UAE's tech, electronics suppliers need to relook their VAT processing on B2B deals after Oct. 30
The switch to Reverse Charge Mechanism on B2B supplies of tech and electronics will bring much needed relief to UAE…
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Emirates NBD launches new digital wealth platform
Emirates NBD has launched a digital wealth platform that allows customers to trade securities and ETFs on both global exchanges…
Qatar banking sector total assets rise by 0.3% in August
Qatar banking sector total assets increased 0.3% month-on-month (MoM) (down 1.6% in 2023) in August 2023 to reach QR1.874 trillion.…
Egypt banks set new limits for cash withdrawals, purchases abroad
The Arab African International Bank suspended the use of debit cards outside Egypt, setting new limits on withdrawals and purchases…
QFC and KIFC strengthen partnership for financial sector growth
The Qatar Financial Centre Authority (QFCA), the legal and tax arm of the Qatar Financial Centre (QFC), a leading onshore…
Islamic Development Bank’s climate financing reaches 32% of overall funding: chairman
As part of its commitment to addressing the climate crisis, Saudi Arabia’s Islamic Development Bank has made notable advancements in…
RAK property projects sold out as zero tax, full foreign ownership attract global investors
Demand for properties in Ras Al Khaimah is growing exceptionally well, mainly driven by investors looking for long-term rental income…
Deloitte partner Hadeel Biyari wins international tax award
Hadeel Biyari, a partner at Deloitte in Saudi Arabia, has been named a ‘rising star’ in the EMEA tax landscape…
Revolutionising banking: The role of AI in shaping the future
Artificial intelligence is a crucial driver of innovation and financial inclusion. It can help banks offer better services, reduce risks,…
UAE starts wind energy project that can power 23,000 homes
The UAE has commenced operations of its first utility-scale wind project that can power 23,000 homes and displace 120,000 tonnes…
Abu Dhabi’s Ethmar acquires nearly 70% stake in BHM Capital
Abu Dhabi-based EIH Ethmar International Holding has acquired through its subsidiary a nearly 70% stake in Dubai-listed BHM Capital Financial…
GCC Financial, Economic Cooperation Committee holds 120th meeting in Muscat
The GCC Financial and Economic Cooperation Committee today held its 120th meeting in Muscat under the chairmanship of Finance Minister…