Preparing for VAT will ensure that UAE businesses need less lead-time to be ready A 9 per cent corporate tax to be introduced in the UAE from June 2023, with a higher percentage set for …
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UAE banks have work to do as Central Bank winds down Covid-linked support measures
UAE Central Bank is in the midst of withdrawing key support measures launched in 2020 Dubai: As UAE banks continue to report strong recovery, analysts and bankers fear the full withdrawal of the …
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Dubai utility DEWA to raise $6.1 billion in biggest Gulf IPO since 2019
Dubai Electricity and Water Authority (DEWA) is set to raise 22.32 billion dirhams ($6.1 billion) after pricing its initial public offering at the top of the range on Wednesday, in the Gulf’s biggest …
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Dubai school operator Taaleem in preliminary talks for IPO
Dubai school operator Taaleem is in preliminary talks with banks for an initial public offering in Dubai, two sources told Reuters, a transaction that would test market appetite f …
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Emirates Development Bank Announces AED1.91 Billion Contribution to GDP at First Board Meeting of 2022
First year of new EDB strategy has helped add AED1.91 billion to the national economy and supported the growth of more than 1,350 SMEs EDB onboards more than 1,000 new business banking accounts in six …
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UAE’s GDP growth rate is highest in the region: Sheikh Mohammed
The Statistics Centre has announced the UAE’s gross domestic product for 2021. While the World Bank expected the UAE’s economy …
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UAE economy grew by 3.8% in 2021 -Dubai ruler
The United Arab Emirates recorded economic growth of 3.8% in 2021, Dubai ruler Sheikh Mohammed bin Rashid al-Maktoum said in a Twitter post on Thursday.
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Dubai’s DEWA IPO to raise Dh22.3b, giving utility giant a market value of Dh124b at listing
The final offer price of DEWA’s IPO was set at Dh2.48 per share. Dubai: The initial public offering (IPO) of Dubai Electricity and Water Authority (DEWA) is expected to raise Dh22.3 billion ($6.1 …
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Mideast tech investor iMENA plans IPO, hires banks – sources
Middle East technology investment firm iMENA Group, part owned by Abu Dhabi telecom operator e& ETISALAT.AD, is considering an ini …
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Saudi Arabia, UAE pledge $3 million to Yemen after nation’s president transfers power to transitional council
Saudi Arabia and the UAE will provide $1 billion each to the Yemen central bank, in addition to a $1 billion pledge from Saudi to aid in the purchase of oil products and to support development …
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UAE’s DFSA introduces ‘whistleblowing’ regulatory regime
DFSA’s regime aims to improve the whistleblowing culture among its regulated entities by increasing transparency around how they handle regulatory concerns.
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Dewa IPO to become largest ever in UAE and in EMEA region so far
Dubai Electricity and Water Authority PJSC “Dewa” on Wednesday announces that, following the completion of the book building and subscription process for its initial public offering (“IPO”), it has …
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Dewa IPO to become largest in UAE, Europe, ME and Africa region so far in 2022
“The high international demand on Dewa’s initial public offering (IPO) reflects the trust and confidence in Dubai’s entities as quality investment opportunities,” stresses Sheikh Maktoum …
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Abu Dhabi Islamic Bank donates Dh1 million to UAE’s ‘1 Billion Meals’ campaign
Dubai: Abu Dhabi Islamic Bank (ADIB) has announced a donation of Dh1 million to UAE’s ‘1 Billion Meals’ initiative, the region’s largest food donation campaign of its kind …
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DEWA IPO to become largest ever in UAE and EMEA region so far
Dubai Electricity and Water Authority (DEWA) on Wednesday announced that, following yesterday’s completion of the book building and subscription process for its initial public offering (IPO), it has …
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19 people found guilty of money laundering, embezzlement of Dh184 million in Dubai
Four defendants sentenced to three years in jail; nine others get one year in prison Dubai: The Dubai Court of First Instance has found a group of 19 people guilty of money laundering, embezzlement …
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Dubai’s Mashreq and noon.com launch VIP savings account
The account provides customers competitive interest rates on their savings, cashback on all spends and a free noon VIP membership among other features …
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