Abu Dhabi's ADNOC to acquire 24.9% stake in Austria's OMV from Mubadala – sources
Abu Dhabi National Oil Company has agreed to acquire a 24.9% shareholding in Austrian oil and gas group OMV from…
Uncategorized
47651 articles found
Nearly 75% of UAE firms to hand out bonuses: new survey
Most companies in the UAE are expected to hand workers their bonuses for 2022, as business conditions improved and the…
Oman: No VAT increase, no income tax in 2023
The government is neither planning to slap income tax in 2023 on high salaried individuals nor it will raise the…
ROSHN signs land deals with Ajdan to develop 270 villas in Riyadh’s SEDRA project
Saudi Arabia's national developer ROSHN has signed a land purchase agreement with real estate firm Ajdan to develop over 270…
Egypt’s real estate sector remains attractive to FDI – Fitch
Egypt’s real estate sector maintains its position as a cost-effective foreign direct investment (FDI) destination, the Middle East News Agency…
Gold steadies near one-week high on weaker dollar
Gold prices steadied near a one-week high on Wednesday, after rising more than 1% in the previous session as the…
ADIB receives the e-Marketplace Champion Award from blockchain-powered e-Marketplace TradeAssets
Abu Dhabi Islamic Bank (ADIB), a leading Islamic financial institution has received the e-Marketplace Champion Award for its excellence in…
UAE banks’ credit fundamentals strong for 2023
Interbank rates have risen more than 400 basis points this year and most large UAE banks mainly rely on net…
Ahlibank’s “ahliExpress” provides 24/7 digital services
In line with its digital transformation strategy and its drive to match the global digitalization trends, ahlibank’s newly opened Madinat…
Dubai records over $354mln in realty transactions Monday
Dubai real estate market recorded 476 sales transactions worth AED1.17 billion, in addition to 92 mortgage deals of AED181.95 million,…
CBUAE projects real GDP to grow by 7.6 % in 2022
The Central Bank of the United Arab Emirates projected the real GDP to grow by 7.6 percent this year, instead…
Kuwait posts highest unemployment rate in Gulf for last 10 years
The credit rating agency, Fitch, expects Kuwait to record 1 percent growth in GDP in 2023, compared to 0.8 percent…