Archive for October, 2017

Never seen before! Dubai’s citizens will start making transactions with new government cryptocurrency

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The local government of Dubai has set up a partnership to develop and implement a new encrypted digital currency called emCash. The cryptocurrency is to be used for some government and non-government services in Dubai. According to Ali Ibrahim, the deputy director general of Dubai Economy, emCash will accelerate Dubai’s evolution towards a smarter economy.[…]

Nakheel to showcase property worth $1.7bn at German expo

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Dubai-based master developer Nakheel is making its way to Munich with a multitude of real estate investment opportunities worth more than Dh6.5 billion ($1.7 billion) as it exhibits at Expo Real in Germany for the first time. The only UAE developer exhibiting at the event, Nakheel is showcasing a diverse range of investment[…]

Cooked in cheap oil? ‘Tax-free’ Gulf states to introduce VAT to revitalise economy

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Moneycontrol News Gulf states are planning to introduce value-added tax starting next year following the hit faced by the energy-rich countries due to a drop in oil prices. An Economic Times report stated that the United Arab Emirates, one of the Gulf states that have been long known for being tax-free, is likely to double the price of tobacco[…]

Nakheel to showcase property worth $1.7bn at German expo

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Dubai-based master developer Nakheel is making its way to Munich with a multitude of real estate investment opportunities worth more than Dh6.5 billion ($1.7 billion) as it exhibits at Expo Real in Germany for the first time. The only UAE developer exhibiting at the event, Nakheel is showcasing a diverse range of investment opportunities including[…]