UAE bank investments hit record high of Dhs541bn in February
Bank investments in the UAE hit Dhs541bn at the close of February, the highest level in the country’s history, according…
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Saudi Aramco promotes upstream, downstream heads to new president roles
Saudi Arabia’s state oil producer promoted the heads of its upstream and downstream businesses, which manage crude and natural gas…
Corporate Tax: At Dh1m, UAE ensures sizeable upper limit for individuals in business unlike VAT's Dh375,000
Single-person businesses or those operating as a small enterprise in the UAE will have much to be relieved about their…
Top 5 risks of investing in Dubai and how to avoid them
Realiste, the pioneering AI proptech company in the UAE, has identified the top five risks of investing in Dubai's real…
Egypt's central bank leaves key interest rates on hold
Egypt's central bank kept its overnight interest rates unchanged on Thursday, saying that growth had slowed in the fourth quarter…
Abu Dhabi's ADQ hires KPMG partner as portfolio investments director – sources
Abu Dhabi state holding company ADQ has hired Jawad Shafique, formerly KPMG's partner for deal advisory in the lower Gulf,…
National Bank of Fujairah takes home two MEA Finance Banking Technology Awards 2023
National Bank of Fujairah has won two awards at the prestigious MEA Finance Banking Technology Awards 2023, including “Best Innovation…
Islamic banking growth outpaces conventional banks in the UAE
Islamic banking growth in the UAE outpaced that of conventional banks last year on the back of growing investor demand…
20% reduction in nitrogen oxide emissions in UAE: Study
A study conducted by the Ministry of Climate Change and Environment (MOCCAE), in collaboration with entities involved in power generation…
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…
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…