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Rising Liquidity And Capital Adequacy Lifts Confidence In UAE Banks

Rising Liquidity And Capital Adequacy Lifts Confidence In UAE Banks

March 5, 2014 2:19 pm

Extensive liability management yields significant cost savings. Dubai: The UAE banks maintained a well capitalized state in 2013 with general capital adequacy ratio exceeding the requirements of the central bank. At the close of 2013, the Emirate’s NBD’s total capital adequacy ratio was 19.6 % and Tier 1 capital ratio was 15.3%. Throughout the year, […]

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BVI’s Foreign Investment Fourth Highest Globally In 2013

BVI’s Foreign Investment Fourth Highest Globally In 2013

March 5, 2014 2:19 pm

According to statistics released recently by UNCTAD (United Nations Conference on Trade and Development), the British Virgin Islands received more foreign investment last year than India and Brazil combined. In 2013, the Caribbean territory, home to close to 27,000 people, recorded USD 92bn in foreign direct investment. The figure ranks fourth highest in the world, […]

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DIFC Posts 14% Growth in 2013

DIFC Posts 14% Growth in 2013

March 5, 2014 2:18 pm

DIFC (Dubai International Financial Center), a financial free zone, released a report on February 02, 2014 that it had 1,039 active registered companies as 31st December 2013, a 14% increase from the previous year. According to the report, 55 active financial services and 103 non-financial services firms registered last year, amounting to 327 and 565 […]

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Dubai to Tax Tourists to Finance Expo 2020

Dubai to Tax Tourists to Finance Expo 2020

March 5, 2014 2:18 pm

Helal Saeed Al Marri the director general of Dubai Tourism and Commerce Marketing (DTCM) recently announced that Dubai is set to introduce a tax on tourist accommodation so as to raise funds for the World Expo 2020 projects. The tax referred to as the Tourism Dirham, will come into effect on 31st March 2014 and […]

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