Tag: banking

Dubai – Mubasher: Union Properties (UP) on Monday unveiled a plan to offer the shares of its facilities management unit, ServeU, in an initial public offering (IPO) in the second half of 2018 on the Dubai Financial Market (DFM). UP also plans to invest …
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DUBAI, United Arab Emirates — Saudi Arabia and the United Arab Emirates, which have long lured foreign workers with the promise of a tax-free lifestyle, plan to impose a 5 per cent tax next year on most goods and services to boost revenue after oil …
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Dubai – Mubasher:UAE stock market indices are capable of rebounding higher in the coming sessions as stocks have fallen to significantly attractive prices, analysts told Mubasher. The Dubai Financial Market (DFM) closed Sunday down 0.48%, while the Abu …
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Dubai was able to achieve growth rates that exceeded that of developed economies despite the decline in oil prices. Growth in 2016 was supported by growth in key economic sectors, such as manufacturing, transport and storage, real estate, finance and …
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Dubai: The Dubai Financial Market (DFM) witnessed another subdued session on Sunday as lack of activity ahead of year-end holidays kept traders on the sidelines. The DFM closed 0.48 per cent down at 3,348.81 on Sunday. Khaleeji Commercial Bank, which saw …
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Dubai: The banking sector in the Gulf Cooperation Council (GCC) is expected to deliver a stable performance in 2018, reflecting strong financial fundamentals, particularly in the largest banking systems such as the UAE and Saudi Arabia, according to rating …
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Dubai – Mubasher: The UAE stock markets are likely to see a bullish trend during Thursday’s trading session and over the coming sessions as real estate stocks are expected to resume rising. By the end of Wednesday’s trades, the Dubai Financial Market …
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Average basic salary rises in the UAE are set to be in the region of 3 percent next year, according to global remuneration expert Robert Mosley. He predicted the pay increases despite an uncertain economic climate in the UAE with the imminent launch of …
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DUBAI — The economic activity associated with initial public … The UAE figure does not include $851 million IPO done by Adnoc Distribution in mid-December. The overall IPO activity from the Middle East saw a 225 percent increase in terms of volume …
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The private-banking arm of Oversea-Chinese Banking Corporation is adding more staff in Dubai, as the Singapore lender seeks a greater role managing the money of the Middle East’s wealthy and of Indians living overseas. Bank of Singapore plans to hire …
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SINGAPORE (BLOOMBERG) – The private-banking arm of Oversea-Chinese Banking Corp is adding more staff in Dubai, as the Singapore lender seeks a greater role managing the money of the Middle East’s wealthy and of Indians living overseas. Bank of Singapore …
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The United Arab Emirates (UAE) topped the list of countries in terms of raising capital through initial public offering in 2017. Four companies in the UAE raised a total $1.287 billion in 2017, followed by Saudi Arabia, which raised $663 million, according …
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Amanat Holdings on Thursday announced that it has increased its stake in Taaleem Holdings, one of the UAE’s largest providers of K-12 primary and secondary education, to 21.7 percent. The GCC’s largest investment company solely focused on healthcare …
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Every once in while, an event becomes a defining moment for an emerging technology. On October 19 this year, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, announced the appointment of …
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Dubai: Saudi Aramco’s IPO is moving ahead and all options are open on where to list shares of the giant oil producer, the country’s finance minister said. The Saudi Arabian Oil Co, the world’s top crude exporter known as Aramco, is “on track” for …
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VAT comes into effect in the UAE at 7 a.m. on January 1 … that information gets automatically updated in your bank records. Invoicing that’s VAT compliant, yet customisable Did you know that there are 11 distinct details that a VAT-compliant invoice …
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Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, has launched the Mohammed bin Rashid Centre for Future Research. The centre’s first series of research initiatives will include the financing of a research community …
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