State-owned Dubai Electricity & Water Authority is considering tripling its annual dividend target to 6.2 billion dirhams ($1.69 billion) after listing in the first half of the year, people familiar …
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UAE: Reader complains against bank’s delay to process an Initial Public Offering refund
Bank resolved the issue after Gulf News’ intervention …
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‘Ahead of plan’: Contractor Kent progressing after SNC deal but IPO still some way off
Boss of Dubai-based services outfit says revenues this year set to be better than budgeted but public listing not likely until 2024 …
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Will the UAE Introduce Income Tax? Here’s the Answer
It seems that the United Arab Emirates won’t be introducing an income tax anytime soon, a senior official said in an interview with Bloomberg TV.
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No UAE income tax for now, minister says
The UAE will not introduce an income tax for the time being … Over the next few weeks, the Ministry of Finance is expected to announce more details clarifying how the corporate tax will be imposed.
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Is UAE planning to introduce income tax? Minister clarifies
The interview comes in the wake of the UAE’s introduction of corporate tax on business profits from June 1, 2023.
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UAE Eyes More Trade Pacts to Secure Billions in Investments
The United Arab Emirates is working to close more trade deals as it seeks to deepen its ties with fast-growing economies and draw billions of dollars in foreign investment. “We are about to finish …
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UAE: How do I protect my spending power from inflation?
With inflation chipping away at your spending power, how can you protect yourself? Here are four steps financial planners recommend that’s practical for everyone. • Trim discretionary spending, …
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Saudi’s largest pharmacy chain Nahdi Medical to ‘accelerate’ UAE expansion
which has announced plans to launch an initial public offering (IPO), is also looking to expand its footprint in the UAE. The company, which is 50 percent owned by SEDCO Holding, one of the kingdom’s …
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Pakistan: UAE’s Dhabi Group to build Lahore’s tallest building
Lahore will get its tallest building at the bank of River Ravi as the Dhabi Group of the UAE signed an agreement with Punjab Government to invest Rs60 billion in the Pakistani province, according to …
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Saudi Arabia’s largest pharmacy chain to sell 30% stake in Tadawul IPO
The IPO share price will be determined at the end of a book-building … In 2019, Nahdi expanded its geographical footprint with one pharmacy in Dubai. The company plans to open more outlets in the …
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Dubai Police, UN agency launch diploma in combating money laundering and terrorism finance
The Dubai Police General Command and the Gulf Cooperation Council (GCC) Office of the United Nations Office on Drugs and Crime (UNODC) have recently signed a partnership agreement to develop an …
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Will Indian rupee hit 21.25 against UAE dirham this year?
The rise in US interest rates will be a positive for UAE dirham since it is pegged to the dollar … upcoming elections in India Ukraine crisis will dictate the rupee. US investment bank Morgan …
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Rising momentum of the region’s banking sector
UAE and Qatari banks showed high single digit bottom-line growth … Meanwhile, the future of the regional banking space looking promising as well. An S&P Global Ratings report revealed that GCC banks …
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Emirates NBD Pledges Support To Dubai Can Sustainability Initiative
Emirates NBD, a leading banking group in the MENAT (Middle East, North Africa and Turkey) region, has pledged its support to Dubai Can Emirates NBD, a leading banking group in the MENAT (Middle East, …
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UAE, GCC embrace digitisation faster in Middle East
UAE – Most important locations worldwide Giesecke+Devrient … central banks currently engaged in studies or pilot schemes for the development of central bank digital currencies (CBDCs). “Actually, …
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UAE – Reserve Bank of India has liberalised rules on interest rate derivatives
Uncertainties arising from global factors like the interest rate hike by the U.S. Federal Reserve Bank have been factored in by investors who prefer SIPs as an avenue for long term investments.
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