Qatar lender to sell stake in UAE’s UAB to Tabarak

Abu Dhabi, Dubai: Commercial Bank, Qatar’s third largest bank by assets, has agreed, in principle, to sell its 40 per cent stake in Abu Dhabi-listed United Arab Bank to United Arab Emirates-based Tabarak Investment, sources told Reuters on Tuesday. ( read original story ...)

UAE bourses stay sluggish amid select buying

The Dubai Financial Market General Index closed 0.84 per cent lower at 3,270.34. Traded value was at Dh233 million. “Trading volumes remained modest on UAE financial market on new catalysts, especially after Al Waha Capital proposed lower than expected ... ( read original story ...)

UAE firms prepare to file the first VAT return

During the first 100 days of VAT in the UAE, organisations have to navigate various complexities in order to ensure they have a compliant reporting process embedded in the business, said experts at a recent event in Abu Dhabi. Business leaders from the UAE ... ( read original story ...)

Dubai wealth fund said to seek $1bn loan

The loan was priced at a spread of 215 basis points over benchmark rates. HSBC Holdings, Citigroup, Standard Chartered, Emirates NBD and Dubai Islamic Bank were among lenders that provided the original loan. ( read original story ...)

Nasdaq Dubai launches futures on ADX to attract investors

The index provides a benchmark of the overall performance of the ADX market which is the second largest in the GCC by market capitalisation and includes First Abu Dhabi Bank, Eshraq Properties ... latest expansion of Nasdaq Dubai’s futures market ... ( read original story ...)