Saturday , 20 October 2018

Business

Job privilege: Who can get 10-year visa in UAE?

New reforms such as 10-year visa, 100% foreign ownership of firms to help attract best talent, FDI. The UAE’s new reforms will be focused on professions and industries that meet the country’s strategic needs. (Reuters file) Technology entrepreneurs, influencers, high-end individual investors and specialists in certain fields such as science, space and medicine would be eligible for the 10-year visa …

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UAE job vacancies on the rise in first half of 2018

Hiring accelerates in the first half of 2018; momentum seen to spill over into 2019 UAE – Job growth in the UAE expanded at a fast clip in the first half ofthis yearand industry stalwarts and analysts are optimistic that the trend will be maintained in the second half and2019. The rise in employment in key economic sectors indicates that …

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Saudi-based ITFC, Federated Investors to launch $300mln trade finance fund

The sharia-compliant fund is expected to launch later this year and would invest in energy-related structured trade, supply chain financing and project finance assets of sovereign entities The Saudi-based International Islamic Trade Finance Corp (ITFC) said on Thursday it would launch a $300 million fund alongside U.S. fund manager Federated Investors, aiming to tap trade finance opportunities in Muslim-majority countries. The sharia-compliant fund …

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SA’s business confidence improves in July

Abu Dhabi’s index was up 0.5%, after hitting its highest level since late 2014 Abu Dhabi’s market hovered around a four-year high on Wednesday, bolstered by banks shares, while Saudi Arabia’s market was more subdued. Abu Dhabi’s index was up 0.5 percent, after hitting its highest level since late 2014 earlier in trading. First Abu Dhabi Bank rose 1.1 percent …

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Bahrain fund Mumtalakat exits U.S. firm Nobel Learning Communities-CEO

Mumtalakat invested in Nobel in 2015, partnering with Manama-based alternative investments manager, Investcorp By Hadeel Al Sayegh and Saeed Azhar, Reuters News DUBAI – Bahrain’s sovereign wealth fund, Mumtalakat, has sold its investment in U.S. private education provider Nobel Learning Communities, as another U.S. school operator Spring Education Group acquired Nobel earlier this month. Mumtalakat invested in Nobel in 2015, …

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Will the next cryptocurrency revolution be green?

Source: Zawya-Ammar Radhi   If bitcoin were a country, it would be 41st in the world in terms of energy consumption, just behind Chile and Austria Last year’s bitcoin frenzy appears to have run its course. The cryptocurrency’s near-vertical ascent to more than $19,000 was followed by an equally precipitous decline as speculators fled the market as fast as they …

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Padmini Gupta on the app that aims to help improve the lives of low income workers in the UAE

In the latest of our Business For Good series highlighting the philanthropic work of business families, we speak to the founder of the Rise app aimed at improving the lot of the UAE’s domestic workers When an earthquake shook Nepal at noon on Saturday, April 25, 2015, it killed nearly 9,000 people and ruined the lives of more than eight …

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SAMA inks agreement with Monami Tech’s Award Winning Digital Lending Platform Lendme

Landmark announcement for both SAMA and Monami Tech Monami Tech enables consumer lending offering for SAMA with Lendme app Dubai, United Arab Emirates – Al Hail ORIX Finance PSC, Parent company of SAMA, has announced the signature of a formal agreement and the formation of a strategic partnership with UAE-based award winning fintech payments company Monami Tech. The primary aim …

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UAE stocks attract foreign investors as H1 results continue

By Zawya- Mahmoud Gamal, Mubasher Listed-stocks have recently hit record highs on the back of the interim financial results The UAE stock markets are currently gaining accumulations by foreign investors as listed-stocks have recently hit record highs on the back of the interim financial results, analysts told Mubasher. Most institutional investors in the UAE’s twin bourses were buyers during Sunday’s …

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UAE economy stays robust despite global headwinds

The UAE’s solid and diversified economy has softened the effects of both lower oil prices and weakened global demand for trade. This will also lead to prosperous years ahead for the UAE economy, according to a new report from the Dubai Chamber of Commerce and Industry (Dubai Chamber). In addition to increased confidence, the UAE’s economic outlook is buoyed by …

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