A British hedge fund trader was arrested by Dubai police for dividend tax fraud worth $1.7 billion. Sanjay Shah, 52, the alleged mastermind behind the scam, was wanted in Denmark for the past seven …
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France in talks with UAE to replace Russian oil supplies, finance minister says
French Finance Minister Bruno Le Maire confirmed Sunday that France was in talks with the UAE to replace Russian oil purchases as the European Union crude ban is set to take effect.
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UAE readies for GCC’s lowest tax regime as global corporates brace for tariff hikes
The median corporate tax rates in leading economies worldwide fell to a new low of 25.1 per cent in 2021, which is nearly three times of the nine per cent tax rate …
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France Is Talking to UAE About Replacing Russian Oil, Diesel
Tech Giants Are Dropping Bad News DailyOil Sands Crude Prices Nosedive as Russian Bans Upend MarketFor Intangible-Asset Craze, It’s Midnight in the Stock MarketStarbucks Illegally Closing N.Y. Cafe to …
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France in talks with UAE to replace Russian oil supplies -minister
France is in talks with the United Arab Emirates to replace Russian oil purchases, which will stop after the imposition of a European Union ban on Russian crude, Finance Minister Bruno Le Maire said …
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How do I reduce my carbon footprint as a Dubai resident?
In the UAE, the average person uses up as many as 450 plastic bottles a year, with only a small percentage being recycled.
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UAE forging ahead with confident steps: Mohamed Bin Zayed visits Sheikh Mohammed
President His Highness Sheikh Mohamed Bin Zayed Al Nahyan on Saturday visited His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, as part of His …
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UAE President Visits Sheikh Mohammed Bin Rashid
Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance; Sheikh Nahyan bin Zayed Al Nahyan, Chairman of the Board of Trustees of the Zayed Charitable and Humanitarian Foundation …
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Maait, his UAE counterpart agree on boosting cooperation
Finance Minister Mohamed Maait met on Saturday 04/06/2022 with his UAE counterpart Mohamed bin Hadi al Hussaini on the sidelines of the 2022 Annual Meetings of the Islamic Development Bank Group in Sh …
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Dubai police arrest British suspect in $1.7bn Danish fraud case
Arrest of Sanjay Shah made possible after Denmark signed an extradition treaty with the United Arab Emirates in March.
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Dubai Police arrest hedge fund trader Sanjay Shah over $1.7bn Danish tax fraud case
We will push for an extradition as soon as possible#dkpol Jeppe Kofod (@JeppeKofod) June 3, 2022Brig Jamal Al Jallaf, director of the General Department of Criminal Investigations, said Mr Shah, along …
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Borouge becomes largest ever IPO listed in Abu Dhabi’s history as investor appetite grows
The petrochemical firm’s offering was oversubscribed by 42 percent and showcased the highest subscription levels by UAE retail investors in a local IPO in almost two decades Borouge becomes largest …
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UAE: Adnoc delivers fourth consecutive record-setting IPO on ADX
Shares began trading at Dh2.45, implying a market capitalisation for the company of $20.05 billion at the time of listing …
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EFG Hermes concludes role as joint bookrunner on USD 2bln IPO
The transaction highlights the UAE’s efforts and commitment to engage global investors and further bolster the nation’s capital markets …
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How Decentralized Finance Supports Dubai’s Crypto Economy
Marcello Mari looks at the factors on why decentralized finance (DeFi) is popular in Dubai’s growing crypto ecosystem.
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Islamic bank opens new branch in CBD in expansion drive
Dubai Islamic Bank Kenya (DIB) has opened a branch in Nairobi’s Central Business District (CBD), the lender’s sixth branch in Kenya. DIB, which exclusively offers Sharia-compliant banking, has …
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Abu Dhabi’s ADGM joins single-use plastic ban in the UAE capital to boost a sustainable economy
ADGM will distribute re-usable tote bags to encourage its community to use sustainable alternatives Abu Dhabi’s ADGM joins single-use plastic ban in the UAE capital to boost a sustainable economy Abu …
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