Artificial Intelligence in the financial sector is expected to inject Dh103 billion into the UAE’s economy by 2035 as the Arab world’s most future-ready nation aims to boost the contribution of this …
Cop28 pledges four pillars to unleash finance for climate change
Majid Al Suwadi, the director general and special representative of the UAE for the Cop28 presidency, has outlined an agenda to trigger new finance for addressing climate change at the global …
Dubai Unveils Ambitious $4 Billion MOON Project to Boost UAE Economy
Dubai has recently revealed its ambitious plan to construct a replica of the moon at a staggering cost of $4 billion. The primary objective of …
UAE issues three new ministerial decisions relating to corporate tax
These include Ministerial Decision No.114 of 2023 on the Accounting Standards and Methods; Ministerial Decision No.115 of 2023 on Pensions and Social Security Funds; and Ministerial Decision No.116 of …
Ministry of Finance issues three new ministerial decisions relating to corporate tax
These include Ministerial Decision No.114 of 2023 on the Accounting Standards and Methods; Ministerial Decision No.115 of 2023 on Pensions and Social Security Funds; and Ministerial Decision No.116 of …
5 digital banking apps for the tech-savvy Gen Z in the UAE
Digital banks have emerged as the driving force behind a financial revolution for the younger generation, leveraging a groundbreaking approach to banking that seamlessly aligns with the connected …
Abu Dhabi’s National Marine Dredging doubles investment in ADNOC L&S IPO to $60mln
Abu Dhabi-based National Marine Dredging Co. PJSC has doubled its cornerstone investment in the IPO of ADNOC Logistics & Services (L … its business and investments inside and outside the UAE. ADNOC …
UAE Ministry of Finance issues three new decisions before corporate tax is introduced
The UAE Ministry of Finance has issued three new ministerial decisions that explain exemptions and preparation of financial statements before the introduction of corporate tax in the country next …
ADNOC L&S IPO size increased to 19 percent on strong demand
ADNOC has increased the number of shares being offered to 1,405,714,765 – 19% of the company’s total issued share capital ADNOC L&S IPO size increased to 19 percent on strong demand Abu Dhabi National …
ADIB becomes the first UAE bank to provide instant and secure account opening for SMEs via deploying Emirates Face Recognition (EFR) technology
Abu Dhabi Islamic Bank (ADIB), a leading Islamic financial institution, becomes the first bank in the UAE to provide small and medium-sized enterprises (SMEs) with convenient remote account opening …
ADIB becomes the first UAE bank to provide instant and secure account opening for SMEs
In addition to the digital account opening solution, ADIB has also introduced ADIB Direct – Online & Mobile Banking, which automates a variety of services for companies, providing significant cost and …
Dubai records over $544mln in realty transactions Monday
DUBAI: Dubai real estate market recorded 574 sales transactions worth AED1.76 billion, in addition to 110 mortgage deals of AED275.8 million, and 12 gift deals amounting to AED41.02 million on Monday, …
ADNOC announces increase in total number of shares offered for IPO of ADNOC Logistics & Services
ABU DHABI: Abu Dhabi National Oil Company (ADNOC), today announced that, as Selling Shareholder, it has exercised its right set out in the UAE Prospectus to increase the number of ordinary shares …
UAE: Adnoc Logistics and Services IPO size hiked after demand
The local and regional IPO activity has been very strong, especially in the UAE and Saudi Arabia. According to EY’s first-quarter global IPO market, Abu Dhabi accounted for 14 per cent of the global …
Want to pay your Dubai traffic fines in installments? Here’s how you link it to your bank account
with violations owed to Dubai Police, to pay interest-free installments for a period of three, six or 12 months. These payments can be made through credit cards issued by the following banks: • …
Adnoc L&S IPO: Company increases number of shares on offer for retail investors
Adnoc Logistics & Services, an Adnoc subsidiary, has increased the number of shares allocated to retail investors in its initial public offering due to “significant investor demand”. The retail …
ADNOC Logistics & Services IPO stake size raised to 19%
Abu Dhabi National Oil Co is offering a larger stake in its marine and logistics unit in an initial public offering after attracting significant investor demand, it said on Monday. ADNOC will now …