The Dubai government is seeking to raise about $1 billion by selling shares of road toll operator Salik as soon as next month |
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| Real estate Payments by virtual assets, or through the sale of virtual assets, as well as cash transactions above AED55,000 will have to be reported to UAE Financial Intelligence Unit |
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| Alvarez & Marsal was most recently known in the region for its work on the embattled healthcare giant NMC Group, which it hopes demonstrated the breadth of its expertise in these corporate and financial transactions |
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| The new centre in DIFC will provide private wealth support services, including advisory and concierge services, education and training, high-end networking, and dispute resolution assistance |
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| The property market in the emirate witnessed a decline last Wednesday with total deal value at AED888 million |
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| Scotiabank acted as exclusive financial advisor to Mubadala Capital, while CIBC World Markets was the exclusive financial advisor to Canada Cartage for the deal |
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Two-thirds of consumers in the UAE are “somewhat or very concerned” about rising inflation, according to a new survey, while overall spending was up 22 percent in the first half of the year |
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| Investment deals in the real estate sector hit $288.5 million the second quarter, as investors look to capitalise on rising housing demand in Saudi Arabia |
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| It accounted for 87.8 percent of the AED3.442 trillion gross banking sector’s assets by end of May, with foreign banks accounting for the rest |
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| Over 50 percent of residents believe greater impact comes from global brand campaigns that create localised, relevant content |
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| Total fuel volumes were up by 9 percent compared to the same period last year, driven by the company’s retail and commercial businesses |
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The UAE government is encouraging venture capitals (VCs) to back a highly diverse array of startups with no gender bias, and female founded start-ups could benefit from several investors |
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