Saudi Awwal Bank proposes 9.8% dividend for H2 2023
The Riyadh-headquartered Saudi Awwal Bank (SAB) board of directors has recommended payment of a 9.8% cash dividend for the second…
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Mastercard and Al Baraka Bank partner to elevate banking experience in Egypt
In line with its commitment to providing the latest in digital payments, Al Baraka Bank announced its partnership with Mastercard,…
Abu Dhabi Exports Office partners with Mashreq and Abu Dhabi Commercial Bank to provide up to US$100mln in financing to BGN
Regional banks and their overseas affiliates may participate through the “accordion” feature Abu Dhabi Exports Office (ADEX), the export financing…
Remittance costs through UAE exchange houses to see 15% hike
Remittance fees through UAE based exchange houses could see a 15 per cent increase. The industry grouping - Foreign…
Al Baraka Bank joins largest Islamic financing deal in Egypt
Al Baraka Bank has joined a group of regional and local banks to provide the largest joint financing deal in…
Kuwait, UAE ink deal to avoid double taxation on income between the two countries
Kuwait and the UAE have signed an agreement to avert double taxation between the two countries, Kuwait News Agency (KUNA)…
Oman: Assets of Islamic banks and windows up 11.7% to $18.7bln
The total assets of banks and Islamic windows combined increased by 11.7 percent to reach OMR7.2 billion at the end…
Wealthy GCC investors targeting Egypt for real estate investments
In recent years, Egypt has garnered substantial attention as a focal point for investments from the Gulf Cooperation Council (GCC).…
GSB Capital Sets Sights on Delivering a Diversified Independent Platform for the Middle East’s High-Growth Markets
In January this year, The Chartered Institute for Securities & Investment (CISI) confirmed that Dubai-based independent wealth manager GSB Capital…
Raffles Family Office and NCNE sign renewable energy agreement
Raffles Family Office, the private office of His Highness Sheikh Ali Rashed Ali Saeed Al Maktoum (HH Private Office), a…
UAE Corporate Tax: Businesses need to maintain strict tabs on entertainment expenses
It is a common knowledge now that a company in the UAE would be allowed to deduct only 50 per…
ADGM joins International Forum of Independent Audit Regulators
Abu Dhabi Global Marke has announced that on 22 January 2024, the Registration Authority (RA) of ADGM became a member…