The in-person event, held in association with Tradewind Finance, saw 15 small businesses in attendance. Starting off with a panel discussion on SME financing in the current environment …
( read original story …)
Deadline looms: Ensure your business abides by the new UAE economic substance rules by December 31
Can your firm demonstrate sufficient ‘economic substance’ in the UAE by tomorrow? Adhering to UAE’s Economic Substance Regulations (ESR) is now a ‘must do’ reality facing business owners in the region …
( read original story …)
Family of British businessman who has untreated TB in a Dubai prison accuse Raab of ‘doing nothing’
EXCLUSIVE: Ryan Cornelius, 66, from London, was handed a 10-year sentence for his part in illegally obtaining a £372m loan from Dubai Islamic Bank to build a lavish real estate project.
( read original story …)
Dhs57.1 billion Dubai budget to boost growth; Sharjah clears largest ever plan
In his capacity as Ruler of Dubai, His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, has approved the Government of Dubai’s general budget for the …
( read original story …)
Pandemic speeds up UAE’s transition to cashless ecosystem
UAE residents also are among the top 10 globally when it comes to spending time on the internet and social media, averaging seven hours and 54 minutes …
( read original story …)
UAE- Ajman’s Department of Finance receives four new ISO certifications
As part of its keenness to achieve the vision and directives of the Ajman government in adopting world class standards, Ajman’s Department of Finance has received four new ISO certifications including …
( read original story …)
Al Mal Capital announces plan for first Dubai listing in 2021
Al Mal Capital on Monday announced that it has raised AED350 million ($95.2 million) in the initial public offering (IPO) of units in Al Mal Capital REIT, its newly founded entity. Al Mal Capital REIT …
( read original story …)
Dubai’s Al Mal Capital raises Dh350m for its IPO in turbulent times
Dubai: Dubai’s first IPO (initial public offering) in some time, Al Mal Capital, raised Dh350 million for its real estate investment trust (REIT). The issue. which closed its subscription on December …
( read original story …)
Uptake of Islamic finance in Bahrain, UAE, and Saudi rising
Bahrain, the UAE, and Saudi Arabia have ranked in the world’s top five Islamic finance economies, according to the latest annual Islamic Finance Development Indicator (IFDI) Bah …
( read original story …)
UAE- ADGM Completes 2020 with notable achievements, growth and new partnerships
Abu Dhabi Global Market (ADGM), the award-winning international financial centre, marked a record year of growth in 2020, with significant achievements across core areas of FinTech, regulation, …
( read original story …)
Renewable energy holds shared potential for China and UAE
A report by the State of Green Finance in the UAE surveyed a cross section from the private banking and investment sectors, finding nearly a quarter have invested in green projects from their assets.
( read original story …)
UAE- EAD wins ‘Outstanding Contribution to Biodiversity Global 2020 Award’
The Environment Agency Abu Dhabi (EAD) has won the Outstanding Contribution to Biodiversity Global 2020 Award, by Capital Finance International (CFI.co).
EAD, the region’s largest environmental …
Dubai ruler approves $15.5bln budget for 2021
Dubai has unveiled a spending plan worth 57.1 billion UAE dirhams ($15.5 billion) for fiscal year 2021, a decline of 9.3 billion dirhams from the 2020 outlay. His Highness Sheikh Mohammed bin Rashid …
( read original story …)
Shopping in UAE: 5 tips to land a good deal
Securing bargains and discounts is easy when you know what you are looking for, especially during flash sales and shopping festivals. >> Online bargains: The burgeoning online space in the UAE has …
( read original story …)
UAE- OFID supports Malawi with $20m loan to boost rural livelihoods
The Opec Fund for International Development (OFID) has signed a $20 million development loan agreement with Malawi to improve the livelihoods of around 1.3 million people living in rural areas. …
( read original story …)
Dubai economy forecast to grow by 4 per cent in 2021
Since the onset of the COVID-19 pandemic, Dubai has responded with swift and effective health measures and economic support initiatives that protected lives and livelihoods.
( read original story …)
UK-UAE export credit deal set to ‘significantly’ boost trade corridor
The recent signing of a reinsurance agreement between the UAE and the UK is set to lead to an influx of British companies exporting into the region, according to experts. The new agreement – signed by …
( read original story …)