydubai touches down at Kilimanjaro International Airport

As part of the inaugural programme, flydubai showcased its new Boeing 737 MAX 8 aircraft which it unveiled for the first time at the Dubai Airshow in November 2017 flydubai becomes first UAE airline to provide direct air links to Kilimanjaro Dubai-based carrier expands network in Africa to twelve destinations with 14 flights a week Kilimanjaro becomes third point in …

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Why do UAE and Saudi Arabia want to use blockchain?

Last week, the UAE’s central bank announced it was working on a joint cryptocurrency, based on blockchain, with its counterpart in Saudi Arabia Since beginning its dramatic rise in value over a year ago, many commentators have pronounced bitcoin dead, saying instead that the true value of the polarising digital currency was to be found in its underlying technology, blockchain. …

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Record spending on Expo 2020 to give a big fillip to Dubai’s economy

Infrastructure expenditure is due to rise by 46.5% in 2018, accounting for 21% of total spending. Dubai – A record spending of Dh56.6 billion envisaged in Dubai’s expansionary budget for fiscal 2018 will trigger a major jump in investment spending and provide a major boost to the economy, analysts said. The budget, allocating an increased spending to boost infrastructure efficiency, …

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