The Ministry of Finance announced additional flexibility for the property … value at the start of the first tax period,” it added. In January last year, the UAE introduced the federal corporate tax …
Ministry of Finance helps businesses adjust opening balance sheets before and after Corporate Tax comes into force
The decision applies to certain assets and liabilities, such as immovable property, intangible assets, financial assets, and financial liabilities, held by businesses before the Corporate Tax Law …
UAE announces new corporate tax rules to support companies’ transition once law takes effect in June
The UAE’s Ministry of Finance (MoF) on Friday announced a new decision specifying corporate tax rules that aim to ease companies’ transition period In an advisory, the authority said these …
UAE Ministry of Finance issues decision on transitional rules for corporate tax
The aim is to ease the process of determining the opening balance sheet, ensuring a fair and transparent approach …
ADNOC L&S draws record-breaking IPO subscription of $125 billion
ADNOC Logistics and Shipping Services’ initial public offering (IPO) of received unprecedented attraction from investors across the world, making it the most sought-after issue of the year.. ADNOC L&S …
UPDATE 1-ADNOC Logistics & Services IPO shares priced at top of range -statement
DUBAI, May 25 (Reuters) – Shares in ADNOC Logistics & Services … Petroleum Services Co. and Abu Dhabi Petroleum Ports Operating Co. This is ADNOC’s second IPO this year after raising $2.5 billion …
Adnoc L&S IPO: Company set to raise $769m from oversubscribed offering
Adnoc Logistics & Services, an Adnoc subsidiary, is set to raise about $769 million from the sale of a 19 per cent stake in an Abu Dhabi Securities Exchange listing that has been heavily …
Uneza Lakhani Dubai UAE: Redefining Excellence in Corporate Finance
Uneza Lakhani Dubai UAE is an esteemed financial expert who has made an indelible mark on the Dubai shipping industry for over two decades. Her exceptional contributions have garnered international …
ADNOC sees $125bn demand for $769m IPO
ADNOC unit 163-times oversubscribed for IPO ADNOC sees $125bn demand for $769m IPO ADNOC, ADNOC IPO, ADNOC Logistics & Services, ADX IPO …
Analysis: UAE steps up pace of solo trade deals in regional economic race
The United Arab Emirates is increasingly pursuing bilateral trade deals outside of the Saudi-headquartered regional Gulf Cooperation Council (GCC), as competition with Riyadh intensifies for economic …
UAE: Adnoc to list logistics unit at Dh2.01 per share
Total demand across the tranches in the UAE retail offering amounted to more than $31 billion (in excess of 269 times oversubscribed). The price range for the IPO was previously set between Dh1.99 to …
ADNOC L&S IPO marks record oversubscription; to raise $769mln
Abu Dhabi National Oil Company PJSC (ADNOC) has set the final offer price in the IPO of its logistics subsidiary at 2.01 dirhams ($0.54) per share, at the top of the range as indicated earlier. This …
ADNOC announces the final offer price and order of record for the IPO of ADNOC Logistics and Services PJSC
Commenting on the historic bookbuild for a UAE IPO, Khaled Al Zaabi, Group CFO of ADNOC said: “We are delighted with the unparalleled demand for ADNOC L&S shares from UAE retail investors as well as …
ADNOC Logistics & Services IPO shares priced at top of range -statement
Shares in ADNOC Logistics & Services’ initial public offering were priced at the top of the range, valuing the company at about $4.05 billion, Abu Dhabi National Oil Company (ADNOC) said in a …
UAE’s Brands For Less Group plans sale of minority stake to investors -sources
DUBAI, May 25 (Reuters) – The owners of UAE-based budget retailer … Updated undefined ago Autos & Transportationcategory India’s Ola Electric aims for IPO by 2023-end, hires Goldman, Kotak – source …
UAE Islamic banks’ assets rise to AED631 bn by end February 2023
The assets of UAE-based Sharia-compliant banks grew to AED631.7 billion by the end of February 2023, up by 6.5 percent from AED593.1 billion, statistics by the Central Bank of the UAE have shown. On a …
Maktoum bin Mohammed: Dubai’s progressive economic policies support its sustainable development journey
DUBAI: H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, and Deputy Prime Minister and Minister of Finance of the UAE, today met with Douglas L. Peterson, President …