The company’s founder Kabir Mulchandani plans to bestow USD $200 million worth of his own shares, roughly 10 percent of the company to its employees. Inside FIVE Holdings plans to turn 50 employees …
Al Ansari Exchange inaugurates its 250th branch in the UAE
ALANSARI], one of the leading integrated financial services groups in the UAE, today announced that its subsidiary Al Ansari Exchange, the largest outward personal remittance and foreign exchange …
First Abu Dhabi Bank unveils SlicePay BNPL card in the UAE powered by Mastercard
IBS Intelligence (IBSi) is the world’s only pure-play Financial Technology focused research, advisory, and fintech news analysis firm, with a 30-year track record and clients globally. We take pride …
New UAE tax rules; NEOM Leyja hotels; 40 delivery rider stops in Dubai – 5 trending stories to read today
Dubai’s Roads and Transport Authority (RTA) is planning to build 40 air-conditioned rest areas for delivery riders in key areas across Dubai. The initiative aims to enhance road safety, foster …
Did Burna Boy Really Reject A $5M Offer To Play In Dubai Because Weed Is Banned There?
Burna Boy, the Nigerian music sensation, recently claimed he turned down a lucrative $5 million gig in Dubai due to the country’s strict marijuana laws. The artist revealed this during a live …
UAE neobanks to complement, not replace traditional banks: S&P
The adoption of neobanks – banks that operate only online and don’t have a physical presence – and traditional banks’ digital offering in the UAE is increasing and should continue to do so. Yet, a …
First Abu Dhabi Bank introduces SlicePay BNPL card in UAE
The buy now, pay later (BNPL) solution, which is now available, allows shoppers to convert their purchases into four interest-free installments …
UAE corporate tax: MoF issues new decisions related to free zones
The new corporate tax decisions reflect the significant role of free zones in the UAE’s economic diversification strategies …
UAE: ADGM to host Abu Dhabi Sustainable Finance Forum during COP28
ADSFF will be held on December 4 – the thematic day of ‘Finance, Trade and Gender Equality’ at COP28, which is scheduled to run from November 30 to December 12 at Expo City in Dubai. The event will be …
XRP Gains Dubai Regulatory Clearance With Ripple IPO News Anticipated Next Week
XRP Gains Dubai Regulatory Clearance With Ripple IPO News Anticipated Next Week, two trends that is boosting community sentiment …
Ripple’s XRP greenlighted by Dubai Financial Services Authority ahead of anticipated IPO
The upcoming Ripple Swell event in Dubai, scheduled for November 8-9, 2023, may reveal important updates including those on the XRP lawsuit presided over by Judge Analisa Torres. The cryptocurrency …
Investcorp Capital Seeks Up to $403 Million in UAE Listing
Investcorp Capital Plc and the Middle East’s biggest alternative asset manager, its parent, are looking to raise as much as 1.49 billion dirhams ($403 million) in an Abu Dhabi initial public offering.
UAE reveals new corporate tax decisions for free zone companies
The UAE Ministry of Finance on Friday announced new corporate tax decisions for companies in free zones as it seeks to standardise regulations with international frameworks.The new decisions aim to …
John Kerry on Corporate Climate Finance: Money Always Behaves the Same Way
Blended finance requires public money … The COP president, Sultan Al Jaber, is the CEO of the United Arab Emirates’ national oil company, and has made engagement with the sector a top priority. In …
ADGM to host Abu Dhabi Sustainable Finance Forum during COP28
Abu Dhabi [UAE], November 3 (ANI/WAM): In a significant alignment of sustainability and finance on the global stage, Abu Dhabi Global Market (ADGM) has announced the hosting of the sixth edition of …
Ministry of Finance announces new corporate tax decisions related to Free Zones
Abu Dhabi, UAE: The UAE Ministry of Finance has issued Cabinet Decision No. 100 of 2023 on Determining Qualifying Income, as well as Ministerial Decision No.265 of 2023 on Qualifying Activities and …
XRP approved by Dubai’s Financial Services Authority
The XRP token now stands to benefit from legal and regulatory clarity in the DIFC, according to the announcement.