The Dubai Chapter of the Institute of Management Accountants (IMA), in collaboration with ACCA Middle East, is taking a significant step towards bridging this gap among finance professionals in UAE by …
UAE’s first auction of Islamic treasury bonds in 2023 oversubscribed 7.6 times
The first auction of the UAE’s dirham-denominated treasury sukuk for the year was oversubscribed by 7.6 times, receiving bids worth Dh8.3 billion ($2.26 billion), the Dubai Media Office said on …
Adnoc Gas IPO was world’s largest in Q1, EY report shows
The UAE has already witnessed its first IPO of Q2 2023, with Al Ansari Exchange listing on the Dubai Financial Market (DFM) on April 6, raising $0.2b in proceeds. Furthermore, Adnoc has announced its …
Malgo Finance Empowers Traders with New Trading Pairs and Enhanced Features
Malgo Finance is committed to providing its users with a variety of cutting-edge features while putting a special emphasis on providing an outstanding user experience. The platform facilitates an …
Dubai Investments’ net profit surges 55% in Q1
Dubai Investments, a leading diversified investment company based in UAE, has registered a net profit of AED314.5 ($86 million) for the first three months of the year, up 55% over the last year’s …
UAE on course to grow into a bigger economic powerhouse under President
In his first year, Sheikh Mohamed has focused on increasing role of Emiratis, strengthening human capital, signing CEPAs, and more …
A Quick Overview Of UAE Banking System
The UAE is a country that has been ranked among the best places to live in the world. It is renowned for its breathtaking architecture and lovely beaches. However, there are many other aspects of this …
UAE issues explanatory guide including exemptions, clarifications for corporate tax
Clause-by-clause guide is meant to assist readers with gathering the government’s intention and aid in interpreting the law …
UAE tops world in five labour market indices, reinforces its global leadership
The UAE has topped several global labour market indices issued by international entities and institutions in a new accomplishment that reflects UAE’s pioneering global model for development.
UAE signs MoU with data analytics firm Presight to attract foreign investment
The Ministry of Economy (MoE) signed a memorandum of understanding (MoU) with Presight, the region’s leading data analytics company powered by artificial intelligence, to drive foreign direct …
UAE Corporate Tax guide: Exemptions, rates, thresholds explained
The UAE will apply a 9 per cent headline Corporate Tax rate for taxable income above AED375,000, which is one of the lowest, competitive Corporate Tax rates globally and is aligned with the UAE’s …
2023 best Mortgage Broker in Dubai and the UAE: Lenddoo Mortgages
Transparency is the foundation of any successful mortgage brokerage, and Lenddoo Mortgages has made it a priority. From the initial consultation to the final stages of the mortgage process, Lenddoo …
Dubai Investments Q1 2023 profit surges 55% to $85.68mln
DUBAI – Dubai Investments, the leading, diversified investment company listed on the Dubai Financial Market (DFM), has announced a 55 percent increase in Q1 2023 net profit to AED314.45 million, …
Ministry of Economy signs MoU with Presight to enhance UAE’s attractiveness to FDI & support private sector partnership
The MoU was signed by H.E. Juma Al Kait, Assistant Undersecretary of Foreign Trade at the Ministry of Economy and Dr. Adel Al Sharji, COO of Presight. H.E. Al Kait said: “Thanks to the directives and …
Ministry of Economy, Presight to enhance UAE’s attractiveness to FDI
Under the terms of the MoU, Presight will work with the Ministry of Economy to attract foreign direct investments to new sectors in the UAE by deploying big data, analytics and artificial intelligence …
Al Maryah Community Bank Partners with Redha Al Ansari to offer its customers free account deposit services
As a result of this agreement, Mbank now has the largest cash deposit network in the United Arab Emirates with more than 400 exchange house branches that customers can access for seamless account depo …
Al Salam Bank Announces Financial Results for the First Quarter Ended 31 March 2023
Al Salam Bank (Bahrain Bourse Trading Code “SALAM”, Dubai Financial Market Trading Code “SALAM_BAH”) announced today net profits attributable to shareholders of BD 10.27 million (US$ 27.25 million) …