Tag: finance

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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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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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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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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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 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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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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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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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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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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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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The UAE will be a key driver of the global trade growth this decade, with its exports projected to grow at an average annual rate of more than 6 per cent to cross AED1.1 trillion ($299 billion) by …
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FAB, the UAE’s largest publicly traded bank, is set to seize such opportunities. The bank, which has a market cap of Dh225 billion, reached a historic milestone when its total assets surpassed Dh1 …
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The Middle East saw a boom in IPOs last year, with Abu Dhabi joining the rush as governments in the region seek to diversify their economies away from oil and reinvigorate their capital markets …
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Apart from 5G, data hubs could soon start providing more strength to du numbers The UAE as a global trade, tourist, and banking powerhouse was significantly hit by pandemic-induced market factors.
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Arab Bank Group closed 2021 reporting net income after tax of $314.5 million as compared to $195.3 million in 2020, recording a growth of 61%. Group equity grew to reach $10.3 billion. The Board of …
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The nations normalized relations in the fall of 2020, part of a series of U.S.-brokered diplomatic deals between Israel and Arab states.
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