Good news for cash-strapped Pakistan, as the United Arab Emirates (UAE) is likely to give written assurance to Islamabad for external financing of $1 billion this week.
UAE pension authority reveals strategies for securing an easy retirement
The advice was shared today by the General Pension and Social Security Authority (GPSSA) as part of the ‘Get Ready – Proactive Financial Planning’ campaign, which offers members of the public guidance …
UAE’s e& approves cash dividends for H2 2022 at Dhs0.4 per share
According to the group, the total annual dividend per share stands at Dhs0.8 Telecom giant e& announced its shareholders had approved the Board of Directors’ recommendation to distribute cash …
UAE tax exemption list: Here’s what you need to know
The Ministry of Finance has listed those who are exempt from registering for corporate tax. UAE tax exemption list: Here’s what you need to know. Corporate tax, Federal Tax Authority, Middle East tax, …
YOUAE Mortgages Launches New Mortgage Calculator App To Help Budget For A New Home
YOUAE Mortgages Launches New Mortgage Calculator App to Help Budget for a New Home Dubai, United Arab Emirates–(Newsfile Corp. – April 11, 2023) …
UAE economy to grow at a faster pace next year: IMF
T he International Monetary Fund (IMF) on Tuesday projected that the UAE economy will expand at a faster pace next year at 3.9 per cent as compared to 3.5 per cent this year. The Fund revised upward …
Al Ansari shares surge on Dubai market debut
Shares of Al Ansari Financial Services, the UAE money exchange and transfer company, surged more than 19 per cent at the start of trading on Thursday as the company made its debut on the Dubai …
UAE Banks’ Assets, Deposits Continue to Increase, According to Central Bank Data
(MENAFN) The latest report from the Central Bank of UAE on Monetary Banking Developments for January 2023 has revealed that the value of UAE banks’ assets, including acceptance certificates, has …
Commercial Bank of Dubai launches Bedayati program to develop young Emirati talent
Dubai: Commercial Bank of Dubai (CBD), one of the leading banks in the UAE, has announced the launch of the Bedayati program, a comprehensive initiative aimed at developing young Emirati talent in the …
UAE ranks 11th globally in commodity exports in 2022 with a 41 per cent growth
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 …