Dubai Islamic Bank, Emirates NBD Capital, First Abu Dhabi Bank, KFH Capital, Saudi National Bank, Sharjah Islamic Bank, Standard Chartered and The Islamic Corporation for the Development of the …
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Saudi Arabian miner Al Masane Al Kobra set to raise up to 1.25 billion riyals in IPO
Saudi Arabia’s Al Masane Al Kobra Mining Co is set to raise up to 1.25 billion riyals ($333.18 million) in its initial public offering, after the company disclosed it indicative price range on …
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Emirates Development Bank and Dubai Islamic Bank team up to fund UAE SMEs
helping them have easier access to finance. “Emirates Development Bank is committed to supporting the UAE’s economic diversification strategy. To achieve this, one of the pivotal steps is to bridge …
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Dubai-owned B2B marketplace Tradeling is out to win the percentage game
Image Credit: Supplied Dubai: The Dubai Government backed B2B … and making it easier for buyers on the portal to tap trade finance, Tradeling wants to reshape the B2B space in favour of online …
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UAE – Mohammed bin Rashid receives credentials of new ambassadors
Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance, H.H. Lt. General Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Interior, H.H. Sheikh Ahmed bin …
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Mohammed bin Rashid, Mohamed bin Zayed discuss UAE’s future development plans
The meeting was attended by H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance.
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UAE: Reader needs a cheque book, but bank refuses to open a current account
It’s the bank’s sole discretion to approve all applications … Dear Reader, This section is about Living in UAE and essential information you cannot live without. Register to read and get …
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RAKBANK joins UAE Trade Finance Gateway
has teamed up with RAKBANK to boost SME financing through collaboration under the UAE Trade Finance Gateway, a digitised platform that helps exporters and re-exporters based in the country to obtain …
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New UAE app lets you know if a cheque is likely to bounce
A new app launched in the UAE allows both businesses and individuals to instantly know if a cheque issued through a UAE-based bank is likely to bounce. ChequeScore predicts the likelihood of a cheque …
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UAE Energy Firms Are Investing Billions In New Oil Operations
Several UAE energy firms are hoping to boost their oil output in the coming years, aiming to meet ongoing international demand as other world powers move away from fossil fuels to renewable …
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EDB chief Ahmed Al Naqbi wins accolade for banking transformation in UAE
Ahmed Al Naqbi, chief executive of Emirates Development Bank, has been ranked “Best CEO for Banking Transformation in the UAE for 2021” by Britain’s International Finance magazine.Mr Al Naqbi led the …
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Dubai’s DEWA May Boost Post-IPO Dividend Payout to $1.69 Billion
State-owned Dubai Electricity & Water Authority is considering tripling its annual dividend target to 6.2 billion dirhams ($1.69 billion) after listing in the first half of the year, people familiar …
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UAE: Reader complains against bank’s delay to process an Initial Public Offering refund
Bank resolved the issue after Gulf News’ intervention …
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‘Ahead of plan’: Contractor Kent progressing after SNC deal but IPO still some way off
Boss of Dubai-based services outfit says revenues this year set to be better than budgeted but public listing not likely until 2024 …
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Will the UAE Introduce Income Tax? Here’s the Answer
It seems that the United Arab Emirates won’t be introducing an income tax anytime soon, a senior official said in an interview with Bloomberg TV.
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No UAE income tax for now, minister says
The UAE will not introduce an income tax for the time being … Over the next few weeks, the Ministry of Finance is expected to announce more details clarifying how the corporate tax will be imposed.
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Is UAE planning to introduce income tax? Minister clarifies
The interview comes in the wake of the UAE’s introduction of corporate tax on business profits from June 1, 2023.
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