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The regulator said it will take additional action, if necessary.
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The move is expected to reduce operational costs.
The move comes in a bid to support the retail industry.
Over 50 per cent of respondents to JLL's latest global corporate real estate trends report suggested the lack of effective data and analytics inhibited their ability to accurately measure value and generate insights.
The Central Bank of the UAE announced a cut in key interest rates to boost the economy by making borrowing cheaper.
The stimulus package will give a significant boost to the UAE banking sector.
Equity markets in the Middle East, Asia, Europe and the US extended losses, driven down by growing coronavirus cases, uncertainty about global economy, fears of recession and fall in oil prices.
The Federal Tax Authority has successfully achieved great success in all of the sectors it operates in and across all of its programmes.
The UAE has the lion's share of startup deals in Mena with over 60 per cent share.