Tag: ipo

Good news for the UAE: No value-added tax (VAT) increases for upcoming 5 years. UAE Minister of State for Financial Affairs Obaid Al Tayer said at the Arab Fiscal Forum the government has no plans to raise the rate of VAT or excise tax in the near future. ( read original story ...)

A multi-billion pound vision for an archipelago of 'countries' in Dubai with artificial, celebrity-owned fantasy islands has been resurrected - ten years after it was abandoned due to the financial crash. The World, a 300-island chain laid out in the shape ... ( read original story ...)

Companies that missed the deadline have been reported to the SCA A total of 50 Emirati companies listed on the DFM have disclosed their preliminary results, while 11 listed foreign firms have posted their results, out of a total of 15, the Dubai-based ... ( read original story ...)

DUBAI (Reuters) - Saudi Arabia’s central bank has signed a deal with U.S.-based Ripple to help banks in the kingdom settle payments using blockchain software, as Gulf regulators begin to explore new forms of financial technology. The pilot program is the ... ( read original story ...)

UAE’s Mashreq Bank has partnered with Blue Prism to increase productivity, improve customer experiences and deliver new services through an integrated AI solution. The Digital Workforce platform will automate dozens of the bank’s processes across ... ( read original story ...)

One day in August 1995 a man called Foutanga Babani Sissoko walked into the head office of the Dubai Islamic Bank and asked for a loan to buy a car. The manager agreed, and Sissoko invited him home for dinner. It was the prelude, writes the BBC's Brigitte ... ( read original story ...)

The regulator of Abu Dhabi's international financial centre said it could create rules for exchanges handling virtual currencies, in a sign that authorities in the United Arab Emirates may allow trade in cryptocurrencies such as bitcoin to develop. ( read original story ...)

has said it plans to expand its capital markets business in the Middle East following a return to profit for the investment bank. Shuaa Capital is assessing potential acquisitions in Egypt’s financial services industry as the Dubai-based firm seeks to ... ( read original story ...)

The licence was issued by the Dubai Multi Commodities Centre (DMCC) under a new regulatory framework it revealed back in November last year, and it allows companies such as Regal RA to buy, sell and store a range of cryptocurrencies such as Bitcoin ... ( read original story ...)

Emirates NBD today announced its position as the UAE’s most valuable banking brand with a US$3.534 billion brand valuation in The Banker’s annual brand valuation league table. The bank also secured a spot among the top 100 global banking brands, coming ... ( read original story ...)