BERLIN: The UAE’s president-designate of the COP28 climate summit urged donors to deliver on a $100 billion pledge promised 14 years ago to developing countries and blamed delays in delivery for …
Reem Finance records impressive AED 34.1mln net profit in Fiscal Year 2022
Reem Finance embarked discussions with key regulators and strategic partners in the UAE to strengthen our pioneer position in the finance sector.
UAE-based Logistics Giant, DP World Appoints VP of Engineering in a Purple Quarter-led Search
Leading provider of worldwide smart end-to-end supply chain logistics, DP World has onboarded Ex-Amazon Techie, Sangam Reddy as the Vice President of Engineering. Purple Quarter, a Global Bespoke CTO …
HSBC UAE strengthens its senior leadership with new appointments
IBS Intelligence (IBSi) is the world’s only pure-play Financial Technology focused research, advisory, and fintech news analysis firm, with a 30-year track record and clients globally. We take pride …
Dubai: 2 men convicted of buying, possessing heroin; banned from making any bank transfers for two years
The Misdemeanours Court penalised two Gulf nationals who transferred money to a bank account belonging to a drug dealer to buy heroin and fined them Dh10,0..
Exports to UAE to jump 60% to reach $50 billion by 2027: Commerce Secretary
A lot of the trade between the two countries is taking place via preferential routes using the Comprehensive Economic Partnership Agreement (CEPA) between the two countries, Union Commerce Secretary …
Corporate tax to help cut UAE’s fiscal breakeven oil price
Under the corporate tax regime, several businesses in the UAE, excluding small firms that don’t meet the income threshold of Dh375,000 per annum, are expected to pay a corporate tax of 9.0 per cent …
UAE: 3 deadlines that will go into effect for companies, employees next month
Since the start of 2023, several initiatives have gone into effect in the UAE, including new Emiratisation rules and a ban on plastics in Ajman and Umm Al ..
UAE Banks Federation approves strategic plan to boost banking sector
The plan will see 5,000 UAE nationals employed in the banking and financial sector by 2026 The UAE Banks Federation (UBF) recently held its annual general meeting (AGM), chaired by Abdulaziz Al …
Arab Bank Group Profits Grow By 30% To $216 Million For The First Quarter Of 2023
Arab Bank Group Profits Grow by 30% to $216 Million for the First Quarter of 2023 . Dubai, UAE, 30th April 2023: Arab Bank Group reported solid results …
UAE leads GCC markets with IPO proceeds of $3.2 billion in first quarter
Issuers in the UAE led the Gulf markets with proceeds of $3.2 billion from three initial public offerings in the first quarter of 2023, more than doubling in value year-on-year, reflecting the …
UAE leads GCC region raising $3.2bn from 3 IPOs in Q1 2023
GCC initial public offerings (IPOs) raised a total of $3.5 billion through 12 offerings in Q1 2023, marking a y-o-y decline in value of 25%, as UAE led the region raising $3.2 billion from 3 offerings …
UAE’s 1 Billion Meals: New board to invest assets, ensure highest returns to feed the hungry
Sheikh Mohammed announces body that will create ‘modern investment strategy’ to provide food safety net for millions around the world …
UAE stock market gains Dh106b in April
The UAE’s stock market gained more AED 106 billion ($28.8 billion) in April, according to the Emirates News Agency (WAM). Driven by the performance of leading stocks and new listings such as Ansari …
UAE participates in Joint Annual Meeting of Arab Financial Institutions
Mohamed Hadi Al Hussaini, Minister of State for Financial Affairs, led the UAE delegation participating in the Joint Annual Meeting of Arab Financial Institutions held in Rabat, Morocco.The meetings …
UAE tax laws; Eid Al Adha holidays, Dubai petrol prices, 3-day weekend, new speed limit – 10 things you missed this week
The Ministry of Finance unveiled a new decision by the UAE Cabinet new relating to Qualifying Public Benefit Entities. It is designed to ensure that organisations operating for the wider public …
Dubai Financial Market profits up 30% in 2023
Dubai Finan cial Market (DFM) announced a 30 per cent increase in net profit to AED35.6m, compared to AED27.5m during the corresponding period of 2022. DFM’s total consolidated revenue has increased …