In his capacity as Ruler of Dubai, HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, has approved the general budget for the fiscal cycle of 2024-2026, with total …
UAE lender ADCB to sell majority stake in Abu Dhabi Commercial Properties
Abu Dhabi Commercial Bank (ADCB), the UAE’s third-biggest lender, is set to sell a stake in its wholly owned subsidiary Abu Dhabi Commercial Properties (ADCP). The lender has received a binding offer …
Dubai Investments acquires additional stake in UK’s Monument Bank
DUBAI — Dubai Investments, the leading investment company listed on the Dubai Financial Market (DFM), has acquired additional 7.68 percent equity stake in Monument Bank Limited, a UK Based Digital …
UAE: Sheikh Mohammed Announces 10 Economic Principles Full List Explained
The UAE has announced an ambitious plan to develop its economy into the world’s best. The country’s Vice-President unveiled a 10-point document that …
Trader Loses Last Fight to Kick Out $1.8 Billion UK Dividend Tax Fraud Case
Hedge Fund trader Sanjay Shah lost a last-ditch attempt at the UK’s top court to stop a £1.44 billion ($1.8 billion) trial with Danish tax officials over Cum-Ex tax dividend trades going ahead in …
These are the highest paying jobs in the UAE for 2024
This is indicative of a tighter market and tentative economy. Five hundred professionals living and working in the UAE — in sectors such as finance and accounting, financial services, IT and …
Dubai Investments hikes stake in UK’s Monument Bank to nearly 17%
Dubai Investments said the transaction, which is subject to regulatory approvals, will increase its holding in the bank to 16.93 per cent.
Emirates NBD first bank in the Middle East to receive Parksmart Gold certification for Nad Al Sheba parking facility
Prestigious certification underscores bank’s commitment to sustainability and environmental responsibility Achievement further cements bank’s positions as an industry leader in sustainability Emirates …
Russians buying less Dubai property – Bloomberg
Purchases of Dubai real estate by Russian investors have started to slow Bloomberg reports citing top brokers Read Full Article at RTcom …
UAE’s e& to pay $1.55bln in royalty and corporate tax; Du to also pay $490mln
under the new royalty regime outlined by the UAE Ministry of Finance. Corporate tax will correspond to 9% of profit after royalty as per corporate tax law. The aggregate amount of royalty and …
Dubai Investments acquires additional 7.68% stake in UK’s Monument Bank
Dubai Investments, an investment company listed on the Dubai Financial Market (DFM), has acquired an additional 7.68% equity stake in the UK-based digital bank, Monument Bank Limited.
UAE central bank to penalize unlicensed virtual asset service providers
Within the new document, the central bank also noted that VASPs operating in the UAE without a valid license will be subjected to “civil and criminal penalties including, but not limited to, financial …
Dubai: Dutco and Ellington Properties reveal ‘One River Point’ at Business Bay
The project is part of a collaborative strategy to expand and build kpremium residential developments. Dubai: Dutco and Ellington Properties reveal ‘One River Point’ at Business Bay. business bay, …
UAE AI company Presight clears Dh1b in nine-month revenues; stock is up 80% year-to-date
The stock is down 21 per cent year-to-date. In recent months, there’s been active talk about more tech companies joining in the UAE IPO wave. With AI and digital becoming such an integral part of …
Saudi Arabia dominates MENA IPO activity in Q3, raises $330mln from 5 listings: EY
Saudi Arabia continued to dominate initial public offering (IPO) activity in the MENA region, listing five of the six companies in Q3 2023 and raising $330 million, EY said in its latest MENA IPO …
Dubai-listed Emirates Investment Bank Q3 2023 profit surges to $6.8mln
Dubai-based Emirates Investment Bank has seen its third-quarter income surge by five times compared to a year earlier. Profit attributable to equity holders stood at AED25 million ($6.8 million) …
Dubai: Salik CEO slams fake posts about investment opportunities with toll gate operator
Investors have been advised to obtain information from official sources when investing in Dubai’s toll gate operator Salik Company, its chief executive said in an interview with .Various fake posts …