After having firmly entrenched itself over the world, Momentum Group is all set to foray in the multicultural cosmopolitan Dubai Market, synonymous with th..
UAE Ministry of Finance launches corporate tax public awareness programme
The launch of the programme was announced during a media briefing held today by the Ministry to raise public awareness of corporate tax in the UAE and abroad. The session was led by a group of experts …
UAE Central Bank issues new anti-money laundering guidelines for insurance sector
The UAE Central Bank has issued new guidelines for the licensed financial institutions (LFIs) operating in the insurance sector as it continues to take measures to combat money laundering and the …
Bayzat targets becoming Middle East leader in HR and InsureTech following $25mln Series C round led by DisruptAD
HR, payroll and insurance provider enhances experiences for 127,000+ employees in over 1,500 companies in the GCC …
Danah Bay: Dubai Investments begins construction on $272.3 million project
Danah Bay is a premium beach community that aims to set new standards and facilitate lucrative investment options in the emirate of Ras Al Khaimah. Danah Bay: Dubai Investments begins construction on …
UAE-based open finance platform Fintech Galaxy expands into Egypt with takeover of Underlie
UAE-based Fintech Galaxy, the first Central Bank-regulated Open Finance platform in the Middle East, announced the acquisition of Underlie, an Egypt-based Open Banking platform offering APIs to banks …
IMF hails UAE after handling aftermath of Covid-19 pandemic
Economic growth has been robust, led by a strong rebound in tourism and construction, while Expo 2020 and higher oil production has also helped IMF hails UAE after handling aftermath of Covid-19 …
6 UAE firms fined $871,000 for anti-money laundering law violations
The UAE government has imposed fines worth 3.2 million UAE dirhams ($871,270) on six companies for violating anti-money laundering and counter-terrorism financing regulations. The fines were imposed …
In Americana IPO, each UAE retail investor gets a minimum 1,000 shares
UAE retail component of latest IPO over-subscribed 48.2x Americana had raised the issue allocation for UAE retail investors, and that has paid off. This component of the IPO was oversubscribed 48.2x.
EFG Hermes advises on $204mln IPO of Dubai-based Taaleem
UAE – EFG Hermes, a leading investment bank franchise, said its Investment Banking division completed advisory on the $204 million initial public offering (IPO) of …
Jalan-Kalrock offered Dubai, BKC properties as securities to lenders for Jet 2.0
These carried a release date in the fifth year from the start of operations of Jet 2.0 or complete payment. The property at BKC is valued at Rs 246 crore while a third property in Dubai valued over Rs …
Saudi Arabia unlikely to unseat Dubai as regional financial hub
The completed financial district welcomes a range of multinational tenants, including financial players, and becomes home to Riyadh’s foreign business community as more firms relocate regional …
Riyadh unlikely to unseat Dubai as regional financial hub
The completed financial district welcomes a range of multinational tenants, including financial players, and becomes home to Riyadh’s foreign business community as more firms relocate regional …
GCC IPO bonanza set to continue next year amid booming economies
The initial public offering bonanza that bucked the global trend and allowed GCC companies to raise tens of billions of dollars by listing their shares will continue next year amid booming economies, …
UAE national banks provide $10.1bn in trade, industry financing
The Dubai trade and industry sectors topped in terms of getting the maximum amount of credit financing at AED 354.8 billion, followed by AED350.6 billion in Abu Dhabi, and AED99.7 billion by other …
Saudi’s PIF eyes $250m stake in cooling firm ahead of IPO
Saudi Arabia’s Public Investment Fund (PIF) is in talks to buy a stake worth about $250m in Saudi Tabreed, the local venture of UAE-listed National Central Cooling, according to people familiar with …
Innovative thinking and putting the planet first are key for 2023
Sustainability will remain at the centre stage throughout the new year Innovative thinking and putting the planet first are key for 2023 DIFC, DIFC Living and Innovation Two, Dubai, Dubai …