The Ministry of Finance said that these amendments reflect its ongoing commitment to enhancing transparency within the overall tax regime …
Mahindra Insurance Brokers launches reinsurance division in Dubai International Financial City
Mahindra Insurance Brokers has announced the opening of its reinsurance office at Dubai International Financial Centre (DIFC). The set-up of a new regional division enables the company to cater to the …
UAE takes part in 122nd Meeting of Financial & Economic Cooperation Committee of GCC
In November 1976, the United Arab Emirates was on a date with the birth of the Emirates News Agency, as a news and knowledge media entity that expresses the country, and on June 18, 1977, “WAM” …
Exclusive: Online retailer Shein to hold roadshows soon ahead of London IPO, sources say
Shein is set to hold informal investor meetings in the coming weeks for its planned London initial public offering (IPO), three sources with knowledge of the matter said, pushing ahead with …
Family credit in UAE banking sector reaches $115bln
Overall, family credit in Arab countries accounted for 38% of total private sector credit at the end of 2023, up from 37.1% in 2022 …
Family credit in UAE banking sector reaches $115 billion
ABU DHABI, 4th October, 2024 (WAM) — The family credit in the UAE banking sector reached approximately $115 billion last year, according to the latest statistics from the Arab Monetary Fund. The Fund …
Dubai Islamic Bank celebrates fifth fohort of high potential programme, paving the way for future leadership
The 5th batch of HIPO graduates were felicitated by the Group CEO, Dr. Adnan Chilwan, as well as other executives from the senior leadership team of the organisation …
New banking podcast in UAE tops ratings
The podcast has already featured bank CEOs, global CMOs, fintech founders and regulators discussing the future of finance and payments …
UAE residents spend about Dh7,600 each on healthcare every year, reveals study
The study showed how 8 out of 10 residents reported receiving a ‘very caring experience’ from the country’s healthcare system …
Shein Plans Investor Meetings Ahead of London IPO
Online fashion retailer Shein is preparing to start early, informal meetings with investors to gauge interest ahead of a potential initial public offering in London, according to a person familiar …
Dubai: Financial firm fined over Dh2.6 million for misleading bank, misusing client funds
A firm was fined by the Dubai Financial Services Authority for multiple breaches of its policies and violations against client funds. The OCS International Finance Limited was found to have mismanaged …
UAE accounts for 47.3% of Arab exchange companies: AMF
The United Arab Emirates accounts for approximately 47.3 per cent of the Arab exchange companies, according to the latest statistics from the Arab Monetary Fund (AMF).
UAE’s Ajman Bank announces inclusion in FTSE Global Equity Index, expands investor access via eToro
The inclusion in the global indexes reflects the bank’s consistent efforts to enhance shareholder value and reach a broader audience of investors globally Ajman Bank announced the inclusion of its …
Dubai watchdog DFSA imposes almost $1mn combined fine on OCS International Finance and its CEO, citing regulatory breaches
The DFSA fined OCS $720,905 (AED2,645,721) and Thurner $186,003 (AED682,631) after applying a 30 percent settlement discount …
What will Interactive Brokers’ UAE bank account mean for local investors?
Nasdaq-listed electronic broker and trading platform Interactive Brokers (IBKR) is set to open a local bank account in the region for dirham-denominated cash transfers as it seeks to expand its Middle …
UAE healthcare: Over 90% of foreign residents say healthcare is better than in home country
The vast majority of foreign residents believe the UAE healthcare system is high quality, with only 6 percent preferring their home country’s, according to the report …
UAE holds largest share of Arab banking sector assets
Banks in the UAE hold the largest share of the Arab banking sector’s assets at 24.3 per cent, the Arab Monetary Fund (AMF) revealed in a …