Pandemic prompts 'thousands of expats' to bid goodbye to Dubai
Thousands of British expatriates in the UAE have been rendered jobless by the impact of the covid-19 lockdown on the…
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Arab Monetary Fund prepares launch of international immediate payment service
The Arab Monetary Fund (AMF) is preparing to launch an international immediate payment service, as part of its cooperation with…
TheCase: Calculating the new VAT in Saudi Arabia
Activation of the new VAT — with value-added tax on goods and services to increase from 5 percent to 15…
Dentons advises syndicate of banks on US$166 million lease financing of six vessels for Tristar
Dentons Abu Dhabi and Dentons London have advised a syndicate of banks (comprised of Senior Facility Agent & Security Trustee…
Gulf economies to shrink by 7.6% this year, says IMF
Gulf Cooperation Council (GCC) countries will see their economies shrink by 7.6 percent this year, an International Monetary Fund (IMF)…
QIIB launches salary cards to pay workers’ salaries
Within the framework of its integrated corporate solutions, QIIB announced the launch of its latest corporate solution- the salary card…
Lebanon’s real estate sector booming despite financial crisis
Like most Lebanese expatriates who keep their life savings in their home country, Elias, a sales manager in Dubai, panicked…
Dubai Islamic Bank lists $300m sukuk on Nasdaq Dubai
Dubai Islamic Bank, the largest Islamic bank in the UAE, listed a $300m sukuk on the Nasdaq Dubai exchange on…
Islamic finance sector needs to unlock its long-term potential
The Covid-19 pandemic has caused significant disruption to the global economy and financial markets, including the global Islamic finance industry.…
FEB refutes rumors of Egyptian banks funding GERD
Federation of Egyptian Banks dismissed Tuesday all circulating news on social media regarding the funding of the Grand Ethiopian Renaissance…
GTA launches new tax portal; companies required to register on ‘Dhareeba’
The General Tax Authority has launched the first phase of the new online tax paying system called, “Dhareeba”. All…
Dubai GDP records 3.5% decline in first three months
Dubai’s GDP (gross domestic product) recorded a 3.5 per cent dip in the first three months of the year, just…