The top ten UAE banks’ profitability in the third quarter 2022 jumped on the back of higher core interest income despite a slowdown in loans and advances g..
Qatar bans beer at World Cup, Dubai slashes commute times, UAE scraps VAT – 10 things you missed this week
Dubai slashes commute times, Qatar bans beer sales at World Cup and there is a $5bn floating turtle city coming to Saudi Arabia Dubai commuters will be getting to work faster, football fans in Qatar …
Why invest in Dubai: eco-friendly city with high ROI on renting out and cryptocurrency in use
In almost all areas of the most famous emirate, the cost of rent is growing, but the highest growth rates are observed in the areas of: Downtown, Discovery Gardens, Dubai International Financial …
Dubai-born Lebanese expat becomes jewellery entrepreneur to ensure financial security
UAE resident shares mistakes, lessons when starting jewellery e-retail platform at age 32 UAE-based Lebanese expat Iman Fawaz, 32, learnt from a young age how to save money and plan for a business by …
Now Visitors Can Sell USDT in Dubai for Cash at SUID OTC Desk
As a well-established crypto OTC in Dubai, SUID wants to increase its crypto exposure in Dubai. Dubai finds itself as a regional financial and also a crypto-financial hub for businesses and startups …
UAE banking sector has strong foundation to continue growing
Abdulaziz Al-Ghurair, Chairman of UAE Banks Federation (UBF), the unified representative and voice of UAE banks, said that the banking sector in the UAE has a solid foundation to continue to grow and …
Dubai Islamic Bank, Al Ramz Corporation strikes strategic partnership for capital market services
Dubai Islamic Bank (DIB) entered into a strategic partnership with Al Ramz Corporation, a leading UAE capital markets financial institution, to offer capital markets services and expand financial …
Taaleem IPO: Dubai school operator raises $204 million, oversubscribed 18 times
Taaleem Holdings PJSC has completed its book building and public subscription process for its initial public offering (IPO) on the Dubai Financial Market (DFM), the Dubai school operator announced in …
National Bank of Fujairah takes home three awards at MEA Finance Industry Awards 2022 in Dubai
National Bank of Fujairah (NBF) has won three awards at the prestigious MEA Finance Industry Awards 2022, including “Best Commercial Bank – UAE”, “Best SME Bank” and “Best Trade Finance Provider”, …
UAE: Taaleem announces inital public offering oversubscribed 18 times
One of the largest K-12 premium education providers in the UAE, Taaleem Holdings PJSC has announced the successful completion of the book building and public subscription process for its initial …
Taaleem IPO: Dubai school operator raises $204m in oversubscribed offering
from its initial public offering and will be the largest and only dedicated education provider on the Dubai Financial Market when it starts trading later this month. The company sold 254.2 million …
UAE Golden Visa, financial rewards for top high school students in Dubai
The Dubai Crown Prince has met top-performing high school pupils and issued directives to offer them financial rewards and scholarships for prestigious universities. Sheikh Hamdan bin Mohammed bin …
UAE Ministry of Finance: Supply of services for natural persons serving as members of boards of directors will not be subject to VAT
The Ministry of Finance (MOF) has announced that starting from January 1, 2023, director services undertaken by natural persons serving as members of board..
UAE’s largest pet business bought by Aliph Capital
Aliph Capital has closed its first transaction, which involved the 100 percent buyout of UAE’s largest pet business, The Pet Shop (TPS), which also comprises of DubaiPetFood.com and Petsville. The …
UAE’s top 10 banks’ profitability soars to 15.1% in Q3
The increase in profitability was driven by higher core interest income despite a slowdown in loans and advances (L&A) growth …
UAE scraps VAT for some sectors
The Ministry of Finance (MOF) has announced that starting January 2023, board members across institutions in the UAE will not be subject to value added tax (VAT). The tax will still be applicable for …
ADGM launches Crypto Hub at Abu Dhabi Finance Week 2022
The event under the theme of “Crypto Abu Dhabi”, facilitated the assembly of global crypto, blockchain and decentralised finance entities.