All Articles

Regulation, Risk & Compliance

UAE Central Bank launches new general terms and conditions for standing credit and liquidity insurance

February 2, 2022

As part of its Dirham Monetary Framework implementation plan, the Central Bank of the UAE (CBUAE) will introduce new general…

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Comment & Analysis

Turkish banking sector records USD7B in net profit

February 2, 2022

According to a Turkish bank regulator, the country’s banking sector recorded a net profit of 92.1 billion Turkish liras (USD7…

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Executive Moves

Deutsche Bank hires Credit Suisse trio to woo Saudi ultra-rich

February 2, 2022

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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Awards and Recognition

Forbes Middle East Reveals MENA's Most Powerful Businesswomen

February 2, 2022

Forbes Middle East has unveiled its annual list of the region’s Most Powerful Businesswomen, ranking the region's most innovative and…

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Tax

UAE unveils 9% corporate tax

February 2, 2022

The UAE Ministry of Finance will introduce a federal corporate tax on business profits, effective from 1 June 2023. Businesses…

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Comment & Analysis

Saudi Arabia is set to continue championing fintech VC investments, companies say

February 2, 2022

Saudi Arabia’s move to encourage financial intermediaries to invest in the private sector is expected to boost the Kingdom’s fintech…

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Financial Results

RAKBANK profit rises to $206mln in 2021

February 2, 2022

RAKBANK’s profits were up by 50 percent in 2021, increasing to AED 758.3 million ($206 million) from AED 505.4 million…

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FinTech

Saudi Arabia to develop cooperation in digital economy with Bahrain, Finland

February 2, 2022

Saudi Arabia's Minister of Communications and Information Technology Abdullah Al-Swaha on Tuesday held talks with Kamal Ahmed, the Bahraini minister…

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Financial Results

Dubai Investments firm net profit grew by 78% to $168m

February 2, 2022

Dubai Investments, a diversified investment firm, has reported a significant increase in profits for 2021, buoyed by strong business performance.…

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FinTech

Saudi Arabia is set to continue championing fintech VC investments, companies say

February 2, 2022

Saudi Arabia’s move to encourage financial intermediaries to invest in the private sector is expected to boost the Kingdom’s fintech…

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Comment & Analysis

Why employees will continue to pay no income tax in the UAE

February 1, 2022

The UAE has long been a favourite destination for foreign workers, attracted by the country’s tax-free salaries and lower cost…

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Financial Results

Dubai Financial Market net profits down to $28mln for 2021

February 1, 2022

Dubai Financial Market (DFM) has announced that its profits in 2021 fell to AED 103.8 million ($28 million) from AED…

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