( MENAFN – Dubai PR Network) Abu Dhabi, UAE. April 23, 2024: The UAE has committed US$50 million to the second phase of the Lives and Livelihoods Fund 2.0 (LLF 2.0), a major multi-donor development …
UAE Is Drafting New Research and Development Tax Incentives
The UAE is planning to provide its first research and development tax incentives to bolster business investment.
Emirates, flydubai resume flights after floods in Dubai
Dubai flagship carrier Emirates and sister airline flydubai said they have resumed normal operations after heavy rains caused severe flooding in the UAE …
UAE central bank asks lenders to defer loan repayments for six months to help flood-hit residents
Roughly a year’s worth of rain pummeled the Gulf country in a span of just 12 hours between April 16 and 17, destroying businesses, cars and other property.
Diego Megia’s Millennium-Backed Hedge Fund Plans Milan Office
Former Millennium Management portfolio manager Diego Megia’s new hedge fund is setting up an office in Italy, joining peers seeking to take advantage of the tax incentives offered by the European …
Islamic banking and finance is emerging in CIS Countries
While the global assets of Islamic finance industry boast a value exceeding $4.5 trillion, CIS countries are just beginning to tap into this potential. This surge is driven by a combination of factors …
Dubai’s Network International receives SVF licence from Central Bank
Dubai-based Network International has received its stored value facility (SVF) licence from the Central Bank of the UAE, enabling it to issue stored value products, which includes any non-cash …
Spinneys’ $375 Million Dubai IPO Draws Franklin Templeton
The family behind high-end supermarket chain Spinneys is seeking to raise as much as 1.38 billion dirhams ($375 million) in a rare private sector listing in Dubai that’s drawn Franklin Templeton as a …
44pc UAE retailers hit by cyberattacks in 2023, losing $3.08m
In the UAE, the average financial impact per affected individual reached AED3,250 in 2023, indicating a 270% increase from the previous survey. Despite this rise, 68% of UAE businesses report having …
UAE shares successful government modernisation experiences with Rwanda
The Government Experience Exchange Office in the Ministry of Cabinet Affairs received a delegation from the Government of the Republic of Rwanda, with the aim of sharing the UAE’s successful …
Dubai World Trade Centre cluster appoints CA Anirudh Chaturvedi as new Cluster Director of Finance
With an extensive background in finance hospitality and over 13 years of industry experience & serving Middle East region (UAE & Qatar) for past 6+ years …
Spinneys Seeks $375 Million in Rare Dubai Private-Sector IPO
The family behind high-end supermarket chain Spinneys 1961 Holding plc is seeking to raise as much as 1.38 billion dirhams ($375 million) in a rare private sector listing in Dubai.
Dubai retailer Spinneys sets IPO price range at Dh1.42-Dh1.53/share as demand builds up
The Spinneys IPO is opening today and retail investors have already been building up their funds to commit to the offering. Image Credit: Supplied photo Dubai: The UAE grocery retailer Spinneys has …
Positive macro-economic trends emerging in country: Finance Minister
The Minister further said that the macro-economic indicators have started showing positive trends in the country both at internal and external fronts. The ongoing structural reforms and enforcement …
UAE businessmen: Aurangzeb makes a pitch for investments
ISLAMABAD: Federal Minister for Finance and Revenue, Aurangzeb has held meeting with foreign investors including Chairman of Ayana Holding, Abdulla Bin Lahej and Chairman Nad Al Shiba Holding, …
Ministry Of Finance’s Federal Suppliers Register Enhances Government Procurement
Since 2007, the UAE Ministry of Finance has played a pivotal role in federal procurement. The introduction of the Digital Procurement Platform in 2021 has radically changed the procurement experience …
Nominations Open For UAE Realty Awards: Recognizing Excellence In Real Estate
Finance World Magazine proudly announces that nominations are now open for the prestigious UAE Realty Awards 2024 …