As part of the agreement, local and international sellers on the platform will be able to identify companies with a good credit rating and extend financing terms, offering them an …
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UAE economy to expand 5.4% this year on Covid mitigation measures, Central Bank says
Reuters . The UAE economy is flourishing again and is set to expand by an annual 5.4 per cent this year, driven by the …
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Dubai Sells Stakes in Key Assets to Canada Fund to Cut Debt
Dubai is selling stakes in some of its most prized assets, including the port that helped transform the city into a global trade hub, to a Canadian fund as the emirate seeks to alleviate its debt …
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Indonesia lists $3.25b Sukuk on Nasdaq Dubai
5 billion as the first Dirham-denominated treasury bonds issued by the UAE Federal Government acting through the Ministry of Finance. The issuance is part of an ambitious strategy that includes a …
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Banking system well-capitalised, liquid: CBUAE
Through the annual report, the UAE Central Bank expressed its pride in its vital role in promoting the country efforts to contain the financial and economic challenges caused by the COVID-19 pandemic …
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EFG Hermes wraps up advisory on $323m private placement ahead of Ali Alghanim and Sons’ IPO
This is a significant milestone for EFG Hermes, as it’s the firm’s first IPO on Boursa Kuwait where it has acted as a joint bookrunner for the offering.
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Dubai police arrest British businessman over $1.7bn Danish tax fraud case
Leading brand for international independent financial advisers, wealth management professionals serving expatriate and cross-border clients worldwide.
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CBUAE’s Annual Report for 2021 underlines the UAE’s continued economic recovery and increase financial sector resilience
Through the annual report, the CBUAE expressed its pride in its vital role in promoting the country efforts to contain the financial and economic challenges caused by the Covid-19 pandemic by applying …
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DP World and CDPQ Announce US$5 billion Investment in Strategic Assets in the UAE
DP World, a global infrastructure-led supply chain solutions provider, and CDPQ, a global investment group, announced today an investment of US$5 billion (CA$6.3 billion) in three of DP World’s …
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EFG Hermes concludes role as joint bookrunner on $2 billion IPO of Borouge Plc on the Abu Dhabi Securities Exchange
The transaction highlights the UAE’s efforts and commitment to engage global investors EFG Hermes, the leading investment bank franchise in Frontier Emerging Markets (FEM), announced today that its …
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France in talks with UAE to replace Russian oil, diesel as Ukraine war deepens
Meanwhile, Saudi Arabia indicates confidence in oil demand with a bigger-than-expected selling price increase across Asia …
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How UAE helps international money laundering, tax evasion operation to arrest Sanjay Shah
A British hedge fund trader was arrested by Dubai police for dividend tax fraud worth $1.7 billion. Sanjay Shah, 52, the alleged mastermind behind the scam, was wanted in Denmark for the past seven …
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France in talks with UAE to replace Russian oil supplies, finance minister says
French Finance Minister Bruno Le Maire confirmed Sunday that France was in talks with the UAE to replace Russian oil purchases as the European Union crude ban is set to take effect.
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UAE readies for GCC’s lowest tax regime as global corporates brace for tariff hikes
The median corporate tax rates in leading economies worldwide fell to a new low of 25.1 per cent in 2021, which is nearly three times of the nine per cent tax rate …
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France Is Talking to UAE About Replacing Russian Oil, Diesel
Tech Giants Are Dropping Bad News DailyOil Sands Crude Prices Nosedive as Russian Bans Upend MarketFor Intangible-Asset Craze, It’s Midnight in the Stock MarketStarbucks Illegally Closing N.Y. Cafe to …
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France in talks with UAE to replace Russian oil supplies -minister
France is in talks with the United Arab Emirates to replace Russian oil purchases, which will stop after the imposition of a European Union ban on Russian crude, Finance Minister Bruno Le Maire said …
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How do I reduce my carbon footprint as a Dubai resident?
In the UAE, the average person uses up as many as 450 plastic bottles a year, with only a small percentage being recycled.
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