UAE FTA to open online VAT registration mid-September 2017

“The UAE has reached a very advanced stage regarding the legislative aspects of the tax system that is among the best in the world. Through Ministry of Finance, which is authorised to issue tax legislation and policies, the Tax Procedures Law was issued ... ( read original story ...)

Dubai’s Emaar posts first-half profits, announces new IPO

DUBAI, United Arab Emirates – Dubai developer Emaar Properties has posted 2.8 billion dirhams ($772 million) in net profits for the first half of 2017 and laid out plans to spin off its domestic real estate business. Emaar Properties, which trades on the ... ( read original story ...)

IPO Activity in GCC Slows Down in Q2 2017: Report

Further, IPO activity in the first half (H1 ... In the UAE, Industrial & Commercial Bank of China Limited - Dubai Branch (“ICBC”) listed three bonds on Nasdaq Dubai, amounting to $400 million, $300 million and EUR500 million. In Saudi Arabia, Acwa ... ( read original story ...)

IPO activity in GCC slows down in Q2

Further, IPO activity in the first half (H1 ... In the UAE, Industrial & Commercial Bank of China Limited - Dubai Branch (“ICBC”) listed three bonds on Nasdaq Dubai, amounting to $400 million, $300 million and EUR500 million. In Saudi Arabia, Acwa ... ( read original story ...)

Energy hedge funds look to spreads, margins as long bets flail

Commodity hedge funds have dwindled in recent years as oil prices slumped ... and Catherine Ngai in New York and Amanda Cooper in London; Editing by Lisa Shumaker) DUBAI (Reuters) - Four Arab countries that imposed sanctions on Qatar have told the United ... ( read original story ...)

Aster DM re-files IPO papers, cuts offer size

According to the new DRHP, available on the websites of the investment banks to the IPO, the firm is looking to raise around ... across all the Gulf Cooperation Council states of United Arab Emirates, Oman, Saudi Arabia, Qatar, Kuwait and Bahrain, as ... ( read original story ...)

Banking sans branches

Smartphones are now the gateway to your banking transactions, paving the way for more mobile apps and digital payment solutions to ease your lifestyle by reducing branch visits. This has indeed kept pressure high on the UAE banking sector to innovate and ... ( read original story ...)