UAE: Will residents have to pay 9% corporate tax on their salary from next year?
The UAE will introduce corporate tax at nine per cent from June 1, 2023, setting a threshold of Dh375,000 profit…
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Saudi retail banks to outperform GCC peers in revenue growth: Boston Consulting
Banking revenue growth in Saudi Arabia is set to outstrip others in the region as increased spending in the environmental…
UAE launches new AI-powered mobile app for crop disorder detection
The UAE has unveiled a new AI-powered mobile application for detecting crop disorders. The new application – called Dr.…
Nomura to Open Branch in Dubai for International Wealth Management
Nomura has announced it will open a branch of Nomura Singapore Limited at the Dubai International Financial Centre, United Arab…
Pure-play digital firms yet to make a mark on Middle East financial services: PwC
While fintech and digital innovation of financial services in the Middle East have been undergoing a profound transformation, the region…
Saudi’s PIF acquires up to 9.5% stake in wind farm operator Skyborn
Saudi Arabia’s Public Investment Fund has acquired a stake of up to 9.5% in offshore wind energy company Skyborn Renewables.…
Dubai's Emirates NBD announces leadership shake-up
Dubai's top lender Emirates NBD has announced a shake-up of its senior management, as it positions itself to grow opportunities…
UAE banks to 'accelerate' Emiratisation; boost SME support
UAE banks are expected to hire more UAE nationals and initiate measures to support small and medium enterprises (SMEs) as…
UAE and Kyrgyzstan sign initial co-operation pacts in various sectors
The UAE and Kyrgyzstan signed on Monday several initial pacts for joint co-operation in sectors including agriculture and renewable energy…
Dubai: November ‘one of the strongest’ months for new jobs since early 2020
Businesses in Dubai recorded further gains in November, helped by the bounce provided by the start of the FIFA World…
Fintech PayTabs acquires Turkey’s social commerce platform, Paymes
PayTabs, Saudi’s payment gateway, has announced that it has acquired a 100 per cent stake in Paymes, Turkey’s social commerce…
ADIB wins 'Bank of the Year – UAE' award
Abu Dhabi Islamic Bank has been named ‘Bank of the year- UAE 2022’ by Financial Times’ monthly publication, The Banker,…