Finastra, a global provider of financial software applications and marketplaces, has opened a new office in the Dubai International Finance Centre (DIFC). Finastra has been operating in Dubai for over …
Tax residency rules in UAE: All your questions answered
A UAE ministerial decision issued on the determination of tax residency will ease the lives of expats living in the UAE and be in their best interest – according to experts in the country. Earlier …
UAE and Saudi Arabia to lead 2023 MENA IPO market: EFG Hermes
The IPO markets in MENA have seen strong momentum last year led by GCC countries, especially UAE and Saudi Arabia”. The comments came on the sidelines of the 17th EFG Hermes One-on-One Conference in …
5 banks to issue letters of credit for UAE fuel
Five local banks have been picked to issue letters of credit of up to Sh614.89 billion ($4.8 billion) for fuel that Kenya will import on credit from the United Arab Emirates over a nine-month …
Dubai Records Over AED4.1Bn In Realty Transactions Monday
Dubai real estate market recorded 614 sales transactions worth AED1.74 billion, in addition to 106 mortgage deal …
Big Oil must decarbonize quicker, says UAE energy exec running the next U.N. climate summit
Let me call on you today to decarbonize quicker, future-proof sooner and create the energy system of the future, today,” he said Monday in keynote remarks at CERAWeek, a major global energy conference …
UAE, Saudi Arabia to lead IPO Mena markets: EFG Hermes
The IPO markets in Mena have seen strong momentum last year led by GCC countries, especially UAE and Saudi Arabia, says Karim Awad, group chief executive officer of EFG Hermes Holding …
UAE: More IPOs are in the pipeline after the success of Adnoc Gas
Big private sector companies, family-owned businesses and state-owned enterprises are planning to float their shares after the government’s initiative to encourage public listings to broaden the capit …
UAE: Sheikh Mohammed announces $100 billion Asian Infrastructure Investment Bank office
An office of the Asian Infrastructure Investment Bank (AIIB) will be established in the UAE, the country’s Vice-President announced on Monday as he chaired..
UAE to set up $100 billion Asian Investment Bank office
Sheikh Mohammed said on Twitter, “Today, I chaired a meeting of the Council of Ministers at Al Watan Palace in Abu Dhabi, during which we approved 4 international economic agreements and approved the …
Saudi Arabia says it deposited $5B in Turkish central bank
Saudi Arabia said Monday it deposited $5 billion into the Turkish central bank, likely helping Ankara firm up its long-weakening currency, the lira, after last month’s massive earthquake that struck …
Dubai court acquits 14 in major Dh4.4 million embezzling case
Employees of a hotel group were found to have transferred money from their company to other firms for a period of two years …
UAE to set $100 billion Asian Investment Bank office
Sheikh Mohammed said on Twitter, “Today, I chaired a meeting of the Council of Ministers at Al Watan Palace in Abu Dhabi, during which we approved 4 international economic agreements and approved the …
Abu Dhabi’s Presight AI plans IPO in 2023
Presight, a public company limited by shares, incorporated in the Abu Dhabi Global Market, supports public services and commercial businesses of all magnitudes by unlocking positive societal impact …
Majid Al Futtaim Announces 2022 Full Year Financial Results – Mid-East.Info
Reported a 4% increase in EBITDA to AED 4.1 billion and a 12% increase in revenue to AED 36.3 billion.
UAE’s Minister of State for International Co-operation Calls for New Approach to Climate Finance at Raisina Dialogue
UAE’s Minister of State for International Co-operation, Reem Al Hashimy, spoke on the second day of the Raisina Dialogue in New Delhi about the ineff …
UAE Banks Federation: Member Banks Have a Key Role in Combating Money Laundering Based on Trade and Letters of Credit
The workshop underlined the pivotal role that banks play in combating money laundering based in trade and credit documents, which attempts to disguise illegal proceeds as legitimate commercial …