UAE’s Minister of State for International Co-operation, Reem Al Hashimy, spoke on the second day of the Raisina Dialogue in New Delhi about the ineff …
UAE Banks Federation: Member Banks Have a Key Role in Combating Money Laundering Based on Trade and Letters of Credit
The workshop underlined the pivotal role that banks play in combating money laundering based in trade and credit documents, which attempts to disguise illegal proceeds as legitimate commercial …
Abu Dhabi’s Presight AI announces intention to launch IPO, list on ADX
The UAE Securities and Commodities Authority approved Presight AI Holding’s application for the IPO on March 3.
‘Sky is the limit’ in economic ties between Türkiye, UAE: Minister
Bilateral trade and relations are set for an immense boost with a new free trade agreement between Türkiye and the UAE, according to the Gulf …
UAE: Can you claim all accounting expenses to prepare tax return?
Taxable persons are liable to pay tax on their taxable profits. As required by the Corporate Tax Law of the UAE (UAE CT law), taxable persons are responsible for adjusting their accounting profits to …
Gulf Nations Rise in 2023 Brand Finance Global Soft Power Index, Led by Qatar, UAE, Saudi Arabia
Brand Finance Global Soft Power Index has seen a significant improvement in Gulf nations, with Qatar, the United Arab Emirates (UAE), and Sa …
UAE’s ADNOC Gas to raise $2.5b in world-leading IPO
The UAE’s state oil giant ADNOC said it will raise about $2.5 billion in a flotation of its gas business — the world’s biggest IPO this year — as it announced final pricing on Friday.The ADNOC Gas …
Bybit halts USD bank transfers citing partner outages
Dubai-based Bybit is the latest crypto exchange to suspend USD wire transfers claiming partner disruptions. Dubai-based crypto exchange Bybit has suspended United States dollar (USD) deposits via bank …
UAE positioned itself as key player in Global Value Chain: Al Zeyoudi
Bringing UAE’s role in global trade, investment and growth, industry leaders of trade and investment from around the world came together in a session titled “Beyond Borders: Harnessing the Power of …
UAE’s ADNOC prices gas business IPO near top of range
State oil giant Abu Dhabi National Oil Co (ADNOC) on Friday set the final price for its initial public offering, valuing the company at about $50 billion after drawing record demand. It will become …
DIGIPOS Solution rises as a trusted partner of a local bank in UAE
Today, anyone running a brick-and-mortar business needs to be equipped to accept payments through covered /debit and credit …
UPDATE 2-UAE’s ADNOC prices gas business IPO near top of range
ADNOC Gas offer price set at 2.37 dirhams per share*ADNOC raises around $2.5 billion from IPO(Adds cornerstone investors in paragraph 6)ABU DHABI, March 3 (Reuters) – State oil giant Abu Dhabi …
UAE: Adnoc Gas Prices IPO At Dh2.37 Per Share
State oil giant Abu Dhabi National Oil Co (Adnoc) on Friday set the final price for the initial public offering of its gas unit, valuing the company …
AED245.867 bn saving deposits in UAE banks by end of December 2022
Saving deposits in the UAE banking system, excluding interbank deposits, increased to AED245.867 billion by the end of December 2022, a YoY growth of approximately AED4.00 billion, or 1.7 percent, …
Three Dubai returnees allege financial exploitation
Three women, who returned from UAE, alleged financial exploitation and mental torture at the hands of their employers on Friday.
UPDATE 7-Oil up 1% after denial of reported UAE plan to exit OPEC
Oil benchmarks on track for weekly gains * Report UAE may exit OPEC ‘far from the truth,’ source says * Chinese data, record U.S. exports support oil prices * Dollar falls; analysts see more weakness …
Dubai records AED11.5 billion in weekly real estate transactions
DUBAI, 3rd March, 2023 (WAM) –A total of 3,397 real estate and property transactions were conducted during the week ending on 3rd March 2023, valued at AED 11.5 billion, according to data released by …