National Bank of Fujairah Joins Nasdaq Dubai Murabaha Platform

National Bank of Fujairah (NBF) announced today that it has joined Nasdaq Dubai’s rapidly expanding Islamic financing Murabaha platform, which offers unique advantages to financial institutions and clients seeking Sharia’a-compliant solutions and ... ( read original story ...)

UAE FMA launches Emiratisation programme

The UAE Financial Markets Association, UAE FMA, has announced the launch of the 'Emiratisation Optimal Performance Scheme' to encourage and support the local banking industry in implementing efficient nationalisation strategies. The programme launch in ... ( read original story ...)

Dubai’s Amanat eyes $490m spend on healthcare, education

Amanat Holdings has about 1.8 billion dirhams ($490 million) to spend on acquisitions in healthcare and education as the Dubai-based investment firm expands across the Middle East. The company is looking “at a couple of acquisitions” and “the pipelin ... ( read original story ...)

Which country leads MENA IPO activity?

The IPO of Al Ahlia Insurance Company raised US$ 19.5 million ... Panellists included Fahima Al Bastaki, Executive Vice President and Head of Business Development, Dubai Financial Market; Hassan Hijazy, Senior Vice President, Investment Banking; Andrew ... ( read original story ...)

UAE banking assets forecast to grow in 2018

Asset growth at UAE commercial banks will accelerate in 2018, underpinned by stronger economic activity, according to a new forecast by BMI Research. According to BMI, the sector will remain broadly stable throughout the year, with continued growth in ... ( read original story ...)

UAE MoF reviews Federal Decree Law No. (8) of 2017 on VAT

The UAE has completed all legislative requirements to ensure that the implementation of its tax system is the best globally. The Ministry of Finance has also authorised the issuance of tax-related legislation and policies, as well as the establishment of ... ( read original story ...)

ADNOC Distribution IPO values retail business at $8.5bn

In a note to investors on its website, ADNOC noted that the IPO “creates a new platform and route for further value creation.” “This important and strategic offering represents a unique opportunity for investors to own a stake in the UAE’s number ... ( read original story ...)

Bank accounts must for Pakistani expats to remit money

Dubai: The Pakistan government will soon make it mandatory for all expatriates from the country to open bank accounts back home to be able to send remittances, an official has said. The move will curb illegal transfers and money laundering. “The Pakistan ... ( read original story ...)