The UAE will impose a minimum top-up tax of 15 per cent on large multinational companies operating in the country from next month …
Al Ahli Bank of Kuwait Wins Three International Business Magazine Awards
Al Ahli Bank of Kuwait (ABK) has been honoured with three prestigious awards from International Business Magazine during a grand ceremony held at Atlantis The Palm, Dubai. The event was attended by …
UAE leads Gulf IPO boom in 2024
Food delivery service Talabat’s $2 billion offering cements Dubai’s position as the top listing hub in the region.
Maktoum bin Mohammed reviews Dubai Securities and Exchange Higher Committee’s 2024 accomplishments, future projects
His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance of the UAE, and Chairman of the Dubai Securities and Exchange …
UAE: Ministry of Finance announces amendments to Corporate Tax Law
These amendments include introduction of a Domestic Minimum Top-up Tax (DMTT), and tax incentives to support growth and innovation …
Dubai Ruler Sheikh Mohammed announces new UAE Ministry of Family, government reshuffle
The changes include the establishment of the UAE Ministry of Family and the elevation of the Ministry of Community Development to become the Ministry of Community Empowerment …
Nisus Finance IPO Receives Bumper Subscription Over 192 Times; NIIs Portion Booked 451x On The Last Day
On the final day of bidding on Friday, the public offer was subscribed to more than 192 times across all investor categories, indicating a high level of demand for Nisus Finance Services Limited’s IPO …
SME finance in the Middle East: the shift towards digital solutions
SMEs in the UAE face unique challenges in accessing finance and managing operations. With new digital solutions and tailored services, Mashreq is addressing these needs, aiming to improve the SME …
UAE: Gold reserves at Central Bank cross Dh22 billion mark, grow by over 21% since January
Gold reserves at the UAE’s Central Bank exceeded Dh22.021 billion as of the end of August, rising by about 3.5% month-on-month compared to Dh21.28 billion at the end of July. The bank’s gold reserves …
Aliph Capital strikes deal to acquire 25% stake in UAE-based lifestyle products supplier Sanipex Group
Aliph Capital, the first female-founded private equity fund in the Middle East, announced the acquisition of a 25 percent stake in Sanipex Group, a leading lifestyle products supplier in the UAE.
Indian rupee gains slightly against UAE dirham on Friday
The Indian rupee strengthened on Friday, tracking a rise in most regional peers that were boosted by a softer US dollar, while traders await the Reserve Ba..
‘It’s a rich man’s world’: British expat Lucy Bradley on ABBA summing up financial struggles perfectly
Lucy Bradley, 49, the founder of Plug Communications in Dubai, has been in the UAE for 21 years. The British expatriate continues to keep her feet on the g..
‘Saving money is one of the worst financial moves’: ‘Rich Dad Poor Dad’ author Robert Kiyosaki
Build a safety net.” Meanwhile, the financial decisions that shape the fate of our world remain confined to the upper echelons of Wall Street and corporate boardrooms.Over the past decade, …
Lulu IPO Gets Mixed Reception
raised $1.72 billion last month in an initial public offering (IPO) that was more than 25 times oversubscribed and the largest listing in the United Arab Emirates (UAE) this year. The company sold …
Crypto startups ousted as Ponzi Schemes by US are thriving in Dubai
Dubai’s alleged crypto scams are raking in billions. Experts and US authorities have raised alarms about the increasing number of Ponzi and pyramid schemes in the UAE, often disguised as legitimate …
Sharjah Islamic Bank forms strategic partnership with network international to enhance integrated payment solutions
Sharjah Islamic Bank (SIB) has announced a strategic partnership with Network International, the leading enabler of digital commerce in the Middle East and Africa. This partnership aims to leverage …
Future Sustainability Summit 2024 in Dubai
Dubai International Financial Centre (DIFC) welcomed more than 3,000 industry leaders, government officials, and sustainability experts to the 2nd Future Sustainability Summit 2024. The event convened …