Emirates Development Bank is now two years into an ambitious five-year strategy aimed at empowering SMEs in five priority sectors …
Dubai-based airline Emirates logs record profits of $3 billion as passenger numbers surge by 123%
Emirates posted a $1.1 billion loss in May 2022, following a $5.5 billion loss in May 2021, as the airline was heavily impacted by the Covid-19 pandemic and soaring fuel prices.
UAE’s Emirates reports record $2.9 billion in profit after two years of losses
Emirates reported an annual profit of $2.9 billion for the fiscal year 2022-23. This constitutes a record high for the Dubai-based airline. The profit was driven by an 81% increase in revenue …
Passerbys foil man’s bid to rob a woman at knifepoint in Dubai; jailed for six months
The case dated back to October last year when an Asian woman filed a complaint in which she stated that she had been robbed under duress by an African.
Dubai’s Emirates reports ‘most successful year yet’ with $3bn annual profit
Emirates Group soars to new heights, reporting $3 bn annual profit and record-breaking revenues Dubai’s Emirates reports ‘most successful year yet’ with $3bn annual profit Aviation, Dnata, Dubai, …
UAE: New decision on transfer pricing for corporate tax purposes
Al Khouri added that the transfer pricing documentation requirements will promote transparency and fairness in the UAE’s tax system …
Dubai-based logistics firm Aramex sees 49% fall in profit
Dubai-based courier and logistics company Aramex saw its profit fall by 49% to AED 23.909 million ($6.51 million) in the first quarter of 2023 due to factors including currency devaluation as well as …
Four Financial Lessons Learnt As A First-Time Founder
While running a startup is an exciting journey, when it comes to the financial lessons learnt, being savvy to your market and your customer, and understanding your buckets of spending will help keep …
Middle East maintains IPO momentum into 2023, EY says, despite slowdown
DUBAI – Middle East companies raised nearly 16% of the total proceeds from initial public offerings (IPOs) globally in the first quarter, as the region’s momentum from a blockbuster 2022 continued, …
UAE: Bids worth Dh8.3 billion received at Islamic Treasury Sukuk auction
The launch of the Dh1.1 billion programme witnessed strong demand through its eight primary bank dealers, with an oversubscription of 7.6 times …
Mena IPO momentum lasts with 10 IPOs raising $3.4bn in Q1
IPO activity in the Mena region retained strong momentum despite the weaker global sentiment with the first quarter seeing 10 IPOs netting proceeds of $3.4 billion. However, this represents a 33% drop …
UAE VP announces digital transformation of Central Bank
Apex bank will continue the Emiratisation of its administration and leadership positions, which now stands at 65 per cent, says governor …
EDB commits to finance UAE renewables sector
EDB is now two years into an ambitious five-year strategy aimed at empowering SMEs and large corporates in five priority sectors …
Al Etihad Credit Bureau and DIFC Innovation Hub empower fintech startups in the UAE
Reinforces AECB’s position as an enabler of premium fintech solutions supported by a robust, data-driven API ecosystem …
UAE announces major tax clarifications for corporates
The decision specifies the conditions that allow a person to continue to be considered exempt from UAE corporate tax UAE announces major tax clarifications for corporates Ministry of Finance, Tax, UAE …
UAE corporate tax: New exemptions announced
Decision clarifies rules to ensure that businesses remain eligible for exemption if they fail to meet the relevant immunity conditions under certain circumstances …
Ministry of Finance Issues Ministerial Decision on Exempt Persons for Corporate Tax Purposes
Decision clarifies conditions allowing exempt persons to remain exempt under certain circumstances.● Helps to exemplify the application of the Corporate Tax Law in the exceptional circumstances. Abu …