Dubai International Financial Centre (DIFC) has signed a Memorandum of Understanding (MoU) with Indonesia’s Nusantara Capital Authority to enhance international financial cooperation. Essa Kazim, …
Amanat Holdings to list education platform in Dubai
DUBAI, July 18 (Reuters) – Dubai-listed Amanat Holdings (AMANT.DU), opens new tab will proceed with an initial public offering (IPO) of its education platform on the local bourse, a filing showed on …
Dubai’s Emirates Islamic posts record $450 million profit for H1 2024
“This year, Emirates Islamic proudly celebrates 20 years of serving the UAE. The bank’s strategic investment in technology and innovation contributed to Emirates Islamic being recognised as one of the …
UAE’s debt capital market likely to top $300bln in 2025: Fitch
The UAE is one of the largest US dollar debt issuers in emerging … growth over the past five years,” said Bashar Al Natoor, Global Head of Islamic Finance at Fitch Ratings. However, the dirham …
UAE denies $10k bank balance, N640k fee for Nigerian visa applicants
The United Arab Emirates has denied approving $10k bank balance, and N640k fee requirements for Nigerians applying for visas into the country, reports The Cable. The Minister of Information and …
ICYMI: UAE denies $10k bank balance, N640k fee for Nigerian visa applicants
The United Arab Emirates has denied approving $10k bank balance, and N640k fee requirements for Nigerians applying for visas into the country, reports The Cable. The Minister of Information and …
Dubai’s Emirates Islamic comes up with its highest ever half-yearly profit
Operating profits shot up by 40 per cent. Image Credit: Supplied Dubai: The Dubai-headquartered Emirates Islamic bank hit its highest ever half-year profit tally of Dh1.7 billion in the first-half of …
UAE: After Oman, Will Other GCC Countries Introduce Personal Income Tax?
Oman is expected to roll out personal income tax, making it the first country in the GCC to do so, some time next year.
What FinTechs and financial services corporates can learn about the future of finance from the Global Financial Centres Index
In recent years, the Covid-19 pandemic has caused unprecedented economic disruption across industries, and the financial services community is no exception. In this environment, a trusted barometer of …
What FinTechs and financial services corporates can learn about the future of finance from the Global Financial Centres Index
In recent years, the Covid-19 pandemic has caused unprecedented economic disruption across industries, and the financial services community is no exception. In this environment, a trusted barometer of …
UAE and Indonesia Strengthen Ties with Payment Systems MoU
The Central Bank of UAE and Bank Indonesia signed an MoU to enhance bilateral cooperation on payment systems, aiming for faster, transparent, and affordable cross-border payments. This initiative …
EXCLUSIVE: UAE denies approving $10k bank balance, N640k fee as visa application requirements
The DVN costs a non-refundable N640,000 excluding VAT for each application. This does not include the visa fee. In addition to obtaining a UAE visa, Nigerians are required to provide proof of a …
UAE visa changes; Dubai floods; new tax introduced; outstanding schools revealed; real estate booming – 10 major stories so far this year
with the exception of foreign banks licensed to operate in the Dubai International Financial Centre (DIFC). According to the law, foreign banks are subject to a 20 per cent tax on their annual taxable …
Dubai offices see surge in pre-commitment as Indian, Chinese European firms expand to UAE
The office sector in Dubai’s real estate market is experiencing a significant uptick in pre-commitments for the first time as UAE has emerged as a preferred destination for corporates to expand their …
Bank Muscat announces $291.44 million in profit in the first half of 2024
Dubai: Bank Muscat, Oman’s leading financial institution, announces its preliminary unaudited results for the first half of 2024, revealing a net profit of $291 million (Dh1 billion), compared to the …
UAE: Ministry of Finance introduces federal entities to Public-Private Partnership Manual for Projects, Execution
The Ministry of Finance (MoF) has organised a workshop to launch the Public-Private Partnership (PPP) Manual for Projects and Execution, at the Waldorf Astoria Hotel in Dubai International Financial …
UAE signs $817m currency swap agreement with Ethiopia
The UAE Central Bank has partnered with the National Bank of Ethiopia to establish a bilateral currency swap agreement, aimed at enhancing financial and commercial co-operation between the two …