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RAKFTZ posts 70% YoY Increase In New Company Registrations

RAKFTZ posts 70% YoY Increase In New Company Registrations

February 12, 2014 12:42 pm

RAKFTZ (Ras Al Khaimah Free Trade Zone )- one of the most business friendly and cost effective free zones in the UAE-on Wednesday reported a 70% YoY (year on year) increase in new company registrations for the first half of the year ended June 30, 2013. 1,994 new companies (highest number ever) have joined RAKFTZ […]

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Dubai Growth To Help Loosen Investor Purse Strings

Dubai Growth To Help Loosen Investor Purse Strings

February 12, 2014 12:40 pm

Dubai: The continuing growth of Dubai is strategic to its various entities- government , private sector and government –related entities – raise additional funding required for expansion plans associated with the hosting of the expo in 2020, a senior official of ratings agency Moody’s said on Wednesday. While responding to a question on whether from […]

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UAE Banks Surge In Wake Of Economic Recovery

UAE Banks Surge In Wake Of Economic Recovery

February 12, 2014 12:39 pm

United Arab Bank and National Bank of Fujairah recorded annual profit as their loan books were bolstered by a turnaround in the economy. The two are among the first lenders to report their annual earnings. Standard & Poor’s Rating Services said this week, the economic recovery, which started in earnest last year amid rebounding property […]

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Osborne Renews Attack on European FTT

Osborne Renews Attack on European FTT

February 12, 2014 12:37 pm

George Osborne, UK Chancellor has warned that a European FTT (Financial Transaction Tax) would be expensive and ruin jobs. While speaking this week at the Open Europe Conference , Osborne contented there are not, if fact, “two debates” on the EU (European Union), but one, which encompasses questions of sovereignty , democracy, accountability , and […]

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