Jan. 12 (Bloomberg) — Dubai International Financial Centre, a tax-free business park, plans a “substantial” cut in fees on asset managers this year to attract more funds and become internationally competitive.
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Dubai Financial Center to Cut Fees in Bid to Attract More Funds (Bloomberg)
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Dubai Business – Kippreport …. “The set up in the UAE is not very conducive to employee-owned companies as our law here does not support stock options,” Prashant Gulati, the secretary general of the Indian Business and Professionals Council in Dubai, told Gulf News. “It’s not easy to build mutli-levels of shares and it makes it difficult for people to use share holding as a form of incentive for employees.” The…
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Dubai is the most attractive city in the UAE for the French to live and work in as well as visit. The number of French expatriates in Dubai has grown by 5% each year, and in 2010 the resident population was about 10.000. … Even among all the Arabic and English speakers, the French should feel at home for Dubai’s Riviera-like…
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Dubai bluechips reversed early losses to help the emirate’s index reach a new 14-week high yesterday, shrugging off conglomerate Dubai Holding delaying payment on a $555mn loan for a second time.