The United Arab Emirates’ highest court Tuesday ordered a British hedge fund trader convicted of orchestrating a $1.7 billion tax fraud to pay that amount to Denmark’s tax authority. Financier Sanjay …
UAE: Will 9% corporate tax apply to personal income, investments? Ministry clarifies
The UAE’s Ministry of Finance on Wednesday clarified that individuals conducting business activities will be subject to corporate tax and registration requirements only if their combined turnover …
UAE business owners to be subject to corporate tax only if their turnover exceeds Dh1m
The UAE’s Ministry of Finance has confirmed that business owners in the country will be subject to corporate tax only if their turnover in a calendar year exceeds Dh1 million ($272,294). The Cabinet …
The UAE-based Balance App: Revolutionizing Mobile Banking with a Focus on Millennials, Gen Z and First-Time Investors
Kartik Tikku said We are working with the current ecosystem and adding value to it through our design, product, and branding expertise …
Dubai real estate market records AED2bn property deals on Tuesday
Tuesday’s deals included 512 sales transactions worth AED1.39 billion, 98 mortgage deals of AED562.97 million, and 23 gift deals amounting to AED59.9 million Dubai real estate market records AED2bn …
UPDATE 1-UAE’s Aldar to issue 10-yr $500 mln green sukuk Weds-document
Aldar Investment Properties, a unit of Abu Dhabi’s largest developer Aldar Properties , plans to issue a $500 million 10-year debut green Islamic bond, or sukuk, on Wednesday, according to a bank …
Empowering the future of finance
The Finance Excellence and Leadership Summit, organised by the Association of Chartered Certified Accountants (ACCA) and the Institute of Management Accountants (IMA), is an innovative event that …
UPDATE 1-Abu Dhabi’s ADNOC looks to raise up to $607 mln from IPO of logistics unit
State oil giant Abu Dhabi National Oil Co (ADNOC) said on Tuesday it has set a price range for an initial public offering of its marine and logistics unit that could raise up to $607 million and could …
Dubai records over $544mln in realty transactions on Tuesday
DUBAI: Dubai real estate market recorded 512 sales transactions worth AED1.39 billion, in addition to 98 mortgage deals of AED562.97 million, and 23 gift deals amounting to AED59.9 million on Tuesday, …
Gross banks’ assets rose by 2.2% at end of February 2023: UAE central bank
ABU DHABI: Gross banks’ assets, including bankers’ acceptances, rose by 2.2 percent, from AED 3,668.2 billion at the end of January 2023 to AED 3,747.8 billion at the end of February 2023, according …
UAE Central Bank imposes administrative sanctions on 8 banks
Penalties by the CBUAE take into account the banks’ failures to comply with the instructions not to grant any loans or credit facilities to the beneficiaries …
Dubai records over AED2 bn in realty transactions Tuesday
Dubai real estate market recorded 512 sales transactions worth AED1.39 billion, in addition to 98 mortgage deals of AED562.97 million, and 23 gift deals amounting to AED59.9 million on Tuesday, data …
Adnoc L&S IPO: How to subscribe to Abu Dhabi-based company’s shares for Dh2
(For UAE citizens and residents holding Emirates identity); Passport … in the name of the applicant and not a joint bank account. The price range for the IPO has been set between Dh1.99 to Dh2.01 …
Dubai: The next hedge fund centre – Opportunities and outlook
DIFC’s remarkable growth significantly contributes to the goal of the Dubai Economic Agenda (D33) to transform Dubai into one of the world’s top three cities for business …
UAE Central Bank imposes sanctions on 8 banks
The Central Bank of the UAE (CBUAE) imposed administrative sanctions on eight banks operating in the UAE.
Dubai real estate: Buoyancy in market continues with AED2bn deals on Monday
Monday’s deals included 638 sales transactions worth AED 1.79 billion, 116 mortgage deals of AED188.46 million, and 17 gift deals amounting to AED 29.45 million, according to data by Dubai’s Land …
Adnoc L&S: Abu Dhabi-based company aims to raise $607 million in IPO, sets price range of Dh1.99-Dh2.01
A dnoc Logistics and Services expects to raise up to $607 million (Dh2.23 billion) by selling 1.1 billion shares, representing 15 per cent stake in the firm, in an initial public offering and to list …