The VAT landscape is evolving within the GCC, and therefore, there is a need for a solution that offers agility to respond to these changing regulatory requirements.
Nanda Kumar, founder and …
Digitisation wave set to continue in UAE banking
Covid-19 and the resulting lockdowns and social distancing measures have spurred rapid adoption of digital banking — a trend that is expected to continue as new technologies and products improve …
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Investment banks stick with Gulf despite falling fees
Fees are falling, oil prices are low and the region’s economies are under threat. But top global investment banks say they have no intention of pulling back from the Gulf. Regional fees from M&A, …
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UAE approves 100% ownership of expatriate businesses
The UAE has brought major amendments, which will allow entrepreneurs and foreign investors to own their businesses without a national sponsor. The UAE’s President His Highness Sheikh Khalifa …
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Commercial Bank of Dubai wins big at MEA Finance Awards 2020
Commercial Bank of Dubai, one of the leading banks in the UAE, has won the “Best Commercial Bank” award and “Best Digital Transformation” award at the MEA Finance 2020 Awards. The award was received …
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Helping break down barriers for female entrepreneurs in the UAE
Partnership between NAMA Women Advancement Establishment and UN Women set to survey 1,000 female entrepreneurs and potential entrepreneurs over the next three months …
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The Growth of Shariah Compliant Funds to be addressed at GAIM
The three day conference will deal with key issues such as the structuring of Islamic Hedge Funds, the importance … while the official event partner is Dubai International Financial Centre.
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Mashreq attains “Market Leader” position in the UAE in the Euromoney Cash Management Survey 2020
Mashreq was recognized for its dedication and investments into designing, deploying and operating future-ready and innovative digital technologies particularly in the cash management space …
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UAE banks waive $236.8mln debts of 1,607 Emiratis
ABU DHABI – The Non-performing Debt Relief Fund announced on Monday that 12 banks had waived the debts of 1,607 Emirati citizens, with a total value of more than AED869.85 million. The banks that …
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UAE announces debt exemption worth Dhs869.85m for 1,607 Emiratis
Commercial Bank of Dubai, Dubai Islamic Bank, Emirates Islamic, NBQ, and the Arab Bank for Investment & Foreign Trade (Al Masraf). The move was implemented as per the directives of President His …
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Emirates NBD Debuts Omnichannel Corporate Banking Program
Digital banking firm Emirates National Bank Dubai (Emirates NBD) has rolled out its new businessONLINE platform, a new omnichannel platform for small businesses, a report from NSBanking.com says. The …
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UAE, Saudi Arabia progress with common digital currency for central banks
During the trial period, the Wholesale CBDC was only used by the central banks and banks participating in the initiative as a settlement unit for domestic as well as cross-border commercial bank …
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Saudi Arabia Inches Closer to Officially Launch Digital Currency with UAE
Saudi Central Bank (SAMA), in partnership with the Central Bank of the UAE, released a report on central bank digital currency (CBDC) pilot.
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Islamic banks urged to push digital services as UAE demand dips
New Index reveals small reduction in the overall penetration and intention of Islamic banking products in the UAE …
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Panther Tyres goes for listing
The IPOs had lined up for listing before the 2017 debacle after which the risky stakes in stocks went out of favour, forcing the corporates to put their plans of going public on hold. In the absence …
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Business education as a pillar for UAE-Israel relations
The accord itself lists no less than fifteen spheres of mutual interest, including finance, energy, and education.
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Islamic banking gains prominence in the UAE
Penetration of Islamic banking products on the rise among UAE customers Dubai: Islamic banking is gaining traction in the UAE in terms of progress, penetration and perception according to the …
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