Top officials from 16 countries — including the UAE — recently discussed key steps that governments can take to enhance temporary employment contracts, inc..
UAE: 3 firms fined Dh2.25 million for violating anti-money laundering law
The Ministry of Economy has imposed Dh 2.25 million worth of fines on three companies after they were found to have violated certain provisions of the UAE’s anti-money laundering law. Two of these …
What Indians living in UAE need to know about income tax returns
If you are an Indian living in the UAE, and have a PAN card you may be wondering whether you need to submit income tax returns or not?..
The Ministry of Finance hoists the UAE flag at its headquarters
Today, the Ministry of Finance (MoF) celebrated the UAE Flag Day in a national festive atmosphere that reflects belonging and loyalty to the homeland and the wise leadership. At 11:00 a.m., with the …
UAE financial market ends in green, Saudi in red amid interest rate hike
The UAE financial markets ended in the green, while the Saudi market closed in the red on Wednesday, amid further monetary tightening by the US Federal Reserve and most of the GCC central banks with …
Dubai’s billionaire investor Mohamed Alabbar focused on succession planning
Mr Alabbar set up Emaar in 1997 and grew the company into one of the leading real estate developers in the region, with projects such as the Burj Khalifa, the world’s tallest high-rise. Emaar, which …
UAE stocks end in green
UAE financial markets ended in the green Wednesday as Dubai’s main share index gained 0.660%, and Abu Dhabi’s index added 0.165%. In the capital, FAB, ALPHADHABI, ALDAR ended higher at AED17.980, …
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The UAE tried to dissuade Saudi Arabia from supporting an OPEC oil production cut, according to the Wall Street Journal. National security advisor Sheikh Tahnoun secretly met with Saudi Crown Prince …
UAE Central Bank raises interest rate by 75 basis points
The Central Bank of the UAE (CBUAE) has decided to raise the Base Rate applicable to the Overnight Deposit Facility (ODF) by 75 basis …
UAE Central Bank raises interest rate after Fed’s fourth consecutive 75 bps increase
Inflation in the UAE is relatively low, compared with other parts of the world. AFP . The UAE Central Bank raised its benchmark borrowing rate af …
UAE Central Bank raises interest rates by 0.75% following US Federal Reserve hike
The UAE Central Bank has raised its benchmark borrowing rate following a similar move by the US Federal Reserve. UAE Central Bank raises interest rates by 0.75% following US Federal Reserve hike …
Dubai’s Empower shareholders mull raising IPO stake to 20% – sources
DUBAI – Shareholders of Dubai’s Emirates Central Cooling Systems Corporation (Empower) are considering increasing the size of the stake in the company being offered in an initial public offering to 20 …
Dubai’s Empower increases IPO stake size from 10% to 15%
The company has set its offer price range at between Dhs1.31 and Dhs1.33 per ordinary share, and will the stake size increase, Empower plans to raise $543m. DEWA and Emirates Powe …
KFC and Pizza Hut operator set for US$2bil UAE, Saudi IPO
DUBAI: The Middle Eastern operator of KFC and Pizza Hut restaurants is set for a landmark dual listing, in which Saudi Arabia’s Public Investment Fund and Dubai-based businessman Mohamed Alabbar will …
Which UAE sectors will have the biggest salary rises in 2023?
Employees in the UAE’s financial services and legal sectors will receive the highest salary increases in 2023, with an average rise of 5 per cent and 4.9 per cent respectively, according to …
UAE’s largest bank and retailer launch biometric payment card from Idemia and Idex
A volume launch of biometrics payment cards with technology from Idemia and Idex is being jointly launched by a major bank and retailer in the UAE.
UAE keen to enhance cooperation with various financial institutions
to the United Nations Framework Convention on Climate Change (UNFCCC), which will be held in the UAE in 2023. That, in addition to the Annual and Spring Meetings of the International Monetary Fund and …