To build a long-term, effective, and mutually beneficial relationship in the areas of employee skill training, agritech and food security financing solutions …
BisB wins ‘Best Digital Banking Initiative’ award
Bahrain Islamic Bank (BisB), a leading provider of digital banking services in Bahrain, has won the ‘Best Digital Banking Initiative’ at the Mena Banking Excellence Awards ceremony 2023. Yaser …
UAE: EDB signs MoU with Paraguay’s Development Finance Agency
EDB and AFD will harness their respective resource advantages and professional expertise, to build a long-term, effective, and mutually beneficial relationship …
ADNOC L&S draws highest IPO subscription in 2023, at $125 bln
According to ADNOC, the top price was driven by significant demand from both local and international investors.. ADNOC L&S draws highest IPO subscription in 2023, at $125 bln. abu dhabi, Adnoc, ADNOC …
Hedge fund trader Sanjay Shah ordered to pay 4.6 billion dirhams to Denmark – Check what the Dubai court said in its ruling
Indian origin hedge fund trader Sanjay Shah has lost his final appeal in Dubai and was ordered to pay Denmark’s tax authority 4.6 billion dirhams for tax fraud and money laundering. In addition, he …
MEBIS 2023 – Where The Banking Elite Convened To Deliberate On The Challenges And Opportunities Of The Digital Age – ZEX PR WIRE
Melbourne, Australia, 26th May 2023, zex pr wire , Featuring 70+ speakers to share their knowledge and expertise on the changing face of the banking sector though innovation and technology …
UAE companies can adjust tax treatment of some assets before corporate tax enforcement
The Ministry of Finance announced additional flexibility for the property … value at the start of the first tax period,” it added. In January last year, the UAE introduced the federal corporate tax …
Ministry of Finance helps businesses adjust opening balance sheets before and after Corporate Tax comes into force
The decision applies to certain assets and liabilities, such as immovable property, intangible assets, financial assets, and financial liabilities, held by businesses before the Corporate Tax Law …
UAE announces new corporate tax rules to support companies’ transition once law takes effect in June
The UAE’s Ministry of Finance (MoF) on Friday announced a new decision specifying corporate tax rules that aim to ease companies’ transition period In an advisory, the authority said these …
UAE Ministry of Finance issues decision on transitional rules for corporate tax
The aim is to ease the process of determining the opening balance sheet, ensuring a fair and transparent approach …
ADNOC L&S draws record-breaking IPO subscription of $125 billion
ADNOC Logistics and Shipping Services’ initial public offering (IPO) of received unprecedented attraction from investors across the world, making it the most sought-after issue of the year.. ADNOC L&S …
UPDATE 1-ADNOC Logistics & Services IPO shares priced at top of range -statement
DUBAI, May 25 (Reuters) – Shares in ADNOC Logistics & Services … Petroleum Services Co. and Abu Dhabi Petroleum Ports Operating Co. This is ADNOC’s second IPO this year after raising $2.5 billion …
Adnoc L&S IPO: Company set to raise $769m from oversubscribed offering
Adnoc Logistics & Services, an Adnoc subsidiary, is set to raise about $769 million from the sale of a 19 per cent stake in an Abu Dhabi Securities Exchange listing that has been heavily …
Uneza Lakhani Dubai UAE: Redefining Excellence in Corporate Finance
Uneza Lakhani Dubai UAE is an esteemed financial expert who has made an indelible mark on the Dubai shipping industry for over two decades. Her exceptional contributions have garnered international …
ADNOC sees $125bn demand for $769m IPO
ADNOC unit 163-times oversubscribed for IPO ADNOC sees $125bn demand for $769m IPO ADNOC, ADNOC IPO, ADNOC Logistics & Services, ADX IPO …
Analysis: UAE steps up pace of solo trade deals in regional economic race
The United Arab Emirates is increasingly pursuing bilateral trade deals outside of the Saudi-headquartered regional Gulf Cooperation Council (GCC), as competition with Riyadh intensifies for economic …
UAE: Adnoc to list logistics unit at Dh2.01 per share
Total demand across the tranches in the UAE retail offering amounted to more than $31 billion (in excess of 269 times oversubscribed). The price range for the IPO was previously set between Dh1.99 to …