The Ninth Arab Fiscal Forum, jointly organised by the Ministry of Finance, the Arab Monetary Fund and the International Monetary Fund, kicked off on Monday …
MENA region recorded 54 IPOs raising $12.6b during 2024
Oman reported its largest IPO to date in Q4 with OQ Exploration & Production raising US$2.0b Saudi Arabia continued to dominate listings with 17 IPOs in Q4 2024 Dubai, UAE – According to the EY MENA …
Dubai welcomed 18.7m tourists last year, Sheikh Hamdan lauds ‘exceptional growth’
Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, Minister of Defence, and Chairman of The Executive Council of Dubai, said that Duba …
Ministry of Finance participates in WGS 2025 with dynamic agenda
The Ministry of Finance is set to participate in the World Governments Summit (WGS) 2025, which will take place from 11th to 13th February in Dubai under the theme “Shaping Future Governments.”As part …
Standard Chartered Advises Against Buying Crypto Dip, Shiba Inu Partners with UAE Government And More: This Week In Crypto
The past week in the world of finance was marked by significant developments in the cryptocurrency sector. From warnings against buying the dip in Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and …
Ministry of Finance announces issuance of a cabinet decision on the introduction of top-up tax for multinational enterprises
Abu Dhabi, UAE – The Ministry of Finance has announced the issuance of Cabinet Decision No. 142 of 2024 on the introduction of the Top-up Tax for Multinational Enterprises, providing further details …
DIFC launches Dubai Financial Experts Program to develop next generation of national leaders in financial services
The Dubai International Financial Centre (DIFC), has launched the Dubai Financial Experts Program. The initiative aims to develop the next generation of Emirati leaders who will drive innovation …
Dubai: Eviction notices push some tenants to buy their own homes
Nearly 30 per cent of those who took mortgages last year in Dubai decided to become homeowners after receiving rental eviction notices from their landlords..
Ministry of Finance announces issuance of cabinet decision on introduction of top-up tax for multinational enterprises
ABU DHABI, 8th February, 2025 (WAM) — The Ministry of Finance has announced the issuance of Cabinet Decision No. 142 of 2024 on the introduction of the Top-up Tax for Multinational Enterprises, …
New programme launched to develop national leaders in financial services
The Dubai International Financial Centre (DIFC) has launched the Dubai Financial Experts Program, with the aim of developing the next generation of …
DIFC launches Dubai Financial Experts Program to develop national leaders in financial services
The programme, designed to graduate Emirati leaders, is being delivered in collaboration with the Mohammed bin Rashid Center for Leadership Development (MBRCLD) …
UAE to invest billions to build AI data center in France
A few days ahead of the Artificial Intelligence Action Summit in Paris, the French presidency has announced the first of several expected financial initiatives related to AI. France’s Emmanuel Macron …
Veefin Group acquires UAE-based trade finance marketplace TradeAssets
Indian supply chain finance technology provider Veefin has acquired TradeAssets, a blockchain-powered e-marketplace for trade finance assets.
Al Salam Bank Net Profit Grows by 40% to Record Levels
Al Salam Bank (Bahrain Bourse trading code “SALAM”, Dubai Financial Market trading code “SALAM_BAH”) achieved record profitability with net profit attributable to shareholders increasing by 39.8% to …
Al Salam Bank achieves a historic 40% surge in net profits
Manama, Bahrain – Al Salam Bank (Bahrain Bourse trading code “SALAM”, Dubai Financial Market trading code “SALAM_BAH”) achieved record profitability with net profit attributable to shareholders …
Ercil to Shut $3 Billion Hedge Fund in Family Office Pivot
Alp Ercil is closing his $3 billion flagship hedge fund after a money-making 14-year run, and will convert his firm into a family office, according to a person familiar with the matter.
Dubai’s GDP expands by 3.1% in the first nine months of 2024 to reach AED339.4 billion
Trade, Transportation and Storage, and Finance and Insurance emerge as the leading sectors driving Dubai’s GDP growthHelal Almarri: Dubai’s exceptional economic performance in the first nine months of …