Arab International Bank hikes stake in SAIB to over 51%
Arab International Bank increased its shareholding in Société Arabe Internationale de Banque to 51.02% from 50.43% in exchange for $368,212.…
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Top 10 UAE banks record 5.6% rise in quarterly profit on lower impairment charges
The aggregate net profit of the UAE's 10 largest banks increased by 5.6 per cent on a quarterly basis in…
Middle East could play a key role in decarbonising global economy – Wood Mackenzie
Ambitious climate and renewable energy targets worldwide present an opportunity to companies in the Middle East as decarbonising its energy…
Dubai’s investment arm ICD posts $7.7bln net profit on tourism boom, high interest rates
Investment Corporation of Dubai, the main investment arm of the Dubai government, nearly doubled its net profit during the first…
UAE fintech Astra Tech Botim now allows its digital wallet users to buy-sell gold
‘Digital wallets’ have become a standard that more UAE consumers are getting comfortable with. Now, a UAE fintech is expanding…
Julius Baer 2023 family barometer
Julius Baer’s 2023 Family Barometer shows that the "Rising Generation”(aged between 18 and 40), is ready to take on more…
Julius Baer announces appointment of Kunal Sumaya as Market Head Global NRI
Julius Baer has promoted Kunal Sumaya to Market Head Global NRI (Non-Resident Indians), effective 1 January 2024. He will continue…
Expats in the UAE: understanding the new tax residence rules
The United Arab Emirates has long enjoyed a reputation as a tax-efficient destination for both individuals and businesses. Its…
UAE Corporate Tax: How prepared are businesses as first tax year comes into sight
A ‘paradigm shift’ – an expression often used for UAE’s launch of a corporate tax – aptly describes its significance.…
Saudi Arabia is a regional powerhouse and global policy shaper: World Bank official
Saudi Arabia is the driving force behind the economic growth of the Middle East region and plays a pivotal role…
Asset manager SHUAA names an interim CEO
Wafik Ben Mansour has been appointed as the acting CEO of Shuaa Capital, the asset management and investment banking platform.…
QSE remains almost flat despite profit booking pressure
The Qatar Stock Exchange Wednesday witnessed a rollercoaster ride with it finally settling almost flat despite buying interests in five…