UAE, Saudi business confidence dips over VAT launch

Business confidence in the UAE and Saudi Arabia dipped ahead of the launch of VAT due to concerns over increased consumer costs, according to a new survey. The survey of global CFOs and finance professionals conducted by the Association of Chartered ... ( read original story ...)

UAE removed from EU uncooperative tax haven list

The UAE Ministry of Finance welcomed the European Union’s decision to remove the UAE from its list of uncooperative tax havens, in recognition of the transparent procedures the Emirates has been adhering to—and will continue to do so—locally and ... ( read original story ...)

EU removes UAE from ‘’uncooperative tax havens’ list

The UAE Ministry of Finance has welcomed the European Union’s decision to remove the UAE from its list of uncooperative tax havens, in recognition of the transparent procedures the Emirates has been adhering to locally and internationally. Younis Haji Al ... ( read original story ...)

UAE demand for business loans up marginally in Q4

Demand for business loans in the UAE increased marginally in the fourth quarter of last year, mainly because of stronger demand in Dubai, while total demand for personal loans was flat, a central bank survey showed on Tuesday. The net balance measure for ... ( read original story ...)

Dubai bank acquires Amazon’s new logistics centre

Dubai investment bank Rasmala has acquired two logistics facilities in Germany for $185 million (€154 million), including Amazon's major new logistics centre in Dortmund. The Amazon centre, which spans 88,000 sq.m, was acquired for $145 million. ( read original story ...)

CBI appoints Zainal as head of retail banking

COMMERCIAL Bank International (CBI), a UAE bank headquartered in Dubai, announced the appointment of Shaker Zainal as the head of retail banking. A seasoned Emirati banking executive with almost 20 years of experience in retail banking across the Middle ... ( read original story ...)