UAE economy survived economic impact of COVID-19: IMF
The UAE economy has quickly survived the economic impact of the COVID-19, with near-term economic growth being strong, underpinned by…
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6 UAE firms fined $871,000 for anti-money laundering law violations
The UAE government has imposed fines worth 3.2 million UAE dirhams ($871,270) on six companies for violating anti-money laundering and…
KPMG: Consistent Growth to Continue for Saudi Arabia Banks
Audit, tax and advisory services provider KPMG says capital demand is expected to fuel a strong interim performance of Saudi…
MENA CEOs more bearish about 2023 than global peers
CEOs in the Middle East region are more negative about the macroeconomic outlook for 2023 than their European and American…
ADIB receives the e-Marketplace Champion Award from blockchain-powered e-Marketplace TradeAssets
Abu Dhabi Islamic Bank (ADIB), a leading Islamic financial institution has received the e-Marketplace Champion Award for its excellence in…
Gold steadies near one-week high on weaker dollar
Gold prices steadied near a one-week high on Wednesday, after rising more than 1% in the previous session as the…
Egypt’s real estate sector remains attractive to FDI – Fitch
Egypt’s real estate sector maintains its position as a cost-effective foreign direct investment (FDI) destination, the Middle East News Agency…
ROSHN signs land deals with Ajdan to develop 270 villas in Riyadh’s SEDRA project
Saudi Arabia's national developer ROSHN has signed a land purchase agreement with real estate firm Ajdan to develop over 270…
Oman: No VAT increase, no income tax in 2023
The government is neither planning to slap income tax in 2023 on high salaried individuals nor it will raise the…
Nearly 75% of UAE firms to hand out bonuses: new survey
Most companies in the UAE are expected to hand workers their bonuses for 2022, as business conditions improved and the…
Abu Dhabi's ADNOC to acquire 24.9% stake in Austria's OMV from Mubadala – sources
Abu Dhabi National Oil Company has agreed to acquire a 24.9% shareholding in Austrian oil and gas group OMV from…
AXA XL appoints Claudia Ingenhoven as Chief Financial Officer, Reinsurance
AXA XL Reinsurance has announced it will appoint Claudia Ingenhoven as Chief Financial Officer (CFO), Reinsurance effective 13 February 2023.…