along with representatives from the Ministry of Finance and the Secretariat General of the Gulf Cooperation Council. Al Hussaini reaffirmed the UAE’s commitment to continue supporting joint Gulf …
Mohamed Bin Hadi Al Hussaini rings market-opening bell to celebrate listing the Islamic Treasury Sukuk on Nasdaq Dubai
The issuance of Dirham-denominated Islamic Treasury Sukuk contributes to expanding the scope of Islamic banking and is one of the most important tools for managing monetary policy and liquidity to fin …
UAE tax update: Registration starts on 15 May
The Federal Tax Authority has launched the registration process for Corporate UAE Tax through the EmaraTax digital tax services platform. UAE tax update: Registration starts on 15 May. Corporate tax, …
Amlak Finance’s profits up 8% in Q1-23; accumulated losses hit $217.71mln
Dubai – Amlak Finance registered net profits worth AED 14.12 million in the first quarter (Q1) of 2023, an annual rise of 8% from AED 13.08 million. The total income grew by 11% year-on-year (YoY) to …
Amlak finance announces first quarter 2023 financial results
Amlak Finance PJSC today announced its quarterly financial results for the period ended March 31, 2023. The company focused on prudently managing its UA …
Why UAE banks should focus on products over customers
In the era of digital acceleration, banking products cannot be secondary to customer experience. Why UAE banks should focus on products over customers. BNPL, Endava, middle east, Opinion, Postpay, …
Saudi Arabia’s IPO pipeline is running hot, with Jamjoom Pharmaceuticals setting price range
Jamjoom Pharmaceuticals ropes in SEDCO and Al Faisaliah as cornerstone investors Dubai: The Saudi IPO pipeline continues to flow, with Jamjoom Pharmaceuticals Factory Company setting the price range …
Dubai retains global top spot for attracting greenfield FDI projects
The emirate ranked first in attracting FDI projects into sectors such as tourism, business services, financial services, transport and warehousing, consumer products, and software and IT services …
COP28 President-Designate calls for action to transform, decarbonise and future-proof economies at UAE Climate Tech
Over 1,500 leaders from technology companies, major industries, finance, government, civil society, and the energy sector convene in Abu Dhabi for UAE Climate Tech. UAE Climate Tech provides platform …
Dubai fintechs have $615m in funding power – and that is from 2022 alone
The fintech sector has emerged as a key driver of innovation and economic growth in line with Dubai’s Economic Agenda (D33) and be one of the top four global financial hubs, said Kazim at the …
UAE: Sheikh Mohammed’s daughter Sheikha Latifa announces birth of baby girl, reveals baby name
Sheikha Latifa bint Mohammed bin Rashid Al Maktoum, daughter of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister of the U..
Saudi’s Morabaha Marina aims to raise up to $83.4 million in IPO -statement
DUBAI, May 14 (Reuters) – Saudi Arabia’s Morabaha Marina Financing Company said on Sunday it is seeking to raise up to $83.4 million in an initial public offering on the Tadawul (.TASI) exchange to …
UAE opens corporate tax registration for public joint stock companies and private entities
Public joint stock companies and private companies in the UAE can begin registering for corporate tax from May 15, before it becomes applicable next month. The corporate tax will be applicable for …
UAE: Emirates Development Bank seeks to promote financial inclusion of SMEs
EDB launched its five-year strategy in 2021 with a focus on five priority sectors that align with the country’s national development objectives …
The Middle East IPO Boom May Have Reached Its Zenith
Saudi Arabia’s decision to postpone its Aramco trading IPO shows that the Middle East IPO boom could be reaching its zenith …
Summit to help financial professional explore opportunities
The Dubai Chapter of the Institute of Management Accountants (IMA), in collaboration with ACCA Middle East, is taking a significant step towards bridging this gap among finance professionals in UAE by …
UAE’s first auction of Islamic treasury bonds in 2023 oversubscribed 7.6 times
The first auction of the UAE’s dirham-denominated treasury sukuk for the year was oversubscribed by 7.6 times, receiving bids worth Dh8.3 billion ($2.26 billion), the Dubai Media Office said on …