Rothschild, Nomura, EnTrust set up at Dubai International Financial Centre in wealth management boom DIFC: Dubai attracts finance giants to $8tn wealth market Asset Management, asset managers, DIFC, …
New UAE corporate tax rules: Which businesses will benefit from relief?
Tax experts and entrepreneurs explain how the new initiative can support small businesses, as well as freelancers …
CBDCs: Central Bank of UAE Selects R3, G42 Cloud, Clifford Chance to Work on CBDC Strategy
The Central Bank of the UAE (CBUAE) has launched its Central Bank Digital Currency (CBDC) Implementation Strategy in collaboration with R3.
Dubai records over AED2.3 bn in realty transactions Wednesday
DUBAI, 6th April, 2023 (WAM) — Dubai real estate market recorded 502 sales transactions worth AED1.44 billion, in addition to 95 mortgage deals of AED898.52 million, and 13 gift deals amounting to …
Look: UAE Central Bank Issues New Dh1,000 Banknote For Circulation
(MENAFN- Khaleej Times) The Central Bank of the UAE (CBUAE) has issued a new banknote of Dh1,000 denomination, made of polymer, for circulation in the market. The new banknote will be available at …
UAE Central Bank issues new Dhs1000 banknote for circulation
The distinctive aesthetic characteristic of this banknote lies in the different shades of brown used which preserves the colour characteristics of the same denomination banknote currently in …
Abu Dhabi Commercial Bank in talks to sell $3.7 bln of bad loans -Bloomberg
Abu Dhabi Commercial Bank PJSC (ADCB) is in talks with funds to sell 13.5 billion dirham ($3.68 billion) of bad loans, Bloomberg News reported on Thursday, citing people familiar with the matter.
Economic growth in GCC to more than halve in 2023 – World Bank
The World Bank has revised its 2023 economic growth projection for the oil exporters of the six-member Gulf Cooperation Council (GCC) downwards to 3.2% in its latest update released on Thursday, from …
Al Ansari trades up 16.5% after Dubai IPO
Listings by privately owned companies are expected to play a greater role in the Middle Eastern IPO market this year …
UAE to Offer Relief on Corporate Tax for Small Businesses and Startups
The Ministry of Finance in the UAE has declared relief measures for small and micro-enterprises, startups, and individuals in relation to corporate tax, which will be implemented from June 1, 2023.
New UAE Dh1,000 banknote to come into circulation from April 10
Image Credit: WAM The Central Bank of the UAE (CBUAE) has issued a new polymer banknote of Dh1,000 denomination. It will be available at banks and exchange houses starting April 10, 2023. The front …
UAE’s Ministry of Finance issues decision on Small Business Relief for Corporate Tax purposes
Businesses with revenues of Dh3 million or less can benefit from Small Business Relief Abu Dhabi: The Ministry of Finance has issued Ministerial … Dear Reader, This section is about Living in UAE …
Dubai records over AED1 bn in realty transactions Wednesday
Dubai real estate market recorded 464 sales transactions worth AED827.14 million, in addition to 80 mortgage deals of AED236.13 million, and 9 gift deals amounting to AED14.26 million on Wednesday, …
CICC Plans Expansion in UAE, Saudi as Xi Pushes Middle East Ties
China International Capital Corp. plans to expand its reach in the United Arab Emirates and Saudi Arabia as President Xi Jinping pushes for closer ties to the Middle East amid rising tensions with the …
Top 5 UAE banks’ combined annual net profit rises to $11.5bn in 2022
The UAE’s top five banks – First Abu Dhabi Bank (FAB), Emirates NBD, Dubai Islamic Bank (DIB), Abu Dhabi Commercial Bank (ADCB) and Mashreq Bank – posted a combined annual net profit of $11 …
UAE set to be a leader in digital finance with CBDC
Launching a CBDC would build on this momentum and position the UAE as a leader in digital finance. Overall, the UAE’s CBDC is an essential step towards the country’s digital economy transformation …
UAE will continue to serve as a hub for exceptional talents, says Sheikh Mohammed
Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance; Sheikh Ahmed Bin Mohammed Bin Rashid Al Maktoum, Chairman of the Dubai Media Council; and Sheikh Mohammed Bin Rashid Bin Mohammed …