The 2000-rupee note will remain legal tender, but citizens have been notified to deposit or exchange these notes
Buyers will need to evaluate the tax status of the target company or target assets and consider whether any restructuring is required to optimise tax efficiency
According to a survey conducted by UAE Banks Federation, the county ranked second globally in terms of customer confidence in banks at 84 per cent in 2022
Here’s how to ensure your SME is set to deal with the advent of UAE’s corporate tax from June
The company deployed Dhs107bn in industries such as life sciences, renewable energy and digital infrastructure
The CBUAE update showed a year-on-year growth of 15.2 per cent over the same period last year
The revised bid from Oman’s Bank Dhofar comes a day after Omnivest said it would lead a consortium that will make an offer for Ahli Bank
The initiative is designed based on the results of an opinion poll and proposals fielded by the authority through its direct communication with customers
Proceeds of the sukuk will be used in accordance with Aldar’s Green Finance Framework to finance green initiatives and acquisitions
The Gulf state is considering the plan on the hopes that more trading would raise investment returns, reduce costs and help with diversification
The company’s EEMEA president shares how the company is contributing to the digital economy and serving communities
Latest data from the central bank shows that gross credit surged by 1.2 per cent to Dhs1.89tn in February from 1.87tn a month earlier, driven by a 1.6 per cent increase in domestic credit
The company expects the final offer price to be announced on May 26, after the book-building process
Moody’s Investor Services affirmed Saudi Real Estate Refinance Company’s ‘A2’ long-term issuer ratings and upgraded its outlooks to ‘positive’
The company plans to use the net proceeds from the share sale to strengthen its capital base to support future growth
The authority explained that early corporate tax registration will allow enough time for companies and businesses to comply with their legal obligations
The partnership will enable both organisations to pool their resources and capabilities to offer SMEs a more comprehensive suite of solutions and service
The emirate ranked first in attracting FDI projects into sectors such as tourism, business services, financial services, transport and warehousing, consumer products, and software and IT services
The four-day event attracted 4,452 participants from 90 countries as well as 89 organisations working in the field of sustainable development
The committed resources for the fund are aimed at supporting 32 member countries of the bank to achieve 10 of the 17 Sustainable Development Goals
The performance is attributed to a strong increase in exchange income from bank notes, pre-paid cards products, operating leverage and rise in transactions through digital channels
The company achieved a robust revenue increase of 50 per cent versus Q1 2022, reaching Dhs15.7bn during Q1 2023
The T-Sukuk auction will be followed by a listing on Nasdaq Dubai to promote secondary market trading along with primary dealers
The bank is now two years into an ambitious five-year strategy aimed at empowering SMEs and large corporates in five priority sectors
The bureau will enable the DIFC Innovation Hub community to tap into new data sets to boost fintech development in the UAE market
New customers who apply for a credit card through the bank’s app will also enjoy a host of benefits, including cashback up to Dhs1,000
The joint initiative aims to encourage national talent, drive innovation and entrepreneurial growth
The share sale comes just a few months after state-owned ADNOC raised $2.5bn in the listing of its gas business
With clear ethical frameworks and accountability in place, businesses can have the confidence that they are acting morally and ensure trust is maintained by protecting their data
The UAE Cabinet’s resolution has expanded ADGM’s jurisdiction to Al Reem island in addition to Al Maryah island