Tuesday’s deals included 520 sales transactions worth AED1.22 billion, 72 mortgage deals of AED216.8 million, and 15 gift deals amounting to AED98.13 million Dubai real estate market records property …
The first edition of the MENA IPO Summit- Dubai 2023 announces successful conclusion
The summit witnessed a total of 500 participants from IPO community, including approximately 80 regional & international speakers. DFM plans to build upon the summit success through hosting it in the …
Central Bank: UAE banks’ gross assets increases 0.7 percent to stand at USD990B in November
The gross assets of UAE banks, which contains bankers’ acceptances, surged by 0.7 percent to reach 3.639 trillion dirhams (USD990 billion) at the end …
Dubai Islamic Bank FY net profit jumps 26%; beats estimate
The earnings easily beat Refinitiv’s mean analyst estimate of AED4.97 billion. Net income grew 11% YoY to AED10.4 billion versus AED9.4 billion in same period of last year, the Dubai Financial …
Dubai’s Highest Court Asked To Review Ruling On Dispute Between Local Bank And International Investor
A long-running dispute involving $497 million in frozen funds, a claim for more than $13 million in interest and actors from the Cayman Islands, Kuwait and Dubai is nearing a conclusion …
UAE: Ministry of Finance explains corporate tax timelines
The programme was launched by the Ministry to raise awareness about the new tax, after the Federal Decree-Law on Taxation of Corporations and Businesses (the “Corporate Tax Law”) was issued last month …
UAE-India trade to reach $100bn in next 5 years
Indian companies registered in UAE, summit hears UAE-India trade to reach $100bn in next 5 years India, UAE, UAE-India trade Politics & Economics …
The POWER Interview: Abu Dhabi’s Plan for Renewable Energy in the UAE
The United Arab Emirates (UAE) is in the midst of an energy transition, moving away from its nearly exclusive use of natural gas-fired power generation to …
Reforms set to spur more corporate relocations, FDI flow to UAE
The UAE will attract a major share of $66 billion in potential FDI inflows into the Middle East, North Africa, and Pakistan in 2023 as global investors consider the …
Property market deals in Dubai records AED2.4bn on Monday
Monday’s deals included 532 sales transactions worth AED1.39 billion, 101 mortgage deals of AED710.22 million, and 12 gift deals amounting to AED363.74 million Property market deals in Dubai records …
UAE: 11 new IPOs with a total value of Dh8 billion in the pipeline
While speaking on the second day of the Mena IPO Summit held in Dubai, Mohamed Khalifa Al Hadari, deputy CEO of the Securities and Commodities Authority, said four free zones entities and two special …
Listing of 11 UAE companies to raise more than $2.18bn in 2023
The listing of 11 companies on the UAE capital markets this year will raise more than Dh8 billion ($2.18 billion), the deputy chief executive of the Securities and Commodities Authority has said. Four …
UAE has 11 IPOs worth $2.2bln in the pipeline – SCA
The UAE has 11 IPOs in the pipeline with a value exceeding AED 8 billion ($2.2 billion) after it saw its highest level of offerings by aggregate value in 2022 since 2008. Speaking at the inaugural …
Ministry of Finance explains corporate tax timelines
The UAE Ministry of Finance held a virtual session as part of its Corporate Tax Public Awareness Programme, with more than 800 business representatives, ta..
33% of the world is financially literate; the UAE scores 30.7%
About 3.5 billion adults worldwide lack an understanding of basic financial concepts; Global data shows that only 35% of men and 30% are women are financially literate; Dubai, UAE …
UAE: Manager of private firm jailed for defrauding 296 Emiratis under Nafis scheme
The UAE Public Prosecution has issued imprisonment orders against the owner and manager of a private company for duping 296 Emiratis. The accused took mone..
UAE gross banks’ assets ‘top $990bln by end-November 2022’
According to figures published in the Central Bank of the UAE (CBUAE) November summary report on monetary and banking developments, gross credit rose by 0.5% from around AED1.88 trillion at the end of …