The Criminal Court has convicted six expats, and two companies owned by one of the accused, for committing money laundering by conducting suspicious banking transactions …
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UAE GDP expected back at pre-Covid levels by 2023
Hydrocarbon sector production to be boosted from 2022 as Opec+ oil production limits are lifted and new gas production comes on stream …
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Du supplies Dubai Department of Finance with robotics platform
UAE operator Du said it will deliver a Robotics Platform as a Service (RPaaS) on Dubai Pulse to Dubai’s Department of Finance (DoF). Dubai Pulse is the next-generation digital operating system from …
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The New UAE Economic Substance Regulations
Background The European Union (EU) has a blacklist of countries that do not meet the EU’s criteria on tax transparency, fair taxation, and the implementation of measures to counteract base er …
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Gold Hubs Including UAE Pledge Support for Crackdown on Illegal Trade
Eleven gold trading hubs including the United Arab Emirates have declared their support for an initiative by the world’s most influential bullion market authority to improve regulation on issues such …
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There’s Another Pipeline for IPOs Beyond Wall Street. It’s Saudi Arabia. Really.
New public offerings in Saudi Arabia are fast-growing innovators in the consumer sector in a middle-income country of 34 million.
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UAE- Islamic spend to boom
Propelled by a vibrant Islamic banking sector, global Islamic finance assets are forecast to reach $3.69 trillion by 2024, according to 2020 Islamic Finance Development Report.
The report, …
New law to unify Dubai govt’s procurement processes
The new law — which will be effective from January 1, 2021 — aims to create a framework and set standards for regulating procurement …
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Executive Search Firm ZRG Expands Into UAE with Addition of Managing Director Tim Rotherham,
(GLOBE NEWSWIRE) — ZRG, the fastest-growing global executive search firm, today announced that it has hired Tim Rotherham as Managing Director and member of the firm’s Financial Services and Private …
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Bahrain, UAE Deep-Rooted Economic Cooperation to Continue
Finance and National Economy Minister, Shaikh Salman bin Khalifa Al Khalifa, has affirmed the continuity of the financial and economic cooperation betwe …
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Why Gulf Finance House’s stock is suddenly turning active
This week DFM closed higher by 5.26 per cent while ADX was in the black by 2.91 per cent. The top gainers this week are Damac Properties (21 per cent), Finance House (20 per cent), Emaar Properties …
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Customer experience rules are changing. Is the UAE adapting?
Does today’s need for digital transformation mean companies can relax or delay their focus on the customer experience (CX) until their teams and systems are in place? 80% of fin …
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First Abu Dhabi Bank: Strength in adversity
FAB’s status as a national champion means it is even better positioned after Covid-19 to facilitate regional growth.
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Emirates Islamic Becomes First Islamic Bank in UAE To Launch Its Award-Winning Mobile App on the Huawei Appgallery
HUAWEI AppGallery is the third largest mobile app marketplace globally. This new partnership with Emirates Islamic will enable the bank’s customers to access their accounts and cards from the …
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Global Islamic finance assets expected to reach $3.69 trillion in 2024
Global Islamic finance assets are expected to reach $3.69 trillion by 2024, states the 2020 Islamic Finance Development Report released on Wednesday. The report has been compiled by Refinitiv and the …
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UAE has best credit rating in region: Sheikh Mohammed
President and Prime Minister of the UAE and Ruler of Dubai, welcomed the AA2 rating of the federal government by the international rating agency Moody’s, declaring it as the highest sovereign rating …
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Moody’s assigns top rating to UAE with stable outlook for national economy
Sheikh Hamdan noted that this rating has proved beyond any doubt the solid foundations of the nation’s public finances.
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