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Tag: banking

Posted on 11/11/2020

UAE- Etihad Credit Insurance awarded Most Innovative Finance Solutions in Middle East 2020 for the second year in a row

DUBAI, 10th November 2020 (WAM) – Etihad Credit Insurance (ECI), the UAE Federal export credit company, has been recognised as the Most Innovative Finance Solutions in Middle East 2020 by the …
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Posted on 11/11/2020

Dubai Islamic Bank mandates banks for US dollar sukuk-document

Dubai Islamic Bank, Emirates NBD Capital, First Abu Dhabi Bank, HSBC, Sharjah Islamic Bank, and Standard Chartered Bank will act as joint lead managers …
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Posted on 11/11/2020

Dubai Islamic Bank mandates banks for U.S. dollar sukuk: document

Dubai Islamic Bank has mandated banks to arrange investor calls ahead of a planned sale of benchmark fixed-rate perpetual sukuk for additional Tier 1 purpose, a document said.
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Posted on 11/11/2020

Dubai Islamic Bank mandates banks for US dollar sukuk

Dubai Islamic Bank, Emirates NBD Capital, First Abu Dhabi Bank, HSBC, Sharjah Islamic Bank, and Standard Chartered Bank will act as joint lead managers and joint bookrunners to arrange a series of …
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Posted on 10/11/2020

One MENA IPO valued at $115.9mln listed in Q3: EY

The Mena region witnessed one IPO valued at $115.9 million in the third quarter (Q3) of 2020, said professional services firm EY in its Mena IPO Eye Report. The IPO of Amlak International for Real …
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Posted on 10/11/2020

UOWD Dubai Launches Master of Business Analytics course

University of Wollongong in Dubai (UOWD), the first international university in the UAE and the premier Australian university in the region, today announced the launch of its new Master of Business …
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Posted on 10/11/2020

Wellness Forever raises Rs 130 cr from UAE’s Allana group, Adar Poonawalla and others

Wellness Forever will utilise the funds for store expansion, strengthening its highly profitable private label brands under its subsidiary Amore, and invest more in e-commerce …
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Posted on 10/11/2020

UAE has no plan for now to increase VAT to over 5 percent: Finance ministry

The United Arab Emirates has no plan to increase value-added tax (VAT) to more than the current 5 percent, the ministry of finance said on Tuesday. All six Gulf Arab states agreed to introduce 5 …
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Posted on 10/11/2020

UAE says has no plan for now to increase VAT

The United Arab Emirates has no plan to increase value-added tax (VAT) to more than the current 5%, the ministry of finance said on Tuesday.
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Posted on 10/11/2020

UAE says no plan to hike VAT

… projects in accordance with the UAE government’s plans and mitigate impact of the Covid-19 pandemic The UAE’s Ministry of Finance on Tuesday said it raised Dh11.6 billion in value-added tax (VAT) …
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Posted on 10/11/2020

DIFC’s Innovation Hub to support Dubai’s future economic growth

The innovation mandate has expanded for the Dubai International Financial Centre (DIFC) the leading global financial centre and FinTech hub in the …
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Posted on 10/11/2020

UAE Reiterates It Currently Doesn’t Plan to Raise VAT

The United Arab Emirates reiterated that it doesn’t have any plans at the moment to raise the value-added tax after neighboring Saudi Arabia tripled the levy and Oman said it plans to start imposing …
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Posted on 10/11/2020

UAE’s Biggest Listed Firm Taqa Raises Foreign-Ownership Cap

(Bloomberg) — The biggest listed company in the United Arab Emirates, Taqa, said it will allow foreigners, until now banned from buying its stock, to own almost half. Load Error Abu Dhabi National …
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Posted on 10/11/2020

Dubai’s real estate space: Is demand catching up?

As demand starts to rally, developers need to ensure they keep pace with the changing requirements from investors.
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Posted on 10/11/2020

Mashreq Bank’s nine-month 2020 net profit down to Dh352m from Dh1.76b

Mashreq Bank saw a sharp drop in net profit for the first nine months of 2020 to total Dh352 million, as higher impairment charges made a heavy dent in the financials. Last year’s profit at this stage …
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Posted on 09/11/2020

American Fintech Ripple Set to Establish Operations at the Dubai International Financial Centre

American Fintech firm Ripple is reportedy planning to establish operations at the Dubai International Financial Centre.
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Posted on 09/11/2020

Middle East’s Spotlight on Green Finance

Regional appetite for green financial support is growing – loud and clear, says Badar Chaudhry, Senior Vice President, Sector Head – Energy, Mashreq Bank …
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