The UAE Ministry of Finance on Monday announced the issuance of Cabinet Decision No. 56 of 2023 on a Non-resident person’s Nexus in the UAE for the purposes …
CBUAE, bank CEOs discuss financial sector support for COP28 in UAE
Khaled Mohamed Balama, Governor of the Central Bank of the UAE (CBUAE), held a meeting with CEOs of UAE banks to discuss priorities and future initiatives for the banking sector, …
UAE: Ministry of Finance organises symposium on public financial policies and labour market
The symposium’s programme included presentations about practices, interactive discussions, networking opportunities, case study analysis and practical exercises …
Emiratisation in UAE banking sector rose to more than a fifth in 2022
The share of Emiratis as a proportion of total employees in the UAE banks rose to 33.2 per cent in 2022, the UAE Central Bank said on Monday.The exact figures were not disclosed but the regulator …
Dubai to Outshine London’s Property Sector in 2023
According to a recent market research report, Dubai’s real estate market is expected to outperform London in 2023, thanks to steady growth in property …
UAE announces Corporate tax rules for non-resident person’s nexus
Dubai: The Cabinet Decision on non-resident persons’ connection in the UAE has been announced by the UAE Ministry of Finance. According to the decision, foreign companies and other overseas legal …
National Bonds acquires additional 5% stake in Taaleem
Taaleem operates 26 schools with 27,000 students, supported by more than 1,700 faculty members and 3,000 administrative staff in the UAE …
Ministry of Finance announces Cabinet Decision on determination of Non-resident Person’s Nexus in UAE
Foreign companies and other overseas juridical persons will be subject to UAE Corporate Tax on income derived from immovable property located in the UAE …
Dubai Islamic Bank launches DIB ‘alt’, consolidates digital offerings
DIB alt brings together more than 135 digital services via the DIB Mobile App, online banking, WhatsApp and ATMs …
Dubai: From taxi driver to millionaire businessman; this resident is all set to start his own limousine company
After working for four years as a taxi driver, Saleem Ahmed Khan joined a limo firm before starting his own driver fleet company …
UAE: Five major developments that will change the face of Dubai
Dubai is a place that embraces change with open arms. From building the tallest building in the world to crafting the magnificent man-made Palm Jumeirah is..
Dubai Islamic Bank launches DIB ‘alt’, ultimate digital banking experience for its customers
DUBAI: Driven by the banking giants’ continuous quest for digital excellence and in line with its ambitious transformation strategy, the financial powerhouse announced today the launch of DIB alt, a …
Dubai Islamic Bank Launches DIB ‘alt’, the Ultimate Digital Banking Experience for its Customers
Driven by the banking giants’ continuous quest for digital excellence and in line with its ambitious transformation strategy, the financial powerhouse a …
Dubai Islamic Bank launches DIB ‘alt’
DIB ‘alt’ is a comprehensive digital banking solution that integrates DIB’s extensive range of digital offerings and capabilities into one platform, providing customers with a seamless and hassle-free …
UAE: 800 fintech firms need $7bln in funding in 3 years across Menap
At present, the region’s fintech funding levels, excluding capital raised by new digital banks, relative to GDP are much lower than recorded in other markets …
UAE: 800 fintech firms need Dh26 billion in funding in 3 years across Menap
Fintech companies in the Middle East, North Africa and Pakistan (Menap), which comprise approximately 800 funded start-ups, will need new funding of around $5 billion to $7 billion (Dh18.35 billion to …
Saudi Arabia’s Milling Company 3 plans 2024 IPO -sources
Saudi Arabia’s Milling Company 3 (MC3) is planning an initial public offering (IPO) next year and has invited banks to pitch for roles in the deal, two sources familiar with the matter said. MC3, …