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Tag: banking

Posted on 18/07/2025

UAE issues new decision on depreciation rules for investment properties under corporate tax law

The UAE Ministry of Finance has issued a new ministerial decision outlining how depreciation adjustments will apply to investment properties held at fair value, under the framework of the country’s …

Posted on 18/07/2025

UAE central bank fines foreign bank branch $164,000 for regulatory violations

The Central Bank of the UAE (CBUAE) has imposed a financial sanction of AED 600,000 on a branch of a foreign bank operating in the UAE for failing to comply with regulatory requirements.

Posted on 18/07/2025

GNG Electronics IPO opens on July 23; check price band, lot size, key dates

GNG Electronics IPO: GNG Electronics, a refurbisher of laptops and desktops, is set to launch its initial public offering (IPO) on Wednesday, July 23, 2025. The ₹460.43 crore issue comprises a fresh …

Posted on 18/07/2025

GNG Electronics to launch ₹460 cr IPO on July 23; check price band, lot size & other details

GNG Electronics IPO comprises a fresh issue of equity shares worth ₹400 crore and an offer for sale (OFS) of 25.5 lakh shares by promoters.

Posted on 18/07/2025

Dubai, Bali top picks for Indians in Jan-June

Dubai, Bali and Bangkok topped the overseas travel preferences of Indians booking through the OYO app between January and June this year, with 65 per cent Year-on-Year growth in …

Posted on 18/07/2025

Dubai Financial Services Authority’s Charlotte Robins on how its Tokenisation Sandbox is gaining traction

The MD of Policy and Legal at the Dubai Financial Services Authority shares how nearly 100 expressions of interest from six jurisdictions in the Tokenisation Regulatory Sandbox reflect growing global …

Posted on 18/07/2025

UAE authority warns against unlicensed trading firms after KT reports

The UAE’s financial regulatory agency has warned residents against dealing with three companies previously exposed by Khaleej Times for running unregulated trading operations that left scores of …

Posted on 18/07/2025

Aldar welcomes new UAE tax depreciation decision as positive step for the real estate sector

New Ministerial Decision allows depreciation deductions for investment properties held at fair value under the UAE Corporate Tax Law …

Posted on 18/07/2025

Real Estate: Preliminary Sales Figures Hit Record Highs in Dubai

Demand for residential real estate in Dubai and elsewhere in the Gulf region remains high despite the recent escalation of Israel-Iran tensions and tariff disruptions, said Standard and Poor’s in its …

Posted on 18/07/2025

Banking in Dubai – Business Insider

Banking in Dubai offers unique opportunities and challenges, reflecting the city’s rapid economic growth and innovation. Business Insider Subscribe Newsletters …

Posted on 18/07/2025

Emirates NBD helps secure $1bn for Dubai Metro’s $5.6bn Blue Line

Emirates NBD said Wednesday it has concluded AED 3.9bn ($1bn) Syndicated Bonding Facilities to a consortium that will deliver the new Dubai Metro ‘Blue Line’ Project.

Posted on 17/07/2025

Dubai’s Young Investor Program Expands: Shaping Future Financial Leaders

Dubai’s Knowledge Fund Establishment, in partnership with the National Bonds Corporation, has launched a new phase of the Young Investor Program. Targeting over 75,000 students across 50 private …

Posted on 17/07/2025

UAE Strengthens Global Finance Ties at G20 Meeting in Durban

The UAE, led by the Ministry of Finance, participated in the G20 Finance Ministers and Central Bank Governors Meeting in Durban. The discussions focused on global economic coordination, sustainable …

Posted on 17/07/2025

Kenya’s largest bank to open UAE office to attract Gulf wealth

Equity Group Holdings Plc, Kenya’s largest lender, plans to establish an office in the United Arab Emirates (UAE) in the fourth quarter of the year. ・Equity Group Holdings Plc plans to open a UAE …

Posted on 17/07/2025

UAE Central Bank fines foreign bank $163,000 for non-compliance

The branch had failed to meet the requirements set out in the Market Conduct and Consumer Protection Regulations and Standards.

Posted on 17/07/2025

United Arab Bank net profit up by 50% for the first half of 2025

Highlights: Net profit reported at AED 208 million for H1 2025 compared to AED 139 million for H1 2024; reflecting a YoY increase of 50%. Earnings per share rose to AED 0.

Posted on 17/07/2025

Dubai, Bali top picks for Indians in Jan-June; bookings for visa-easy destinations jump: OYO Report

Dubai, Bali and Bangkok topped the overseas travel preferences of Indians booking through the OYO app between January and June this year, with 65 per cent Year-on-Year growth in bookings for travel …

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