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Questions and Answers

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23Nov, 23

What is a Performance Bond?

A performance bond is offered to one party in a contract as a guarantee against the other party's failure to fulfill the contract's obligations. A con...

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23Nov, 23

What is Cheque Discounting?

There will always be pressing requirements. One can wake up and satisfy an urgent demand, and the company for which you work can write a check to pay ...

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23Nov, 23

Can I make car down payment through my credit card?

Automobiles are costly. They're usually so costly that people take out loans to pay them off over time. Buyers who are very ambitious, on the other ha...

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23Nov, 23

Is there any tax on Fixed Deposit in UAE?

The Federal Tax Authority (FTA) of the United Arab Emirates has explained that ‘passively earned interest income' from bank deposits and dividend inco...

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23Nov, 23

What is Restructuring of Loans?

COVID-19 has a major economic influence on the UAE. According to Oxford Economics, the United Arab Emirates could lose 900,000 jobs and ten percent of...

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23Nov, 23

Why Banks always ask for Security Cheque?

When you apply for a loan or some other type of financing in the UAE, you will be asked to have a security check. But how have these cheques been used...