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UAE commences reporting essentials to counter crypto real estate money laundering
Financial Express 09 Aug 2022
In a statement released on August 8, the United Arab Emirates outlined new reporting requirements for real estate transactions including digital assets, as reported by Cryptoslate. ... One of them was the developer of upscale real estate DAMAC, which began taking payments in Bitcoin and Ethereum in April 2022.Also Read.
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UAE introduces new reporting requirements to counter crypto real estate money laundering
Cryptoslate 08 Aug 2022
The United Arab Emirates introduced new reporting requirements for real estate transactions involving digital assets in a statement on August 8 ... Amid Dubai and Abu Dhabi recently attracting throngs of crypto exchanges and businesses to set up shop, a number of real estate developers had announced they will accept crypto.
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As the Law: Can the developer cancel the agreement and sell the property to a new buyer?
Gulf News 05 Aug 2022
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Dubai’s new real estate law to attract foreign capital
Arab News 04 Aug 2022
As part of efforts to position the emirate as a global destination for investment in real estate, the law grants certain privileges to real estate investment funds, reported Emirates Media Agency, also known as WAM ... Also, investors will be entitled to benefits that will help them invest in the emirate’s real estate market.
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Eagle-Tribune
04 Aug 2022
Liwa Education Selects Suite of PowerSchool Solutions for Its Private School System in United Arab Emirates
Eagle-Tribune
04 Aug 2022
As Liwa Education expands its footprint in the UAE by opening additional K-12 schools and nurseries in the United Arab Emirates, it selected PowerSchool based on the company’s integrated solutions that were scalable for a variety of real-world education scenarios ... UNITED STATES UNITED ARAB EMIRATES NORTH AMERICA MIDDLE EAST CALIFORNIA.
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Tecom Group Q2 profit up 54% on Dubai's strong economic growth
The National 03 Aug 2022
Tecom Group, the operator of business districts in Dubai, recorded a 54 per cent annual surge in net profit in the second quarter on “continued buoyancy” in the emirate's economy ... Economic growth in the emirate has also supported the real estate market, with prices rebounding since last year.
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Etihad Rail set to accelerate growth in UAE's property market
Khaleejtimes 02 Aug 2022
Etihad Rail, which is expected to carry over 60 million tonnes of freight and 36.5 million passengers by the year 2030, will transform the economic landscape of the country by connecting 11 major cities of the seven emirates ... “The inter-emirate rail connectivity will be a major boost to economic activity across the UAE.
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Arsenal star willing to take significant pay cut to leave the club this summer
Caughtoffside 02 Aug 2022
Bellerin spent last season on loan at Real Betis, after falling out of favour at Arsenal. The Spanish right-back was once a regular at The Emirates, but has now fallen down the pecking order at the club ... The report claims that Bellerin wants to leave Arsenal to re-join Real Betis, ...
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