Investors’ interest in an IPO this year could be bolstered by the planned expansion … Subscribe to Arabian Business’ newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox.
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Saudi Aramco working to raise cheap loans before IPO – banking sources
DUBAI, Jan 10 (Reuters) – Saudi Aramco
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Dubai’s DFM reveals list of securities in short selling push
Dubai Financial Market (DFM) on Tuesday announced the list of securities eligible for trading as part of the regulated short selling (RSS) service. The service has recently been launched as part of its efforts to provide market participants with new tools …
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Dubai bank to launch first battery powered payment cards
Dubai’s biggest bank on Tuesday announced plans to introduce the first battery-powered, interactive payment cards to the UAE this year. Emirates NBD has teamed up with Dynamics Inc on Wallet Card, which is the world’s first connected, secure payment card …
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Effects of VAT on individuals minimal: Ministry of Finance
DUBAI: The Ministry of Finance stated that adopting value-added tax (VAT) in the UAE will have a positive effect on its development and competitiveness — and will contribute to building a sustainable knowledge-based economy for future generations …
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Non-Muslim expats: How to get a will for assets in the UAE
If you do not have a will, the UAE Law of Inheritance will be applied on your assets after your demise; and can even affect the guardianship of your children if they are in the minor age group. As a non-Muslim expat in the UAE, you may already have a will …
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Hedge Funds’ Indian Revenge, by Way of Singapore
The Dubai Gold & Commodities Exchange recently expanded its own … could make them an attractive proposition for heavy users of these products — India-focused hedge funds. Besides, unlike with Nifty futures, which are licensed from India’s National …
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Aramco invites bankers to discuss IPO
LONDON/DUBAI: Saudi Aramco has invited banks pitching for roles in … The meetings are an indication that preparations for a 2018 initial public offering, which could be the biggest IPO in history, are progressing despite market speculation it could …
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UAE Central Bank says coin availability is ‘sufficient’
Dubai: The Central Bank of the UAE on Monday said the amount of coins available in the market as “sufficient” amid complaints from consumers about exact change following the roll-out of Value-Added Tax (VAT). In a statement, the Central Bank said that …
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UAE finance ministry says VAT will have “small impact” on society
The UAE’s Ministry of Finance has said the introduction of value added tax will have only a “small impact” on society, amid cost of living concerns from some residents. A survey released on Monday showed nearly have of UAE residents were concerned …
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Dubai’s Drake says UAE bank debt restructuring completed
Dubai-based contracting giant Drake & Scull International (DSI) has announced that it has successfully completed the restructuring of its corporate general bank debt in the UAE. The company said in a statement that it has also secured new credit lines and …
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UAE central bank says enough coins in circulation amid overcharging concerns
The UAE’s Central Bank has said the country has sufficient small coins in circulation following concerns consumers were being overcharged for some products following the introduction of value added tax. Last week, the Department of Economic Development …
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Luxury is high on the spending priorities of GCC visitors to the UAE
The UAE’s retail sector has a synergistic relationship with tourism — visitors seek out the country for its variegated shopping options and the retail sector’s growth is closely tied to visitor spend. Due to ease of movement, proximity and other …
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Top 8 VAT tips for UAE Entrepreneurs to avoid costly penalties
Here are Thaker’s Top 8 Tips for UAE entrepreneurs to help SME business owners avoid financial penalties that may be imposed due to violations, errors and incorrect record-keeping: Read: Saudis greet New Year angry at Qatar, living conditions …
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Saudi Aramco IPO a step closer as decree creates new corporate structure
DUBAI: Saudi Arabia has taken a crucial step in its plans to … “As a customary step in the preparation process for a Saudi initial public offering (IPO), Aramco has been registered and converted from a royal decree company to a joint stock company.
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Mashreq Neo: UAE’s new bank offers fresh experience for digital natives
Mashreq Neo is the new full-service digital-only bank for customers in the UAE. This newest bank is the child of the UAE’s oldest: Mashreq Bank, which has 50 years of experience providing award-winning financial services in the country. Mashreq’s Head …
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Mashreq Bank: Digitisation mustn’t leave face-to-face customers behind
Mashreq Bank celebrated its 50th anniversary in 2017. It’s the UAE’s oldest bank, and has been innovating throughout its history, achieving a number of notable firsts in expanding financial services in the country. Head of Retail Banking Subroto Som …
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