Abdulaziz Al-Ghurair, Chairman of UAE Banks Federation (UBF), the unified representative and voice of UAE banks, said that the banking sector in the UAE has a solid foundation to continue to grow and …
Dubai Islamic Bank, Al Ramz Corporation strikes strategic partnership for capital market services
Dubai Islamic Bank (DIB) entered into a strategic partnership with Al Ramz Corporation, a leading UAE capital markets financial institution, to offer capital markets services and expand financial …
Taaleem IPO: Dubai school operator raises $204 million, oversubscribed 18 times
Taaleem Holdings PJSC has completed its book building and public subscription process for its initial public offering (IPO) on the Dubai Financial Market (DFM), the Dubai school operator announced in …
National Bank of Fujairah takes home three awards at MEA Finance Industry Awards 2022 in Dubai
National Bank of Fujairah (NBF) has won three awards at the prestigious MEA Finance Industry Awards 2022, including “Best Commercial Bank – UAE”, “Best SME Bank” and “Best Trade Finance Provider”, …
UAE: Taaleem announces inital public offering oversubscribed 18 times
One of the largest K-12 premium education providers in the UAE, Taaleem Holdings PJSC has announced the successful completion of the book building and public subscription process for its initial …
Taaleem IPO: Dubai school operator raises $204m in oversubscribed offering
from its initial public offering and will be the largest and only dedicated education provider on the Dubai Financial Market when it starts trading later this month. The company sold 254.2 million …
UAE Golden Visa, financial rewards for top high school students in Dubai
The Dubai Crown Prince has met top-performing high school pupils and issued directives to offer them financial rewards and scholarships for prestigious universities. Sheikh Hamdan bin Mohammed bin …
UAE Ministry of Finance: Supply of services for natural persons serving as members of boards of directors will not be subject to VAT
The Ministry of Finance (MOF) has announced that starting from January 1, 2023, director services undertaken by natural persons serving as members of board..
UAE’s largest pet business bought by Aliph Capital
Aliph Capital has closed its first transaction, which involved the 100 percent buyout of UAE’s largest pet business, The Pet Shop (TPS), which also comprises of DubaiPetFood.com and Petsville. The …
UAE’s top 10 banks’ profitability soars to 15.1% in Q3
The increase in profitability was driven by higher core interest income despite a slowdown in loans and advances (L&A) growth …
UAE scraps VAT for some sectors
The Ministry of Finance (MOF) has announced that starting January 2023, board members across institutions in the UAE will not be subject to value added tax (VAT). The tax will still be applicable for …
ADGM launches Crypto Hub at Abu Dhabi Finance Week 2022
The event under the theme of “Crypto Abu Dhabi”, facilitated the assembly of global crypto, blockchain and decentralised finance entities.
UAE bank assets worth $900bn and growing amid digital expansion
UAE Banks Federation says sector assets have climbed $825bn in the century so far UAE bank assets worth $900bn and growing amid digital expansion banking, UAE, UAE Banking Banking & Finance …
Dubai bank launches Middle East’s first IPO subscription app amid $18bn boom
Liv.bank launches Middle East’s first in-app IPO subscription service Dubai bank launches Middle East’s first IPO subscription app amid $18bn boom IPO …
Macroeconomic stability enhances UAE’s investment appeal, say finance executives
Both Abu Dhabi and Dubai have developed several programmes and regulations to further boost the FinTech sector and integrate the metaverse into the UAE’s economy and society. Over the past few years, …
Dubai lender Amlak brings accumulated losses down to Dh824m by end September 2022
Dubai mortgage lender has been sticking to strict repayment programme Amlak recorded a drop in profit for the first three quarters, at Dh383.9 million. Image Credit: Gulf News Archive Dubai: A drop in …
UAE banking sector assets surge 12 times since 2000: Al Ghurair
The nation has made remarkable headway in the digital transformation of the financial sector with 95 per cent of the banking transactions going digital, and 90 per …