Dubai Financial Market Company (DFM) posted a 133% year-on-year (YoY) leap in net profit attributable to the equityholders to AED 88.98 million during the first nine months (9M) of 2022, versus AED 38 …
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Mideast Stocks: Saudi shares rise on upbeat economic data, Dubai stocks fall
The benchmark Saudi index inched up 0.3%, erasing previous session’s losses. The index was lifted by a 2.8% rise in Saudi National Bank’s shares …
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UAE: Ajman Bank’s profits exceed over $30mln in 9M-22
Dubai – Ajman Bank posted higher net profits at AED 112.61 million during the first nine months (9M) of 2022, compared to AED 90.13 million in 9M-21. The net operating income shrank to AED 442.65 …
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UAE’s finance ministry amends some provisions of VAT law
The UAE Ministry of Finance has announced amendments to some provisions of the Federal Decree-Law No. 8 of 2017 on Value Added Tax (VAT), which will be effective from January 1, 2023. The amendments …
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Indian expats in the UAE: Should I file ‘zero tax return’?
Dubai: Are you an Indian expatriate living in the UAE? If so, you may have wondered about whether or not you should be filing a ‘zero tax return’? Non-resident Indians (NRIs) are required to file …
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UAE: Employers must provide insurance coverage of up to Dh20,000
According to the Mohre website, the policy has been put in place to protect workers in the event of a company’s bankruptcy or failure to pay employees’ benefits …
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Swiss bank sets up Dubai wealth operation
Switzerland-headquartered Habib Bank AG Zurich (HBZ) is extending its global network presence with a branch in the Dubai International Financial Centre (DIFC). The office will expand its private …
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Majid Al Futtaim’s SHARE, partners with First Abu Dhabi Bank, to launch new credit card
The FAB SHARE Credit Card will allow SHARE members to earn up to 8.25% value back in SHARE points on their spend …
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Western Union partners with NymCard in the UAE
IBS Intelligence (IBSi) is the world’s only pure-play Financial Technology focused research, advisory, and fintech news analysis firm, with a 30-year track record and clients globally. We take pride …
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Dubai seeks to raise $362m from district cooling firm IPO
Empower will start taking investor orders for the IPO from Monday, with final pricing scheduled for November 9 …
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How one UAE-based fintech is looking to process $200bln in trade finance
Fintech startup Modifi has quadrupled its growth over the past two years by bridging the trade finance gap in the MENA region and around the world …
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Taaleem announces its intention to float on the Dubai Financial Market
The IPO provides an attractive investment opportunity for investors to participate in the next phase of the company’s growth through the expansion of its premium K-12 segment …
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Dubai Seeks to Raise $362 Million From District Cooling Firm IPO
Dubai is seeking to raise $362 million from selling a 10% stake in Emirates Central Cooling Systems Corp., the city’s fourth privatization this year as part of efforts to boost trading volumes on its …
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UAE Financial Markets Association inks partnership agreement with ICMA
The UAE Financial Markets Association (UAE FMA) has signed a cooperation agreement with the International Capital Market Association (ICMA) to boost their cooperation and mutual membership as well as …
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UAE: New payment method announced for tax liabilities
The Federal Tax Authority earlier announced that as of Sunday, October 30, the eDirham platform will no longer be accepted …
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Dubai’s New Interim Registration and Mortgage Laws Curb Speculation, Boost End user’s Confidence
A mortgage will not be valid unless it is registered with the Dubai Lands Department and the mortgage must specify the amount which is secured by the mortgage, the value of the property being …
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How ADGM is developing a sustainable finance industry in the UAE
ADGM is working with its peer regulatory authorities in the UAE to develop a taxonomy for sustainable projects …
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