S&P Global Ratings, the global credit rating agency, confirmed that the total assets of the global Islamic finance sector continue on a path of rapid growth, pointing to the sector’s accelerated …
UAE corporate tax to bolster future economic sustainability: MoF
This new taxation framework, informed by extensive benchmarking and impact assessments, ensures public participation through a digital consultation phase …
UAE: SCA extends decision to exempt registration fees for green or sustainability-linked bonds or sukuk
The Securities and Commodities Authority (SCA) today decided to extend the exemption from registration fees for green or sustainability-linked bonds or sukuk.
Emirates Islamic becomes first Islamic bank in the region to introduce Fractional Sukuk for investors
Exclusive wealth management proposition offers investors accessibility to international Sukuk markets with a minimum investment of USD 25,000 …
Dubai records surge in off plan properties, Metahomes AI driven database dives deeper to provide real estate insights
Dubai’s real estate market continues to defy expectations … Another factor contributing to the off-plan market’s strength is the rising cost of mortgages. While rental yields have increased, the …
Spinneys’ Dubai IPO Set to Price at Top, Raising $375 Million
High-end supermarket chain Spinneys’ Dubai initial public offering is expected to price at the top of the range and raise 1.38 billion dirhams ($375 million), showing strong demand for a rare private …
WEE secures $10mln funding round, unveils IPO plans in MENA
It enables consumers in Dubai with the convenience of ordering goods … Meanwhile, WEE is exploring the possibility of an initial public offering (IPO) in the MENA region in line with its commitment …
Spinneys Holding PLC announces its intention to float on the Dubai Financial Market
Spinneys Holding plc today announced its intention to proceed with an initial public offering (IPO) and to list its ordinary shares … “Having begun our story in Dubai in the early 1960s, we are …
UAE: Adnoc is country’s most valuable brand, etisalat strongest in Middle East and globally
Oil giant Adnoc is the UAE’s most valuable brand while e& Group’s telecom vertical etisalat by e& is the strongest brand in the Middle East and globally, according to a new report by Brand Finance.Abu …
How Dubai’s Direct Debit is shaking up the system to save consumers from bulk payments
Ummair Butt is an entrepreneur who is willing to challenge the norm, shake up the age-old system and he is not afraid to fail. Conviction and persistence have defined the entrepreneurial journey of Mr …
Dubai: Tenants prefer online bank payments over cheques as rents rise
Tenants are increasingly requesting landlords to pay rent via online bank transfers rather than cheques. This facility is also offered by property owners to some of those new Dubai residents who have …
Dubai SME announces interest-free loans for businesses affected by severe weather
Mohammed Bin Rashid Establishment for Small and Medium Enterprises Development (Dubai SME), a subsidiary of the Dubai Department of Economy and Tourism (DET), has announced an initiative to support …
Dubai ranks first in the Arab World in 2024 Leading Maritime Cities report
Achievement defined by 5 key factors: shipping centres, maritime technology, ports and logistics, attractiveness and competitiveness, as well as financial and legal aspects Dubai also gains two …
Dubai plans to move its busy international airport to a $35 billion new facility within 10 years
Dubai International Airport, the world’s busiest for international travel, will move its operations to the city-state’s second, sprawling airfield in its southern desert reaches “within the next 10 …
Bank of Sharjah acts as Joint Lead Manager and Bookrunner in a US$ 300 Million Sukuk for Kuwait International Bank
Bank of Sharjah, one of the leading commercial banks in the UAE, reaffirms its commitment to expanding its presence in lo …
Dubai: Interest-free loans announced for some businesses hit by heavy rains
Interest-free loans could be granted to some small and medium-sized enterprises in Dubai that were hit by record rains last week, it was announced on Saturday.This new initiative for Emiratis was …
Dubai SME rolls out interest-free loans for businesses affected by severe weather
Furthermore, the new initiative provides interest-free business loans for material damages and postpones loan repayments for affected business owners who are members of Dubai SME. This contributes to …