GCC economies to grow at slower pace on lower energy income, global conditions: World Bank
The GCC economies will grow at a slower pace in 2023 compared to the previous year weighed by lower earnings…
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CBUAE says gross banks’ assets reached Dhs3.74tn in February
The Central Bank of the UAE said gross banks’ assets, including bankers’ acceptances, increased by 2.2 per cent, from Dhs3.66tn…
Aldar Investment properties issues USD 500mln 10-year inaugural green sukuk
Proceeds of the sukuk will be used in accordance with Aldar’s Green Finance Framework to finance green initiatives and acquisitions…
All you need to know about mandatory UAE Unemployment Insurance Scheme
With June 30 deadline round the corner for UAE employees to subscribe to the country’s mandatory Unemployment Insurance Scheme, the…
UAE banks see improvement in customer satisfaction, says new KPMG study
UAE banks have seen an improvement in customer satisfaction, according to a new study conducted by KPMG and DataEQ. …
Funding for US startups plunge 51% amid economic concerns
The value of venture capital (VC) deals in the US fell 51% year-on-year (YoY) in the first four months of…
UAE announces key tax rule update for resident, non-resident entrepreneurs
The UAE Ministry of Finance has updated corporate tax rules for resident and non-resident individuals undertaking a business or business…
Businesses prioritize unification and automation of cybersecurity estates
Organizations across the Middle East have realized that investing in multiple security tools without any integration leads to an ineffective…
Oman's Ahli Bank mulls offer from Ominvest to acquire entire share capital
Oman's Ahli Bank is considering a letter of intent it received from Oman International Development & Investment S.A.O.G (Ominvest), to…
Nationalisation of jobs strategic priority: HSBC Qatar
HSBC has been progressing its Qatar Nationalisation strategy by leveraging the bank’s unique employee value proposition to attract and retain…
Masdar signs sustainable aviation fuel development agreement with Airbus
Abu Dhabi-based clean energy company Masdar has signed an agreement with European plane maker Airbus to support the development and…
UAE Central Bank imposes sanctions on 8 banks
The Central Bank of the UAE imposed administrative sanctions on eight banks operating in the country following their failure to…