Abu Dhabi – Mubasher: Dubai courts ordered KPMG Lower Gulf to pay $231 million, equivalent to 848 million dirhams, to a group of investors who reported losing money due to the company’s poor quality audit of a fund they invested in, according to a report by the Financial Times. The ruling, issued in late March, … Read more
SAN FRANCISCO (IT-Times) – The credit card company Visa enters into cooperation agreements for interoperability in digital person-to-person payment transactions. Visa Inc. (NYSE: V, ISIN: US92826C8394) on April 11 announced a partnership with PayPal and Venmo to test the new Visa+ service.In…Read the full article…
Abu Dhabi – Mubasher: The total foreign assets of the UAE Central Bank exceeded half a trillion dirhams at the end of last January, for the first time in its history. Statistics issued by the UAE Central Bank indicated that the foreign assets of the Central Bank increased on a monthly basis by 1.34%, from … Read more
Abu Dhabi – Mubasher: The UAE Central Bank expected inflation to slow down during the current year 2023 to 3.2%, on the back of weak price increases in all categories, especially transportation, food and beverages. The Central Bank also expected in its recent report that inflation will remain on the rise, given that it is … Read more
Dubai – Mubasher: A report issued by EZDubai, the area entirely dedicated to e-commerce in Dubai South, expects the size of the e-commerce market in the Middle East and North Africa region to reach $57 billion in 2026, equivalent to a compound annual growth rate of 11% during the period from 2022 to 2026. According … Read more
Sometimes the satisfaction of getting a good deal is when you find the same item you bought at a higher price elsewhere. However, this can be reversed, and those headphones you bought for $77 at one store can be $38 at another store down the block. The bad drink can be resolved if the customer … Read more
And Egypt and the Emirates are retreating Mubasher – Mahmoud Jamal: The Arab financial markets witnessed varying ups and downs at the end of the weekly trading, which coincided with the assertion of US Federal Reserve Chairman Jerome Powell, before Congress, that the Central Bank will likely have to increase interest rates more than expected … Read more
Abu Dhabi – Mubasher: A company is exploring AimcoCanadian Asset Management, investment opportunities and building relationships with the largest sovereign funds in Abu Dhabi and the world. Evan Sidal, CEO of the company, said that investing in the UAE is one of the attractive offers due to the local currency’s peg to the dollar, as … Read more
Abu Dhabi: The UAE issued fifty-eight lakh residence visas in the country last year. This was explained by the Federal Authority for Identity, Citizenship, Customs and Port Security (ICP). Last year, 34,14,231 new visas were issued. 23.9 lakh visas were renewed. Only 20 lakh new visas were issued in 2021. Last year, the UAE recorded … Read more
The United States Embassy in Nicaragua details on its website that applicants whose visa is current or has expired in the last 36 months can opt for the interview exemption process. Is your visa about to expire? Or recently expired? If so, pay attention, this information is of interest to you. The Embassy of States … Read more