Emirates NBD, a leading banking group in the MENAT (Middle East, North Africa and Turkey) region, has introduced a new banking proposition within its Priority Banking segment, to cater to its elite …
Fitch upgrades United Arab Bank’s VR to ‘b+’ and affirms IDR at ‘BBB+’, outlook stable
The upgrade of UAB’s VR reflects the bank’s improved business profile following the asset quality clean up and new strategy …
UAE reveals revisions to tax laws
The UAE Ministry of Finance has announced that certain organisations and companies will be exempt from mandatory tax payments. UAE reveals revisions to tax laws. Corporate Tax, Corporate Tax UAE, …
UAE announces major tax exemption for Public Benefit Entities
The UAE’s Ministry of Finance has recently introduced a modification to the tax laws, allowing specific firms to waive the mandatory Corporate Tax fee. As per the latest decision announced by the UAE …
Two banks team up to launch credit guarantee scheme for UAE-based SMEs
Under the partnership agreement, Emirates Development Bank will guarantee 50% of the finance facility extended to eligible SMEs by the listed lender, which is the 11th commercial bank to join EDB’s sc …
Time to buy? Gold prices drop further in Dubai
Gold prices edged lower in Dubai and globally on Monday morning for a second consecutive session, as investor focus shifted to central bank meetings for clarity on their rate-hike strategies that may …
UAE to offer corporate tax relief to ‘public benefit’ entities
The UAE said entities that qualify for the exemption include entities that focus on activities such as philanthropy and community services …
UAE conventional bank assets hit $830bn
UAE Central Bank announces annual growth in financial sector UAE conventional bank assets hit $830bn CBUAE, Central Bank of the UAE, UAE, UAE banking sector Banking & Finance …
Dubai’s real estate sector records transactions worth Dhs157b in Q1
Sheikh Maktoum Bin Mohammed Bin Rashid Al Maktoum, Deputy Ruler of Dubai and Deputy Prime Minister and Minister of Finance of the UAE, …
UAE trade deal gauged by finance policy officials
The Cambodia-United Arab Emirates Comprehensive Economic Partnership Agreement (CAM-UAE CEPA) – largely expected to be signed later this year – will provide a major impetus for the Kingdom’s export …
Emirates Development Bank, Emirates Islamic partner to support SMEs
EDB has signed credit guarantee scheme agreements with 11 UAE lenders including Abu Dhabi Commercial Bank and First Abu Dhabi Bank …
Dubai International Financial Centre, Mastercard partner to drive digital transformation in UAE
The collaboration would provide fintech startups and established companies access to Mastercard’s network and expertise and DIFC’s financial ecosystem.
UAE property developer DAMAC sells $400 mln Islamic bond
Dubai-based real estate developer DAMAC on Tuesday sold a three-year $400 million Islamic bond, or sukuk, amid a strong rebound in the emirate’s real estate sector.
UAE and South Africa look to boost trade and investment opportunities
The UAE and South Africa held high level meetings on Wednesday to enhance bilateral trade and investment opportunities. The two sides also explored avenues to promote development in key sectors such …
Dubai Islamic Bank posts 12% surge in quarterly profit on higher revenue
Dubai Islamic Bank’s balance sheet expanded by 1.3 per cent YTD to Dhs292bn while customer deposits settled at Dhs198bn …
This International Bank Appointed the First Emirati Woman CEO
Citibank, N.A. UAE Onshore Branch in the United Arab Emirates announced the appointment of Shamsa Al-Falasi as Chief Executive Officer. Shamsa will also take on the responsibilities of Chief Administr …
How soon will UAE’s private businesses sign up for an IPO?
Laws of the land and investors are ready for more listing actions from its private sector First quarter IPO action has been solid, but the UAE capital markets could still do with more private …