Search Results for: UAE
Russia seeks to boost trade with UAE and strengthen Iran industrial links
December 7th, 2015
Russia wants to boost trade ties with the UAE at the same time as it pursues closer links with Iran. The Russian trade minister Denis Manturov told The National that he wanted to grow the US$2 billion in trade ...
Robot financial advisers to march on the UAE
December 4th, 2015
When the Dubai resident Lewis Brown and his wife Penelope wanted financial planning advice, they took what for many is a natural step – they spoke to a financial adviser. The adviser, Will Carling of AES International, spent several ...
HSBC cuts UAE retail, commercial bank jobs
November 23rd, 2015
HSBC has cut jobs in its retail and commercial banking units in the United Arab Emirates (UAE) as the bank prepares for lower growth in the Gulf Arab state next year, a source familiar with the matter said on ...
UAE Investors Spend 4.3bn EUR on Overseas Property in H1 2015
November 19th, 2015
High net worth individuals (HNWIs) and private investors in the UAE spent €4.3bn snapping up properties across the world in the first half 2015, according to CBRE. “Despite low oil prices, Middle Eastern purchasers remain very active, collectively investing ...
Citibank’s new UAE customers will now need to keep more than 10 times as much money in bank accounts
November 12th, 2015
Citibank’s new UAE customers told to have Dh35,000 minimum account balance Citibank said new customers in the UAE will now need to keep more than 10 times as much money in bank accounts than previously required as it focuses ...
Oil to bounce back next year, predicts UAE energy minister
November 5th, 2015
Project delays and slowing shale production will lead to a rebound in oil prices next year, according to the UAE’s energy minister Suhail Al Mazrouei. The minister yesterday said that economic growth in some countries would lead to higher ...
UAE petrol prices to drop to subsidised levels in November
October 29th, 2015
Most drivers will pay less for petrol next month than they did when fuel was subsidised. Super will cost Dh1.81 a litre, Special Dh1.70 and diesel Dh1.87 – all cheaper than in July. E Plus will cost Dh1.63, only ...
How VAT in UAE will impact consumers
October 19th, 2015
Impact would be negligible if VAT won’t exceed 5% and food essentials are exempted The impact of a value-added tax (VAT) system on consumers in the UAE may vary depending on household incomes and spending behavior, and how much ...
UAE and India to enhance investments, bilateral ties
October 15th, 2015
Two nations pledge to remove hurdles to boost trade by 60%. The UAE and India have agreed to collaborate closely to identify bottlenecks to trade and new areas of trade with the aim of increasing two way trade by ...
UAE energy minister says urgent need to cut subsidies in the region as oil prices decline
October 5th, 2015
There is an urgent need to cut regional energy subsidies as government budgets are squeezed by slumping oil prices, the UAE Minister for Energy said on Sunday. Opening an annual industry conference at Abu Dhabi National Exhibition Centre, Suhail ...
