Online registration for Value Added Tax (VAT) is now open in the UAE ahead of the tax’s introduction in January 1, 2018, according to the UAE Federal Tax Authority (FTA). Accessible through the FTA’s website, the service will facilitate registration …
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Dubai International Financial Centre Promotes Innovation and Smart Finance at Gitex Technology Week 2017
Dubai International Financial Centre (DIFC), the leading financial hub in the Middle East, Africa, and South Asia region (MEASA), today marked its first participation in the annual GITEX Technology Week, in collaboration with Smart Dubai. Participation …
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UAE banking sector outlook to remain stable, says Moody’s
Moody’s Investors Service has maintained its outlook for the UAE’s banking sector at stable, with faster economic growth in 2018 expected to support the credit growth in 2018. According to Moody’s analyst Mik Kabeya, credit growth of approximately …
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Money raised in European IPOs more than doubles in the third quarter
London’s largest IPO, of Russian gold maker Polyus … as it followed the second-quarter IPOs of Dubai’s Ades International and Turkey’s DP Eurasia and Global Ports Holding. “Looking ahead, the pipeline looks promising for London IPOs, which includes …
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UAE banking sector profitability to improve in 2018
Abu Dhabi: The UAE banking sector has continued to top other GCC (Gulf Cooperation Council) counterparts in terms of assets value in the first half of 2017, with a total value of $723 billion in 48 banks operating in the country, a growth rate of 1.7 per …
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Israel, UAE Have History of Secret Arms Deals
Israeli and UAE businessmen have allegedly brokered secret arms agreements, an investigation in Israel has revealed. Israeli businessman Metai Kokhafi was allegedly responsible for brokering arms deals with his Emirati counterparts, according to a report …
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Emirates financial performance so far this year ‘a lot better’
Dubai: Emirates airline said its financial performance in the first six months of this year was “a lot better” than that at the same time in 2016 when it recorded a 75 per cent drop in net profit. Speaking to reporters at a conference in Dubai on …
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Select Harvests to reject UAE takeover bid
Select Harvests has batted away a $430.6 million takeover proposal by an Abu Dhabi-based sovereign wealth fund, saying it significantly undervalues the Australian almond farmer. The ASX-listed firm said on Monday it was the target of a $5.85 cash per share …
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BRIEF-Moody’s maintains stable outlook on UAE’s banking system
* Moody’s on UAE banking says loan performance will soften modestly following sluggish economic growth this year * Moody‘s-Kept outlook for UAE’s banking system at stable reflecting economic resilience, strong capitalisation, stable funding and …
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UAE banks top GCC with $723 billion in assets
ABU DHABI: The UAE banking system has been ranked the top banking sector in the Gulf region in terms of assets in the first half of 2017, while the total assets of the 48 banks operating in the country reached $723 billion (Dhs2.66 trillion) for the year 2016.
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Liverpool takeover bid: Club valued at £1billion as financier begins talks
The 44-year-old was involved with Dubai investors in takeover attempts in 2007 which … of takeover speculation throughout the summer as pressure grows on London hedge fund owners Sisu to put the club up for sale. A series of bids from a consortium …
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UAE banks continue to top GCC with $723b worth of assets
Abu Dhabi: The UAE banking sector has continued to top other GCC (Gulf Cooperative Council) counterparts in terms of assets value in the first half of 2017, with a total value of $723 billion in 48 banks operating in the country, a growth rate of 1.7 per …
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Dubai Economy to bring latest e-services and apps to GITEX
real time response based on the latest information available on the Dubai Economy data bank. The Commercial Compliance & Consumer Protection sector will display its ‘IP Gateway’ and ‘Maydani’ initiatives. IP Gateway allows trademark owners anywhere …
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Dubai property database will allow tenants to rent without cheques
Later stages will see the technology used in banking, mortgages, utilities, maintenance and other areas. “As the system simplifies people’s lives by using an integrated system, we are working directly with Smart Dubai to provide our customers with …
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Commercial Bank of Dubai appoints Chief Operating Officer
In his previous role, Kumar was the Chief Operating Officer at Qatar Islamic Bank in Doha. With over 25 years banking experience, he spearheaded transformational projects at several MENA-based banks, along with serving in several senior roles at the …
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UAE–Japan SME Platform inaugurated in UAE
financial services, health care, and education. He pointed out that SMEs form the backbone of the UAE’s economy, as it generates job opportunities, promotes competition, creates new industries, and drives sustainable economic growth. He pointed out that …
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Finance / Operations Manager – Dubai Jobs
Drive performance measures for the operations (efficiency & productivity), in the form of dashboards convenient for review of high level key indicators. Responsible for developing strategies, to solve critical business operational challenges, to …
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