07/13/2020
Dubai announces new economic stimulus package worth Dhs1.5 billion
The government has launched many initiatives to support business sectors across the economy.
07/13/2020
The government has launched many initiatives to support business sectors across the economy.
07/13/2020
Sheikh Sabah, business partner were arrested in connection with Malaysian corruption case
07/13/2020
The provision, which envisages 20% of the bank's annual profit to be reserved as a reserve fund, has been repealed, the same decree said.
07/13/2020
The government said it had frozen the assets of dozens of companies and businessmen on suspected tax evasion charges.
07/12/2020
But increases in cost in such offshore investment hubs will need a close watch
07/12/2020
Issuance of $750m AT1 capital increases ENBD’s Tier 1 capital ratio to 17.5 per cent
07/10/2020
UAE officials and regulators reportedly aware it is used as ‘conduit for illicit financial transactions’
07/10/2020
The Assistant Undersecretary of Labor Affairs affirmed that the State of Qatar will continue its cooperation and joint work to achieve recovery and provide all assistance to tackle the economic repercussions of the crisis in order to secure and stabilize
07/10/2020
Users can top up their digital wallets on uPay’s self-service kiosks in the UAE
07/10/2020
GIB's IDRs are driven by its 'BBB+' SRF, which reflects Fitch's view of a high probability of support for the bank, if needed, from the Saudi authorities
07/10/2020
This may mean that firms currently authorised and regulated by the IA and SCA will need to reapply for licences under the new regulatory framework, although it is unclear at this stage what the licensing framework will look like.
07/10/2020
This strategic alliance enhances Saudi Payments’ strategy to grow the number of options available in the Kingdom’s digital payment environment providing more choices to consumers.
07/10/2020
The Central Bank of the UAE has said that the support provided to non-profit organisations is expected to increase in 2020
07/09/2020
Externally, investors fled riskier assets like emerging markets during the height of the coronavirus pandemic.
07/09/2020
DIFC won't be extending the Presidential Directive beyond the emergency period
07/09/2020
The total number of shareholders registered by QCSD reached 387,769, while shareholders with bank accounts were 57,078.
07/09/2020
FAB’s collaboration with MoHRE is the latest in a series of partnerships within the bank’s objective to drive more digital solutions across the UAE and wider region.
07/08/2020
Important sectors of the UAE economy have reached a near standstill over the past few months because of virus containment measures while others, such as real estate, have been sluggish for years.
07/08/2020
It approved procedures for amendments in boards of directors of OIA’s affiliated companies, besides endorsing a set of decisions pertaining to OIA’s governance measures.
07/08/2020
Despite this glimmer of optimism, total issuance volume for the full year2020 will be lower than in 2019 since corporates are holding on to cash, cutting capital expenditure, and using bank financing.