If you qualify as a tax resident of the foreign country, upon application, the tax authority of that nation would usually issue a TRC quoting the respective DTAA …
Three new IPOs added AED21.3 billion to UAE’s stock market capitalisation in 2024
The local stock markets attracted a new market capitalisation of nearly AED21.3 billion, thanks to three new initial public offerings witnessed since the beginning of this year, in line with market …
UAE banks’ savings deposits in Q1 surges 5pc to $78bn
Savings deposits in the UAE’s banking sector, excluding interbank deposits, attracted about AED13.8 billion ($3.7 billion) during the first quarter, reported Wam citing data from the Central Bank of …
UAE banks’ savings deposits in Q1 surges 5pc to $78bn
Savings deposits in the UAE’s banking sector, excluding interbank deposits, attracted about AED13.8 billion ($3.7 billion) during the first quarter, reported Wam citing data from the Central Bank of …
Add Value Machine, ADCB and Amazon Web Services (AWS) Successfully Conclude UAE’s First-Ever Generative AI Hackathon in the Banking Sector
All use cases developed during the hackathon were built on AVM’s observability, governance and compliance generative AI platform. AVM and AWS are now working closely with ADCB to accelerate the most …
Abu Dhabi’s First IPO of the Year Slumps in Rare Debut Drop
Alef Education Holding Plc shares dropped on their Abu Dhabi debut, a rarity in the Middle East where initial public offerings have typically yielded near-guaranteed returns in early trading.Most Read …
UAE real estate, tech stocks or gold? Here’s where you should be investing your money in 2024, according to experts
UAE investment and finance experts advise on investment strategies for 2024, emphasising diversification across sectors and regions amid economic shifts and global events …
UAE: $3.76bln in new savings deposits in banking sector during Q1-24
ABU DHABI – Savings deposits in the UAE’s banking sector, excluding interbank deposits, attracted about AED13.8 billion during the first quarter of this year, according to the latest statistics from …
UAE, Azerbaijan explore strategic partnerships to promote bilateral ties
The governments of the United Arab Emirates and the Republic of Azerbaijan have concluded the Ministerial Experience Exchange Forum, …
Savings deposits in UAE’s banking sector attract Dhs13.8 billion in Q1
Savings deposits in the UAE’s banking sector, excluding interbank deposits, attracted about Dhs13.8 billion during the first quarter of this year, …
Dubai real estate sector recorded $5.4bn of transactions last week
The Dubai real estate sector recorded more than AED19.71bn ($5.36bn) of transactions last week, according to data from the Land Department. It is an increase of around $550m on the AED17.5bn ($4.8bn) …
UAE’s banking sector liquid assets stand at Dhs786.6b
The liquid assets in the UAE banking sector stood at Dhs786.6 billion at the end of Q1-24, marking a year-on-year increase of 28.2%, or Dhs172.8 billion …
Emirates.Estate Explores Worth Investment Option for Dubai Real Estate in 2024
Over the past 3 years, Dubai’s real estate market has set records in terms of transaction numbers and total volume. In 2024, both residential and commercial real estate in the emirate are expected to …
Emirates Development Bank and Commercial Bank of Dubai forge partnership
Emirates Development Bank (EDB) and Commercial Bank of Dubai (CBD) have announced a strategic partnership aimed at enhancing international trade services. This collaboration will combine EDB’s …
UAE’s banking sector liquid assets stand at AED786.6 billion in Q1-24
The liquid assets in the UAE banking sector stood at AED786.6 billion at the end of Q1-24, marking a year-on-year increase of 28.2%, or AED172.8 billion, compared to approximately AED613.8 billion at …
Eisler’s Currency Trader Oakley Set to Return With New Risk Limits
A top currency trader at Eisler Capital is getting a second chance to turn a profit at the hedge fund after he was ordered to stop trading when he suffered losses on his roughly $500 million trading …
UAE economy grew by 3.6% last year, financial sector assets hit $1.1tn: CBUAE
The UAE’s financial sector also recorded robust performance in 2023, achieving 11.1 per cent growth in total assets to over AED4tn ($1.1tn) The country’s banking system also maintained appropriate …