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Tag: finance

Posted on 02/05/2022

Dubai real estate retains its appeal

Dubai’s real estate market recorded a total of 25,972 real … sales transactions compared to March 2021 and a 109 per cent increase in sales value. The IPO of India’s biggest insurer, Life Insurance …
( read original story …)


Posted on 02/05/2022

DIFC-Based Tarabut Gateway Becomes The First Regulated Open Banking Platform In The UAE After DFSA Grants Licence

There is a huge potential for Open Banking across the UAE and the region, and it is the commitment from regulators and authorities that helps companies like ours take those initial steps.
( read original story …)


Posted on 02/05/2022

Dubai: Skincare guru behind flawless faces of glamorous stars opens clinic in city

A strong advocate of non-surgical beauty procedures, Dr Nirdosh says beauty can be achieved without breaking the bank. “Just because you can … liposuction and laser peel a social norm in Dubai.
( read original story …)


Posted on 01/05/2022

EDB reaffirms financial commitment to UAE SMEs and start-ups

SMEs are the backbone of the UAE economy, comprising 98 per cent of the total companies … economic sector and existing access to finance, on top of the standard risk and profit calculations, …
( read original story …)


Posted on 01/05/2022

UAE’s regulatory reforms are a magnet for GCC startups

UAE’s tech startup scene is seeing heavy funding action, and GCC investors need to joinin The logo of the 41st Gulf Cooperation Council (GCC) at the media center in at Al Ula Image Credit: AP …
( read original story …)


Posted on 01/05/2022

UAE law: What happens if an expat dies outside the UAE without a will?

Question: What is the law surrounding one’s bank account if an expatriate in the UAE has an untimely death without registering a will in the country? Does the money go to a spouse/family member, or is …
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Posted on 01/05/2022

UAE Central Bank starts circulating two new banknotes

Abu Dhabi, Apr.30 (BNA): The UAE Central Bank of the UAE (CBUAE) has announced that the new AED5 and AED10 banknotes have entered circulation following distribution to all banks operating in the …
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Posted on 01/05/2022

Arab Bank Group reports first quarter 2022 net profit of $166 million

DUBAI, 30th April, 2022 (WAM) — Arab Bank Group reported net income after tax for the first quarter of 2022 of $166 million as compared to $128.3 million for the prior period, recording an increase …
( read original story …)


Posted on 30/04/2022

Reem Finance profit hits all-time high of Dh56.2m in 2021

Reem Finance was able to navigate successfully through Covid-19, attaining successful financial results, reserving its place among market leaders in specialised commercial lending and financing …
( read original story …)


Posted on 30/04/2022

Are UAE free zone companies exempt from corporate tax?

On Thursday, the UAE Ministry of Finance (MoF) released a Public Consultation Document on UAE Corporate Tax. Here are some key questions answered by our expert. Are free zone companies eligible for 0 …
( read original story …)


Posted on 30/04/2022

UAE’s new Dh5, Dh10 and Dh50 banknotes enter circulation

The new Dh5, Dh10, and Dh50 banknotes have entered circulation, the UAE Central Bank announced on Saturday. They have been distributed to all banks operating in the country, as well as ATMs to promote …
( read original story …)


Posted on 30/04/2022

UAE’s new Dh5 and Dh10 banknotes enter circulation

The new Dh5 and Dh10 banknotes have entered circulation, the UAE Central Bank announced on Saturday. They have been distributed to all banks operating in the country, as well as ATMs to promote public …
( read original story …)


Posted on 30/04/2022

Cheque bounce defaulters return to UAE to settle after civil law shift

According to banking sector estimates, between 2016-21, UAE borrowers defaulted more than Dh25 billon worth of loans. Lawyer say the decriminalisation of cheque bounce cases has given an …
( read original story …)


Posted on 29/04/2022

Yahsat wins $7.7m UAE government deal

It sold 975.9 million shares, or 40 per cent of equity through the IPO, which was oversubscribed several times, with significant demand from both qualified institutional and retail investors in the …
( read original story …)


Posted on 29/04/2022

Three Arrows Capital Moving Headquarters to Dubai From Singapore

(Bloomberg) –Crypto hedge fund Three Arrows Capital is planning to move its headquarters to Dubai from Singapore. The move by Three Arrows comes as Dubai opens to crypto firms while Singapore has …
( read original story …)


Posted on 29/04/2022

UAE, London IPOs Planned for Africa Finance’s Infrastructure Projects

(Bloomberg) — Africa Finance Corp. plans to sell shares of its projects on stock exchanges in London and the United Arab Emirates to raise capital and fund infrastructure development across the …
( read original story …)


Posted on 29/04/2022

UAE Ministry of Finance invites online feedback from businesses on new Corporate Tax

Submissions and comments need to be made by May 19 The UAE Ministry of Finance has opened an online public consultation with the local business community to get their views on the country’s …
( read original story …)


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