São Paulo, Brazil:– The United Arab Emirates, represented by the UAE Ministry of Finance and the Central Bank of the UAE, participated in the first BRICS Finance Ministers and Central Bank Governors …
Accor ‘talking to Dubai’ to help finance Orient Express superyachts
Accor is in talks with Dubai to help finance the building of two €800 million superyachts under the Orient Express brand, the Financial Times reported. Dubai Holding, Emirati ruler Sheikh Mohammed bin …
Corporate tax UAE: Registration date, fines, exemptions and what you need to know
The UAE has announced new corporate tax registration deadlines for this year for eligible businesses. Under a new decision that takes effect from March 1, businesses must register by a certain date …
Dubai Islamic Bank gets shareholder approval for 2023’s Dh3.2b dividend
Dubai Islamic Bank’s 2023 net profit breached Dh7b for first time Dubai: The approvals are in place for Dubai Islamic Bank (DIB) spread out Dh3.25 billion as dividend for 2023. The ‘record-breaking’ …
Dubai Islamic Bank shareholders approve 45% dividend for 2023
With shareholders’ returns always a priority, this record-breaking financial performance led to a 45% cash dividend aggregating to an amount of around AED 3.25 billion …
My Own Home: Couple paid less than Dh2m for two-bed apartment in Dubai Marina
My Own Home takes you inside a reader-owned property to ask how much they paid, why they decided to buy and what they have done with it since moving in Ada Lanzaro Beaton lives overlooking Dubai …
Dubai Islamic Bank successfully prices $1bln sustainable sukuk
DUBAI: Dubai Islamic Bank PJSC (“DIB”), rated A3 by Moody’s and A by Fitch successfully priced its third Sustainable Sukuk – a landmark USD 1 billion 5-year senior issue with a profit rate of 5.243% …
Dubai Islamic Bank successfully prices $1 billion Sustainable Sukuk
Dubai Islamic Bank PJSC (“DIB”), rated A3 by Moody’s and A by Fitch successfully priced its third Sustainable Sukuk – a landmark USD 1 billion 5-year senior issue with a profit rate of 5.243% per …
Dubai government starts up Parkin IPO
The Emirate of Dubai has launched the privatisation of Parkin Company, the government’s public car park business, via an IPO on the Dubai Financial Market. In a regulatory filing on Tuesday, the …
UAE announces $2,700 tax fines
The UAE has announced new tax fines of more than $2,700 for companies failing to register for Corporate Tax in the country.
Parkin Company announces intention to float on Dubai Financial Market
12th March 2024 for UAE Retail Investors and on Wednesday, 13th March 2024 for Qualified Investors. The Internal Sharia Supervision Committee of Emirates NBD Bank PJSC has issued a Shariah …
Dubai to sell 25% stake in public parking business via IPO
DUBAI: The Dubai government is selling a 24.99% stake in Parkin, which oversees public parking operations in the emirate, through an initial public offering in the emirate’s first privatisation deal …
UAE, home to the financial hub of Dubai, dropped from financial crime watch list
T he United Arab Emirates, home to the financial hub of Dubai, has been dropped from a global watchdog’s list of countries at risk of illicit money flows, a win for the nation t …
It’s official: Parkin will be UAE’s first IPO of 2024
Parkin — which was spun out of the Dubai Roads and Transport Authority (RTA) late last year — is set to float 24.99 per cent of its shares …
Dubai’s Cotu Ventures to invest $54m in early stage Mena start-ups
Cotu Ventures, a Dubai-based venture capital fund, has launched its first funding platform that will invest in early stage start-ups in the Middle East and North Africa, as it aims to boost one of the …
Emirates Development Bank’s contribution to Industrial GDP grows 80% in 2023, totaling AED 4.3 bn
Emirates Development Bank (‘EDB’ or the ‘Bank), the key financial engine of economic development and industrial advancement in the UAE, has unveiled its …
Al Maryah Community Bank completes the first successful financial transaction on the new local “Jaywan” Debit Card
Customers can simply register with their Emirates ID and issue money transfers to and from other UAE banks via IBAN. Mohammed Wassim Khayata, CEO of Mbank, commented: “Al Maryah Community Bank is …