Tag: finance

The UAE Ministry of Finance on 30 April issued new tax rules setting out country-by-country reporting compliance obligations for multinational corporation groups effective for financial years …
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The Dubai Financial Services Authority (DFSA) said it fined Abraaj Investment Management Ltd (AIML) $299.3 million (Dh1.1 billion) and Abraaj Capital Ltd (ACLD) $15.275 million (Dh56 million …
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Noor Bank, one of the leading Shari’ah-compliant banks in the UAE, has entered a strategic partnership with National Bonds Corporation, a renowned investment company, to launch a first-of-its-kind …
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Dubai-UAE: Noor Bank, one of the leading Shari’ah-compliant banks in the UAE, has entered a strategic partnership with National Bonds Corporation, a renowned investment company, to launch a …
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Mufazzal Kajiji, head of Retail Banking at Noor Bank, and Mohammed Qasim Al Ali, CEO of National Bonds, signed the agreement at National Bonds headquarters in Dubai. Customers can access a host of …
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DUBAI/RIYADH, July 30 (Reuters … As further encouragement, the regulator has relaxed the traditional IPO requirement to list at least 30% of a company. Saudi mall operator Arabian Centres , owned by …
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DUBAI/RIYADH (Reuters) – Saudi Arabia’s Sulaiman Al Habib … could sell as much as a 30% stake in the IPO, although one source said it could sell less if Saudi regulators permit. Officials from the …
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Respondents of Credit Sentiment Survey of the UAE Central Bank expected a tightening in credit standards but to a lesser extent for the September quarter. Picture is used for illustrative purposes …
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The Sharjah Police General Directorate have warned residents of the UAE against fraudulent bank messages circulated by fraudsters posing as bank employees, claiming to update personal bank information …
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the collapsed buyout firm that’s already facing legal action in the U.S. The Dubai Financial Services Authority, which regulates the city’s financial freezone, imposed two fines on Abraaj Capital Ltd. …
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The legal dispute could also be awkward for Jordan’s King Abdullah, whose government relies on financial support from the UAE and its ally, Saudi Arabia, as it grapples with a lacklustre economy and …
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(MENAFN – Khaleej Times) Shrugging off slowdown in the financial sector and macro-economy, Dubai International Financial Centre (DIFC) marched ahead in 2019, attracting more companies in the first …
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When Bill Gates famously said “banking is necessary, banks are not,” Saad Ansari paid attention. The founder and CEO of Xpence set out to innovate for financial inclusion to solve the biggest barrier …
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The combination, which reinforced ADCB Group’s position as the third largest bank by assets in the UAE, has created a resilient platform for sustainable growth through greater scale. Overall ADCB …
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Total number of companies currently operating in the DIFC stands at 2,289 – a 14 percent increase year-on-year and a 7 percent increase since end of 2018 Over 250 new companies, a 10 percent increase …
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The number of financial companies operating in the Dubai International Financial Centre rose 11% during the first half, even as a slowing global economy forced some banks to cut jobs. Almost 2,290 …
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“Dubai’s cheap stocks are for those prepared … U.A.E. stocks are concentrated in industries including finance and have little exposure to other sectors such as technology, which trade …
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