Pakistan, UAE bilateral trade touches $7b-2015 Abu Dhabi: Bilateral trade between Pakistan and the UAE has dropped by $2 billion (Dh7.34 billion) this past year because of low oil prices, a senior diplomat from the Pakistan Embassy told Gulf Information within an interview on Thursday. Oil prices possess dropped by a lot more than 50 % from their peak amounts [...]
Credit Suisse in talks for full Saudi Arabia banking licence The Zurich-based bank, that includes a securities and equities business in the united states, is in talks with the central bank for an onshore license Dubai: Credit Suisse Group AG is seeking to secure an integral banking license in Saudi Arabia within plans to increase in the kingdom. The Zurich-based bank, that [...]
New Voice-powered payment support using Apple's Siri Application by UAE's Mashreq Bank The first such service in your community, the application allows customers to transfer payments using Siri, Apple's virtual personal assistant. Mashreq Bank has launched a new mobile banking service that allows clients to transfer payments using Apple's virtual personal assistant, Siri, the United Arab Emirates-based bank said on Monday. Users [...]
Accompanying delegation and the Director General visited Mumbai office On a promotional tour which targeted the most important strategic and commercial cities in the Republic of India, HE Mahmood Khalil Al Hashemi, Director General of Ajman Free Zone and his accompanying delegation have visited AFZ Office in Mumbai, to find out the latest developments and to review business results achieved [...]
Direct to pair to Boost Trade Yuan-Dirham The two-way trade between the UAE and China is all set to grow to $80 billion over the next two years. China has agreed to establish a direct trading pair between its yuan currency and the dirham in anticipation of a remarkable surge in bilateral trade and tourism ties following a decision by the [...]
SWISS CONFEDERATION-TURKEY REPUBLIC AGREEMENT-AVOIDANCE-DOUBLE TAXATION -INCOME THE SWISS FEDERAL COUNCIL AND THE GOVERNMENT OF THE REPUBLIC OF TURKEY Desiring to conclude an Agreement for the avoidance of double taxation with respect to taxes on income HAVE AGREED as follows: Article 1 PERSONS COVERED This Agreement shall apply to persons who are residents of one or both of the Contracting States. Article 2 TAXES COVERED 1. [...]
Ajman Free Zone targets Indian e-commerce An official said for all those setting up procedures in the Ajman Free Zone there is absolutely no legal compulsion to possess a majority local partner. Chennai: With completely ownership, zero corporaté and personal taxes, licenses in two hours and additional facilities, Ajman Free Area in thé UAE are targéting Indian e-commérce players and little [...]
UAE banks bail out 1,700 SMEs and corporations with Dh7 billion in loans restructured Abdul Aziz Al Ghurair, the chairman of the UAE Banks Federation, said that the initiative to rescue SMEs involved all of the country’s banks. An initiative among local banks to bail out small and medium-sized enterprises (SMEs) has helped to restructure some Dh7 billion of debt owed [...]
Trade promotion bodies help boost GDP growth Trade promotion companies bring substantial returns in conditions of diversifying exports and export marketplaces and also in nation branding and financial growth, says a written report published by the International Trade Center (ITC), a joint affiliate marketer of the World Trade Organisation (WTO) and the US. Based on the report, each and every dollar [...]
