The UAE has been ranked 11th globally in the export of goods in 2022 with the total value of its goods trade amounting to USD 599 billion. The country accounted for 2.4 per cent of global merchandise …
Oman’s second-largest bank pursues merger with smaller rival
Oman’s second-largest bank is pursuing a potential merger with its smaller rival, potentially creating a lender with just under $20 billion in assets …
First Abu Dhabi Bank PJSC becomes the first registered Omnibus Account Operator with Dubai CSD
Dubai: First Abu Dhabi Bank (FAB), the UAE’s largest bank and one of the world’s largest and safest financial institutions, has become the first registered Omnibus Account Operator with the Dubai …
UAE reveals list of entities exempted from corporate tax
The UAE said government entities, government-controlled entities as well as extractive businesses are exempted from corporate tax …
Saudi, UAE banks rank highest valued in Middle East: Forbes
Gulf Cooperation Council (GCC) countries took 41 places, or 82%, of the list of the 50 highest valued banks in the Middle East and North Africa …
United Arab Bank boosts Tier 1 capital ratio
U nited Arab Bank has announced the successful issuance of its $150 million Additional Tier 1 (AT1) capital instrument which recently concluded through a private placement. The bank said the issuance, …
Dubai logs over AED1.5bn in realty transactions Monday
DUBAI, 10th April, 2023 (WAM) — Dubai’s real estate market recorded 572 sales transactions worth AED1.18 billion on Monday, in addition to 89 mortgage deals totalling AED310.59 million, and 17 gift …
Finance Ministry clarifies on the organisations exempted from corporate tax registration
The UAE Ministry of Finance on Monday released details of public and private sector organisations that are exempted from tax registration for new corporate tax that will be introduced in June this …
UAE consumers can now buy insurance to protect against online scams
People should consider obtaining personal insurance to protect against online scams, experts say. They are warning that a rise in the amount of fake emails, bogus calls and duplicitous text messages …
Dubai Integrated Economic Zones posts 42% jump in operating profit in 2022
Its total revenue also posted an increase of 29 percent last year Dubai Integrated Economic Zones posts 42% jump in operating profit in 2022 Dubai, Dubai businesses, Dubai economy, Dubai Integrated …
UAE announces tax exemption rules
The UAE Ministry of Finance has listed those who are exempt from registering for corporate tax UAE announces tax exemption rules Abu Dhabi, Corporate tax, Corporate tax UAE, corporate taxes, Dubai, …
UAE announces list of entities exempted from corporate tax
The UAE’s Ministry of Finance (MOF) has issued a new decision that explains which businesses are not required to register for Corporate Tax on the Taxation..
UAE: Ministry of Finance issues decision on exception from registration for corporate tax purposes
The Ministerial Decision on the Exception from Tax Registration sets out who would be excluded from registering for Corporate Tax …
National Bank of Fujairah announces long-term partnership with CleanMax to finance its rooftop solar projects in UAE
Dubai — The National Bank of Fujairah (NBF) announces that it has provided a long-term credit facility to CleanMax for refinancing its rooftop solar portfolio in the UAE. The facility will cover 48 …
First Abu Dhabi Bank open to acquisitions to spur growth, CEO says
First Abu Dhabi Bank is open to acquisition opportunities in the Middle East and North Africa and in markets beyond as long as the deals make commercial sense and create value for the UAE’s biggest …
Hedge Funds Rushed to Short Treasuries in Time for Payrolls Beat
Speculators timed it just about perfectly before Friday’s strong US payrolls data, adding the most to their bets against benchmark Treasuries in just over a year. Most Read from BloombergSaudi …
Second salary in UAE: Invest as little as Dh1,000 per month to earn additional income
Simply put, the savings plan allows customers to save monthly for a duration they choose, and receive an income at the end of it …