admin | Accounting and Audit Firms in Dubai, UAE - Part 18

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Daman Investments planning to go public, with the IPO

Daman Investments, a name well known in the world of management firms, based in the UAE, they are experts in handling investments for various companies. Staying as a private firm for many years, a recent statement made by the chairman Shehab Gargash is about to change that. Hopefully by next month, the firm will gain[...]
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Sharaf DG plans to increase their market, with the next target being Egypt

After Egypt, Saudi Arabia will be focused upon too As stated by Nilesh Khalkao, the CEO of Sharaf DG, a well-known electronics retailer in Dubai, the company has planned to establish their first Egyptian branch, with the expected time somewhere around the latter half of 2016. He continued by saying that the store will take[...]
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Banks in the Gulf to Face Steady Slowdown in Deposit and Credit Growth

A steady weakening of economic conditions for the GCC sovereigns, which stemmed from the steep decline of oil prices in the past year, is expected to show on the deposit and credit growth, cost-effectiveness, and asset value of local banks this year, according the one of the credit rating agencies, Standard & Poor’s. Standard &[...]
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UAE economy undergoes Q1 expansion regardless of the oil price decline

Last year, a GDP growth of 4.5% took place in Dubai. In addition to that, favorable conditions for the investment and the development of infrastructure for the Emirate led to an increased employment percentage of 6.5. This promising statistical information was quoted by Hafeez Abdullah, chairman of the front-running investment firm in Dubai- H Holding[...]
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The ruler of Dubai established DCCA to promote creativity

Sheikh Mohammad bin Rashid Al Maktoum named it DTMFZA, which refers to Dubai’s technology and free media zone, but now, it will be known as DCCA (Dubai Creative Clusters Authority). The VP did this to promote innovative communities in the UAE and to support its originality. The present authority, which was also the previous authority[...]
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Jebel Ali project gets the deal from Limitless

The limitless award of 285 million ADH went to the downtown Jebel Ali project A retail developer in Dubai, named Limitless, has been awarded a deal of AED 285 million. This was given for infrastructural work in downtown Jebel Ali. It is a mixed project. The work will be carried out by AGC, which is[...]
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