DUBAI, 1st February, 2022 (WAM) — The Government of Dubai’s Department of Finance (DOF) said that, under the directives of H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of …
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UAE – DIB joins Etisalat Digital’s Blockchain platform
Dubai Islamic Bank (DIB) has announced that it has become an official member bank of UAE Trade Connect (UTC). UTC is the first commercialised blockchain platform of its kind in the UAE built on …
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Dubai Financial Market Company posts net profit of Dhs103.8 million
Following the IPO, the Government of Dubai retained the remaining 80 per cent of DFM Company through Borse Dubai Limited. The UAE has been ranked first in the in the region, and fourth globally in the …
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Dubai Islamic Bank joins Etisalat Digital’s Blockchain platform “UAE Trade Connect”
Dubai Islamic Bank has announced today that it has become an official member bank of UAE Trade Connect (UTC). Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE and the second-largest …
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UAE Finance Ministry to introduce federal corporate tax on business profits
Abu Dhabi, Feb. 1 (BNA): The Ministry of Finance has announced that the UAE will introduce a federal corporate tax on business profits that will be effective for financial years starting on or after …
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New UAE corporate tax: Top 10 questions answered
The UAE’s Ministry of Finance on Monday announced a federal corporate tax on business profits from June 1, 2023. Below are the top ten queries raised by businesses in the country: All activities …
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Mashreq Bank is latest UAE bank to confirm a Dh1b profit for 2021
Mashreq has become the latest UAE bank to report a Dh1 billion or plus profit for 2021, and providing more proof of a return to form for the sector. In Mashreq’s case, the Dh1 billion profit …
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Manyavar-owner Vedant Fashions IPO: What GMP signals as issue opens for subscription this week
Vedant Fashions Ltd, which owns ethnic wear brand Manyavar, will launch its ₹ 3,149-crore initial public offering (IPO) this week on Friday, February 4, 2022. The price band has been fixed at ₹ …
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Manyavar-owner Vedant Fashion’s IPO opens on 4 February, here’s all you need to know
Vedant Fashion, the owner of ethnic wear brand Manyavar, will launch its Initial Public Offering (IPO) on 4 February. The subscription period of the issue is set to end on 8 February. The Rs 3,149 …
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UAE to impose federal corporate tax for the first time
The United Arab Emirates announced Monday it is introducing for the first time a federal The UAE — home to Abu Dhabi, Dubai and five other emirates — has been steadily introducing new taxes as it …
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UAE bank ADCB quarterly net profit up 44%, beats forecasts
Abu Dhabi Commercial Bank , UAE’s third-biggest lender, beat expectations with a 44% rise in fourth-quarter net profit, boosted by higher net fee and commission income on cards and loans.
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Citigroup Is Hiring Across Gulf, Awaits Another Record IPO Year
Citigroup Inc. is boosting its presence in the Gulf region as it expects activity including initial public offerings to reach a new historic high.Most Read from BloombergAn Army of Faceless Suits Is …
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UAE announces new tax to go into effect next year
Businesses will become subject to UAE corporate tax from the beginning of their first financial year that starts on or after June 1, 2023. The UAE corporate tax regime has been designed to incorporate …
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UAE to introduce new tax on business profits, effective from next year
With a standard statutory tax rate of 9 percent and a 0 percent tax rate for taxable profits up to Dhs375,000 to support small businesses and startups, the UAE corporate tax regime will be amongst the …
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UAE to introduce federal corporate tax from June 2023
The UAE will introduce a federal corporate tax on the profit of businesses from the financial year starting on or after June 1, 2023, the Ministry of Finance said on Monday. A standard statutory tax …
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UAE introduces federal tax on business profits on or after June 2023: Statement
The UAE’s Ministry of Finance announces the introduction of a federal tax on business profits to be applied to fiscal years starting on or after June 1, …
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Here’s how the new UAE labour law will effect annual leave, holidays
As the country’s new labour law goes into effect on February, some ambiguities remain amid the wait for executive regulation clarification Here’s how the new UAE labour law will effect annual leave, …
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