Deutsche Bank hires Credit Suisse trio to woo Saudi ultra-rich
Deutsche Bank has poached three wealth managers from Credit Suisse Group in pursuit of ultra-rich clients in Saudi Arabia as…
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Forbes Middle East Reveals MENA's Most Powerful Businesswomen
Forbes Middle East has unveiled its annual list of the region’s Most Powerful Businesswomen, ranking the region's most innovative and…
UAE unveils 9% corporate tax
The UAE Ministry of Finance will introduce a federal corporate tax on business profits, effective from 1 June 2023. Businesses…
Saudi Arabia is set to continue championing fintech VC investments, companies say
Saudi Arabia’s move to encourage financial intermediaries to invest in the private sector is expected to boost the Kingdom’s fintech…
RAKBANK profit rises to $206mln in 2021
RAKBANK’s profits were up by 50 percent in 2021, increasing to AED 758.3 million ($206 million) from AED 505.4 million…
Saudi Arabia to develop cooperation in digital economy with Bahrain, Finland
Saudi Arabia's Minister of Communications and Information Technology Abdullah Al-Swaha on Tuesday held talks with Kamal Ahmed, the Bahraini minister…
Dubai Investments firm net profit grew by 78% to $168m
Dubai Investments, a diversified investment firm, has reported a significant increase in profits for 2021, buoyed by strong business performance.…
Saudi Arabia is set to continue championing fintech VC investments, companies say
Saudi Arabia’s move to encourage financial intermediaries to invest in the private sector is expected to boost the Kingdom’s fintech…
Why employees will continue to pay no income tax in the UAE
The UAE has long been a favourite destination for foreign workers, attracted by the country’s tax-free salaries and lower cost…
Dubai Financial Market net profits down to $28mln for 2021
Dubai Financial Market (DFM) has announced that its profits in 2021 fell to AED 103.8 million ($28 million) from AED…
Aldar completes first investment in Ras Al Khaimah
Acquisition of Al Hamra Mall in Ras Al Khaimah for AED 410 million, with additional development rights Significant transformation opportunity…
CBUAE launches new general terms and conditions for its standing credit and liquidity insurance facilities
As part of its Dirham Monetary Framework implementation plan, the Central Bank of the UAE (CBUAE) will introduce new general…