Purchases of Dubai real estate by Russian investors have started to slow Bloomberg reports citing top brokers Read Full Article at RTcom …
UAE’s e& to pay $1.55bln in royalty and corporate tax; Du to also pay $490mln
under the new royalty regime outlined by the UAE Ministry of Finance. Corporate tax will correspond to 9% of profit after royalty as per corporate tax law. The aggregate amount of royalty and …
Dubai Investments acquires additional 7.68% stake in UK’s Monument Bank
Dubai Investments, an investment company listed on the Dubai Financial Market (DFM), has acquired an additional 7.68% equity stake in the UK-based digital bank, Monument Bank Limited.
UAE central bank to penalize unlicensed virtual asset service providers
Within the new document, the central bank also noted that VASPs operating in the UAE without a valid license will be subjected to “civil and criminal penalties including, but not limited to, financial …
Dubai: Dutco and Ellington Properties reveal ‘One River Point’ at Business Bay
The project is part of a collaborative strategy to expand and build kpremium residential developments. Dubai: Dutco and Ellington Properties reveal ‘One River Point’ at Business Bay. business bay, …
UAE AI company Presight clears Dh1b in nine-month revenues; stock is up 80% year-to-date
The stock is down 21 per cent year-to-date. In recent months, there’s been active talk about more tech companies joining in the UAE IPO wave. With AI and digital becoming such an integral part of …
Saudi Arabia dominates MENA IPO activity in Q3, raises $330mln from 5 listings: EY
Saudi Arabia continued to dominate initial public offering (IPO) activity in the MENA region, listing five of the six companies in Q3 2023 and raising $330 million, EY said in its latest MENA IPO …
Dubai-listed Emirates Investment Bank Q3 2023 profit surges to $6.8mln
Dubai-based Emirates Investment Bank has seen its third-quarter income surge by five times compared to a year earlier. Profit attributable to equity holders stood at AED25 million ($6.8 million) …
Dubai: Salik CEO slams fake posts about investment opportunities with toll gate operator
Investors have been advised to obtain information from official sources when investing in Dubai’s toll gate operator Salik Company, its chief executive said in an interview with .Various fake posts …
Dubai: Are new Salik gates being planned to manage increasing traffic?
There is a need for new Salik gates from a traffic management perspective as the toll gates play a major role in the management of the city’s traffic, Ibrahim Al Haddad, CEO of Salik Company, told …
Which UAE jobs received the biggest salary increases in 2023?
UAE salaries for professional services roles increased by an average of 2 per cent in 2023 as an influx of talent to the region and more competition for roles shifted the market in favour of employers …
Positive outlook for MENA IPOs going into 2024, reveals EY report
A new report from consultancy firm EY reflects a positive outlook for the Middle East and Africa (MENA) IPO market in Q4 and 2024. According to the EY MENA IPO Eye Q3 2023 report, MENA markets saw six …
Dubai’s ascent to fintech, Web3 and AI dominance
While Hong Kong and Singapore compete for the top spot, Dubai is already shaping the future of fintech and Web3, writes Mohammad Alblooshi, chief executive officer of the DIFC Innovation Hub.
BIT2023: Banking, fintech co-create larger ecosystem, build strong foundation
Get ready to be acquainted with the Who’s who of banking and fintech fraternity of the UAE over two consecutive days next week on November15 and November 16. Khaleej Times is all set to bring in the …
Hedge & Sachs demonstrates resolute global commitment to AIF regulations
Hedge & Sachs maintains a unique position to assist investors in navigating the intricate regulatory web within the dynamic AIF landscape. The firm’s tailored investment strategies empower clients to …
For a sustainable future: Dubai Islamic Bank empowers youth financial literacy
DIB’s commitment to empowering the youth in the field of finance is underscored by this groundbreaking event, which is the first of its kind …
Dubai Approves General Budget for 24/26 Fiscal Cycle with $67 Bn in Expenditures
UAE Vice President and Prime Minister and Dubai Ruler Sheikh Mohammed bin Rashid Al Maktoum, approved Dubai’s general budget for the fiscal cycle of 2024-2026, with total expenditures of $67.1 billion …