On Monday, 31 May 2021, the UAE and Israel signed a tax treaty in order to boost economic cooperation. It is expected that, following ratification later this year, the treaty will come into effect on …
( read original story …)
Saudi Roundup: Most recent major business developments taking place in the kingdom
Here are some of the top business and economic news that made headlines in Saudi in recent days and weeks. The trading system of Saudi Arabia’s Tadawul securities market resumed operations last …
( read original story …)
Epsom Derby: Six Dubai-owned horses in pursuit of glory
Dubai: The historic Epsom Racecourse in the UK has been a happy hunting ground for Dubai owners over the years – so it’s not surprising to see that as many as six horses will vie for top honours in …
( read original story …)
UAE’s SWIFT User Group discusses promoting secure banking system
The training programs will cover the latest and most comprehensive information on all SWIFT-related products and services …
( read original story …)
The secret stoushes of a machinist-turned-millionaire
Mining chairman Craig Ransley has made millions and fought off criminal charges. But one little-known fight saw his own board hire PwC to investigate.
( read original story …)
UAE Food Bank distributes 27,362 tonnes of food between its launch in 2017 and 2020-end
The UAE Food Bank announced that it has distributed 27,362 tonnes of food to various beneficiaries between its establishment in 2017 and the end of 2020. Launched as a charitable initiative to …
( read original story …)
OurCrowd Talks Areas of Joint Interest Between UAE and Israel
Following the Abraham Accords, initiated by the Trump administration that saw the normalization of relations between the UAE and Bahrain, OurCrowd – a top global early-stage investment platform, moved …
( read original story …)
UAE Food Bank distributes over 27,000 tonnes of food
The UAE Food Bank announced that it has distributed 27,362 tonnes of food among various beneficiaries between its establishment in 2017 and the end of 2020.
( read original story …)
UAE Food Bank distributes 27,362 tonnes of food to beneficiaries
Charity organisation UAE Food Bank has distributed 27,362 tonnes of food to various beneficiaries since it was established in 2017 until the end of 2020. The initiative was launched to distribute …
( read original story …)
Sukuk growth may be blunted by UAE’s tighter standards: S&P
DUBAI: The growth in shariah-compliant bond issuance this year could be hurt by complications arising from the UAE’s recent adoption of tighter Islamic finance standards, according to S&P Global …
( read original story …)
Here are the UAE stocks disproving that old market saying about a subdued May
For some UAE stocks such Emirates NBD and FAB, May is a boom month ‘Sell in May and go away…” is the famous financial world adage. But it didn’t work with UAE stocks this year. The saying suggests …
( read original story …)
Top UAE part-time jobs: Here’s how much you can earn
There is a strong demand for part-time job seekers in the UAE, especially for the roles of mystery shoppers, merchandisers and sales executives, part-time tutors and a number of other roles in major …
( read original story …)
Urban Company makes its Unicorn status official, plans IPO in 2022-23
Indian Gig marketplace for at-home services, Urban Company (formerly, UrbanClap) has formally announced that it has become a unicorn.
( read original story …)
Emirates Development Bank, Commercial Bank of Dubai sign MoU for SME lending programme
CBD can offer up to Dhs10m financing to an SME, and 50 per cent of the facility amount will be either guaranteed or co-lent by EDB.
( read original story …)
UAE remittances for family support, savings surged to $1.9bln in 2020: HSBC
Remittances by UAE residents who are looking to assist family members overseas have increased sharply during the coronavirus pandemic, HSBC UAE said on Wednesday. Out of the 1.7 million payment …
( read original story …)
Abu Dhabi’s Mubadala hires banks for Yahsat’s IPO-sources
Abu Dhabi state investor Mubadala has hired banks for the planned initial public offering of Al Yah Satellite Communications Company (Yahsat) which could raise over $500 million, three sources said.
( read original story …)
Emirates Development Bank, Commercial Bank of Dubai to offer credit guarantee, co-lending to SMEs
The partnership will focus on providing strategic financing solutions to SMEs Abu Dhabi: The Emirates Development Bank (EDB), fully owned by the UAE Federal Government has signed a Memoradum of …
( read original story …)