The CBUAE explained that banks’ capital and reserves do not include subordinated borrowings/deposits, but do include the current year’s profits …
UAE banks’ capital, reserves hit AED495.2 billion
The total capital and reserves of banks operating in the UAE reached AED 495.2 billion at the end of June 2024, a year-on-year (YoY) increase of 10.6 percent compared to AED 447.8 …
UAE banks’ capital, reserves hit AED495.2 billion
The total capital and reserves of banks operating in the UAE reached AED 495.2 billion at the end of June 2024, a year-on-year (YoY) increase of 10.6 percent compared to AED 447.8 …
Abu Dhabi bank on the prowl: UAE Ambassador’s comments spark Yes Bank buyout rumours
An Abu-Dhabi based bank is likely to purchase a significant stake in an Indian bank, UAE Ambassador to India Abdulnasser Alshaali told CNBC TV-18, triggering speculation the target is Yes Bank. The …
WHO commends UAE’s efforts to evacuate sick, injured from Gaza
WHO Director-General Dr Tedros also expressed his appreciation to the UAE for its support of this evacuation of the sick and wounded from the Gaza Strip to receive the urgent care they need.
UAE: This Congolese couple is changing the haircare game with fair-priced luxury products
Congolese couple Fabrice Kabongo and Candice Yumba have strong entrepreneurial skills, which are evident as they grow their brand in the …
Which Website is Best for Finding Properties for Sale in the UAE?
Today, in economically challenging situations, a good investment is always a financial comfort. This is when real estate investment in the UAE seems like the most viable option. The industry is …
Axiom Global spearheads innovation for a sustainable energy sector
Axiom Aviation is committed to launch Sustainable Aviation Fuel (SAF) in UAE and is closely working in this regard to meet the requirement of Airlines for SAF. Axiom Global Oil and Gas Trading is …
Is your business corporate tax ready? : Frequently asked questions by clients
As we advance in our series on corporate tax readiness, addressing the frequently asked questions (FAQs) regarding corporate tax and transfer pricing is essential. Over the past few months, we have …
Filipino child sex trafficker nabbed in Dubai arrives in PH
Accused pedophile Teddy Mejia arrived in the Philippines on Thursday following his arrest in Dubai on child sex trafficking charges. According to a 24 Oras report by Emil Sumangil on Thursday, Mejia …
UAE cities serve as BRI gateway to Middle East, speakers at Hong Kong forum say
with the companies investing in Dubai’s free trade zones being exempt from the 5 percent import duties or from the corporate tax under certain conditions. Dubai has been a draw for new talents and …
Abu Dhabi awards key oil and gas concession to Indian JV
Abu Dhabi has awarded a key production concession for Onshore Block-1 to Urja Bharat (UBPL), a joint venture between Indian Oil Corporation and compatriot Bharat Petroleum Corporation. Jassem Mohammed …
New company established to manage, operate advertising sites in Dubai
Image Credit: WAM Dubai: A new company will be set up to manage, develop, and operate advertising sites in Dubai, with Dubai’s Roads and Transport Authority (RTA) and Dubai Municipality delegating all …
New company established to manage, operate advertising sites in Dubai
Image Credit: WAM Dubai: A new company will be set up to manage, develop, and operate advertising sites in Dubai, with Dubai’s Roads and Transport Authority (RTA) and Dubai Municipality delegating all …
What Business Leaders Should Consider Before Relocating To The UAE
There are several factors that might make the UAE an attractive hub not only for wealth but also for business. Based on my experience as the founder of a legal and financial advisory firm based in …
Dubai Police, RTA launch joint patrol units for monitoring heavy vehicles on six key roads
Heavy vehicles to be issued fines by police if violations that compromise the safety of vehicles, roads, or road users are detected on their part …
DIB to provide $4.08m to support development of cancer care hospital in Dubai
The UAE-based Dubai Islamic Bank (DIB) has pledged to provide around AED15m ($4.08m) to the Al Jalila Foundation to support the development of a cancer care hospital. The Hamdan Bin Rashid Cancer …