IPO activity in the Mena region retained strong momentum despite the weaker global sentiment with the first quarter seeing 10 IPOs netting proceeds of $3.4 billion. However, this represents a 33% drop …
UAE VP announces digital transformation of Central Bank
Apex bank will continue the Emiratisation of its administration and leadership positions, which now stands at 65 per cent, says governor …
EDB commits to finance UAE renewables sector
EDB is now two years into an ambitious five-year strategy aimed at empowering SMEs and large corporates in five priority sectors …
Al Etihad Credit Bureau and DIFC Innovation Hub empower fintech startups in the UAE
Reinforces AECB’s position as an enabler of premium fintech solutions supported by a robust, data-driven API ecosystem …
UAE announces major tax clarifications for corporates
The decision specifies the conditions that allow a person to continue to be considered exempt from UAE corporate tax UAE announces major tax clarifications for corporates Ministry of Finance, Tax, UAE …
UAE corporate tax: New exemptions announced
Decision clarifies rules to ensure that businesses remain eligible for exemption if they fail to meet the relevant immunity conditions under certain circumstances …
Ministry of Finance Issues Ministerial Decision on Exempt Persons for Corporate Tax Purposes
Decision clarifies conditions allowing exempt persons to remain exempt under certain circumstances.● Helps to exemplify the application of the Corporate Tax Law in the exceptional circumstances. Abu …
Emirates Development Bank reveals commitment to financing UAE renewables sector
Emirates Development Bank (EDB) underlined its commitment to the UAE’s sustainable development agenda and to support the UAE’s Strategic Net Zero by 2050 I..
UAE surplus tops $46bln in first nine months of 2022
The United Arab Emirates posted a fiscal surplus of 169.6 billion dirhams ($46.19 billion) in the first nine months of 2022, a 165% increase from the same period of 2021, the central bank said on …
Adnoc IPO: Abu Dhabi-Based Company Announces Intention To Float 15% Stake In Logistics, Services Division
Adnoc has announced its intention to float a 15% minority stake in Adnoc Logistics & Services (Adnoc L&S), its mission-critical global energy maritime and integrated logistics leader, on the Abu Dhabi …
Standard Chartered, DIFC to collaborate on digital assets in the UAE
Subject to regulatory approval, the digital asset custody services will start in DIFC Standard Chartered, DIFC to collaborate on digital assets in the UAE crypto, DIFC, digital assets, Dubai, MoU, …
UAE economy hits one of fastest growth rates in the world, says Central Bank
Sheikh Mansour says the apex bank has terminated support measures aimed at helping the country cope with Covid-19 repercussions — a decision that reflected the …
Emirates NBD ties up with DIFC to support Dubai’s D33
When in effect, the agreement will aim at bringing together Emirates NBD with DIFC, the leading global financial centre in MEASA, which is home to the largest cluster of FinTech and innovation hubs …
Emirates NBD, DIFC to support Dubai Economic Agenda D33 goals
The joint initiative aims to encourage national talent, drive innovation and entrepreneurial growth Emirates NBD and Dubai International Financial Centre (DIFC) have signed a Letter of Intent, joining …
UAE: Dubai gold prices inch up in early trade
Gold prices inched up in Dubai on Wednesday morning, as traders positioned themselves for key US inflation data due later in the day, which could impact th..
Dubai: Tenants can use credit cards to ‘rent now, pay later’ as new monthly instalment scheme is announced
A UAE-based start-up has announced a ‘rent now, pay later (RNPL)’ scheme for residents in Dubai. Set to launch in July this year, the platform will let ten..
DBS considering expansion in Dubai, CEO says
Mr Gupta’s remarks underscore the growing importance of Dubai, which is emerging as a favoured destination for hedge funds and financial firms, drawn by its ease of doing business, tax-free status and …