The UAE has begun implementing a waiver on tax fines for businesses in the country. The Federal Tax Authority has announced that it has begun implementing the UAE Cabinet Decision to exempt certain …
Dubai on track to become top 4 global financial hub
HSBC report highlights how Dubai is cementing a reputation as a financial powerhouse and has aspirations as a global commerce hub …
UAE hosts BRICS Finance Track Meeting & Seminar on public-private partnerships and infrastructure
Abu Dhabi, The UAE, represented by the Ministry of Finance, has hosted the first-ever BRICS event in the country, the BRICS Finance Track Working Group Taskforce on Public-Private Partnership & …
Dubai nears top four global financial hub status: HSBC report
Dubai’s capital markets are playing a pivotal role in advancing the Emirate’s ambition of becoming a global top four financial hub, with foreign investor participation now a defining feature of market …
EFG Hermes optimistic on UAE listings of family firms
On the broader Gulf capital markets, Gad noted the impressive performance of key bourses last year, including in Dubai, Abu Dhabi, Saudi Arabia and Kuwait …
Dubai Residential Reit and Flynas airline launch IPOs
Equity capital markets activity is picking up in the Persian Gulf. United Carton Industries has completed the institutional tranche of its IPO bookbuild, while two companies, Saudi budget airline …
UAE’s economic momentum continues, led by investment: HSBC
Simon Williams, chief economist for Central and Eastern Europe, Middle East and Africa at HSBC, affirmed that economic prospects for the Gulf Cooperation Council (GCC) region, particularly the UAE, …
UAE Cabinet, chaired by Mohammed bin Rashid, approves ‘UAE Strategy for Islamic Finance and Halal Industry’
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, has chaired the UAE Cabinet meeting held at Qasr Al Watan, Abu Dhabi.The meeting was attended by …
UAE sets $697bn Islamic bank target and aims for Halal export boost; Cabinet reviews tourism sector amid $122.5bn goal
By 2031, the strategy targets significant growth, aiming to increase local Islamic bank assets to AED2.56tn ($697bn), increase local Sukuk issuances to AED660bn ($180bn), and international Sukuk …
UAE approves new strategy to develop Islamic finance, improve export of halal products
The UAE cabinet on Tuesday, May 6, approved a strategy with the goal of developing the Islamic finance industry and also raise the level of exports of halal products worldwide. Sheikh Mohammed bin …
Sheikh Mohammed approves UAE Strategy for Islamic Finance and Halal Industry
Sheikh Mohammed said, “I chaired a Cabinet meeting at Qasr Al Watan in Abu Dhabi, during which we approved the UAE Strategy for Islamic Finance and the Halal Industry. “The goal is to develop the …
UAE aims to boost Islamic bank assets to Dh2.56 billion in six years
The UAE Cabinet on Tuesday set up a strategy for Islamic Finance and the Halal Industry, which aims to increase the assets of the country’s Islamic banks from Dh986 billion to Dh2.56 trillion within …
UAE unveils strategy to more than double value of Islamic banking and boost halal exports
The UAE on Tuesday set out plans to more than double the value of its Islamic banks and increase exports of halal products around the world.Sheikh Mohammed bin Rashid, Vice President, Prime Minister …
Dubai Financial Market and Taiwan Stock Exchange sign MoU to strengthen cross-border financial cooperation
The MoU outlines exploring cooperation on cross-border listings, joint market promotion and knowledge exchange between DFM and TWSE …
DFM introduces AI insights to iVestor to simplify company disclosures and financial reporting
New iVestor capabilities reflect DFM’s ongoing push to make investing more intuitive, digital-first and accessible …
Two Dubai companies fined Dh100,000 each for missing financial disclosure deadline
Two licensed financial firms operating in Dubai have been fined by the Securities and Commodities Authority (SCA) for failing to comply with regulatory reporting obligations. Mondial (Dubai) LLC and …
UAE, GCC IPO pipeline looks healthy; family businesses could tap public market, say experts
The UAE and Gulf Cooperation Council (GCC) initial public offering (IPO) pipeline is looking good with some family-owned businesses potentially going public in the coming years, industry players said …