UAE tax authority extends penalty revision scheme until December 2022
The grace period for UAE’s tax registrants to get their penalties for violating tax laws re-determined has been extended until…
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MENA equity capital markets raised $14.5bln in 2021 – Refinitiv
MENA equity capital markets (ECM) raised $14.5 billion from 42 offerings in 2021, a 193 percent increase in proceeds from…
Kuwait approves Credit Bank capital hike: Finance minister
Kuwait's government agreed with a housing parliamentary committee to increase the capital of Kuwait Credit Bank by 300 million dinars…
Abu Dhabi's Chimera closes second venture capital fund at $10bln
Abu Dhabi investment firm Chimera Capital said on Tuesday it closed its second venture capital (VC) fund at $10 billion,…
Barwa Real Estate to sell shares in Al Imtiaz Investment Group
Barwa Real Estate Company said yesterday that it intends to sell its shares in Al Imtiaz Investment Group Company, which…
Sovereign Fund of Egypt aims to double $1bn investment portfolio in 2022
The Sovereign Fund of Egypt aims to double its $1 billion investment portfolio this year with a focus on entering…
Standard Chartered to open 1st branch in Cairo next September: CBE
Gamal Negm, Deputy Governor of the Central Bank of Egypt (CBE), stated on Monday that the British bank Standard Chartered…
Kuwait's parliament approves Credit Bank capital hike
Kuwait's parliament on Tuesday unanimously approved a legislative amendment to increase by 300 million dinars ($993.31 million) the capital of…
National Bank of Fujairah PJSC 2021 net profit surges 124.2%
Strong capital adequacy, ample liquidity and sound improvement in asset quality enabled enhanced returns and strong recovery NBF has announced…
Bahrain's CoinMENA obtains second cryptocurrency license from European Union paving the way for expansion to new jurisdictions
Bahrain-headquartered onshore crypto assets exchange, CoinMENA Holding LTD, has obtained a second cryptocurrency license from the European Union. CoinMENA…
Crypto platform Rain secures in-principle approval for FSP from UAE's ADGB
Cryptocurrency platform Rain has received in-principle approval for financial services permission (FSP) from Abu Dhabi Global Market (ADGB), which if…
Al Rajhi Bank Malaysia Selects Thought Machine to Build a State-Of-The-Art Islamic Digital Bank
Al Rajhi Bank Malaysia (ARBM), a wholly-owned subsidiary of the world's largest Islamic bank by assets, Al Rajhi Bank of…