The company has fixed the IPO price band at Rs 256-270 per share. The lot size of Harsha Engineers IPO is 55 shares, for which one has to spend Rs 14,850. A retail individual investor can submit bids …
UAE corporate tax: All you need to know
According to the Ministry of Finance, the corporate tax will help the UAE achieve its development and transformation ambitions. The rate is said to be the lowest in the Gulf Cooperation Council (GCC) …
Goldman moves more bankers to Dubai in Middle East push
Goldman Sachs Group is moving more senior private bankers to Dubai as it builds up its presence in the Middle East territory that’s increasingly becoming a destination for the world’s rich. Charles …
Luberef IPO: Saudi Aramco’s refining unit set to raise $1.32bn from offering
The refining unit of oil company Saudi Aramco sold more than 50 million shares, or about 29.7 per cent of the company’s issued share capital, with the IPO drawing strong demand from investors in the …
UAE to collect 9% corporate tax from companies
The United Arab Emirates (UAE) on Friday issued a corporate tax law, under which a nine per cent tax rate will be applicable on companies posting a profit of above 375,000 dirhams, Khaleej Times …
UAE-Qatar bilateral trade, investments set to grow
Bilateral trade and investments are set to see strong growth between the UAE and Qatar following the visit of President His Highness Sheikh Mohamed bin Zay..
UAE tax: Finance experts explain new 9% corporate fee
UAE companies face new corporate tax on profits in 2023 UAE tax: Finance experts explain new 9% corporate fee Corporate tax, Corporate tax UAE, federal corporate tax, Law, Taxation, UAE law and …
UAE remittances: Pakistan, India, Philippines, Qatar major recipients in 2022
According to the World Bank figures, outward remittances from the UAE totalled $47.54 billion (Dh174.5 billion) in 2021 as compared to $43.34 billion in the previous year, an increase of 9.7 per cent.
5 things to know about UAE corporate tax
The introduction of corporate tax will be a paradigm shift for the UAE economy, UAE businesses as also for certain individuals. The key features of the corporate tax law were already shared by the …
Ajman Bank adds new payment services
The collaboration will allow KMMRCE Pay to operate across the UAE, supported by Ajman Bank’s compliance and regulatory frameworks.. Ajman Bank adds new payment services. Ajman Bank, FinTech, KMMRCE …
UAE Issues Decree-Law Imposing a Corporate Tax
The United Arab Emirates has issued a decree-law imposing a corporate tax at a 9 percent rate for taxable business income exceeding 375,000 dirhams ($102,000). The tax will apply to all firms from …
Taaleem IPO: UAE parents have a chance to pick schools and their stock too
As Taaleem readies an IPO, GEMS too could follow in going public for new funds UAE’s K-12 space keeps delivering growth – and parent-investors will want in on the action. They are getting an …
UAE: Mirza Hussain Al Sayegh, the man who shared a profound bond with late Sheikh Hamdan bin Rashid
The career diplomat, who traded a promising career to manage the world’s longest-serving finance minister’s diverse commercial pursuits and charities, looks back in …
UAE: Corporate tax law to bring further transparency, say analysts and tax experts
New corporate tax law will bring transparency and more sustainable investments within the country as businesses also will now be more prudent in their inve..
After a banner year for Middle East IPOs, VC is the big opportunity
Noor Sweid, founder of Global Ventures – a young Dubai-based venture capital fund with $200 million of AuM – sees company founders with great businesses starved of finance.
UAE: Mirza Hussain Al Sayegh, the man who shares a profound bond with late Sheikh Hamdan bin Rashid
The career diplomat, who traded a promising career to manage the world’s longest-serving finance minister’s diverse commercial pursuits and charities, looks back in …
UAE Central Bank imposes $286,000 fine on exchange house for compliance failures
The UAE Central Bank has imposed a fine on an exchange house in the country for failing to achieve the appropriate levels of compliance with financial activity regulations. The banking regulator fined …