UAE announces details of economic substance regulations
The Ministry of Finance, MoF, announced the details of the Cabinet Resolution No. (57) of 2020 concerning Economic Substance Regulations,…
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Israel's Harel reaches cooperation deal with Dubai Insurance
Israel's Harel Insurance Group said on Wednesday it signed a deal with Dubai Insurance Co to provide insurance services in…
ADNOC Distribution opens three new service stations in Dubai
ADNOC Distribution, the UAE’s leading fuel and convenience retailer, has opened three new service stations in Dubai, at Jafaliya, Nad…
UAE's GDP growth for 2020 to contract by 5.2% – Central Bank
The UAE economy is expected to face further contraction, with a decline in GDP of 5.2 percent in 2020 compared…
Central bank forecasts UAE GDP to contract 5.2 per cent in 2020
The UAE economy is expected to suffer a deeper contraction this year than originally estimated, with the Central Bank of…
Abu Dhabi climbs international rankings as a business events destination
The Emirate has celebrating two new significant business events-related achievements, after the Abu Dhabi Convention and Exhibition Bureau unveiled news…
DFM and Nasdaq Dubai highlight significant role of IR in strengthening listed companies' links with investors
Hassan Al Serkal: “Listed companies’ IR expansion is pivotal to attract further investments and increases their market value” Hamed Ali:…
Banks cannot charge fees on loan deferral says Central Bank of Bahrain
The Central Bank of Bahrain has clarified that no fees, except insurance, can be charged by lenders on the four-month…
Saudi's Arab National Bank CEO quits post after 15 years
The CEO of Saudi Arabia’s Arab National Bank has quit his post after more than 15 years with the company.…
Oman to target $3-$4bln with upcoming bond sale – sources
Oman plans to issue U.S. dollar-denominated bonds soon, targeting $3 billion to $4 billion with the deal, two sources said,…
Dubai real estate fund revamps biggest asset to boost occupancy
ENBD REIT, a Dubai-based sharia-compliant real estate investment trust run by Emirates NBD Asset Management, is set to refurbish a…
Network Int'l renews shared services agreement with Emirates NBD
Network International has agreed to extend its shared services agreement with Emirates NBD. The contract renewal will see Emirates…