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Gulf
Saving the UAE, one can at a time
Over 210 UAE entities participated, including government entities, private corporations, hotels and academic institutions, as well as families and individuals. Thursday's nation-wide Emirates…
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UAE to implement 5 per cent VAT from January 2018
100 food items, education and healthcare to be exempted from value added tax The UAE will implement value added tax (VAT) at the rate of five per cent from January 1, 2018, said Obaid Humaid Al Tayer,…
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Dubai stocks enter bull market after valuations hit four-year low
Men and women work in the main hall of the Dubai Financial Market (DFM) in Dubai, United Arab Emirates. — Bloomberg News Dubai stocks entered a bull market as the lowest valuations in four years…
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Kuwait Petroleum seeks $10b loan to upgrade two refineries
Kuwait Petro -- webaThe loans will be for Kuwait’s Clean Fuels Project to upgrade the Mina Abdullah and Mina Al Ahmadi refineries. Photo – Bloomberg News Kuwait National Petroleum Company is seeking…
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Advil suspension taken off shelves in UAE
Move came after Pfizer Canada recalled the medicine from markets for their non-compliance with the product’s specifications Abu Dhabi: The Ministry of Health and Prevention withdrew Children's Advil…
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Saudi Arabia to ease lending rules to boost liquidity
The ratio of bank claims on the private sector to total deposits rose to 85 per cent at the end of December, up from 80 per cent at the end of 2014, according to data on the central bank’s website.…
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7kg gold smuggled from Dubai to Kerala
Precious metal imported to Kochi in petrol tank of a luxury car, say police Kochi: As much as 7kg of gold, concealed in the petrol tank of a luxury car, was recovered in India on Friday after being…
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New UAE Labour Law: How to avoid 6-month employment ban
Skilled workers with high-school diploma need not serve 6 months before switching jobs The Minister of Labour introduced important changes to the UAE labour regulations via decrees issued on September…
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Lawyer wants Lionel Messi to testify in Dubai Court
Policeman jailed for posting image of footballer’s passport on Snapchat The lawyer of a policeman who was jailed for a month on Monday morning for posting Lionel Messi’s passport image on Snapchat,…
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Income, sales taxes proposed in Kuwait
Saudi Arabia studies plans to revise social insurance fund’s investment strategy Kuwait’s Emir Shaikh Sabah Al Ahmad Al Sabah has said that the country plans to cut heavy subsidies on fuel and power…
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