Banking & Finance

Foreign banks in Dubai to pay 20 percent tax on annual taxable income

If the banks pay corporate tax, then this amount will be deducted from their total tax liability

Fintech accelerator programs: Paving the way for innovation and growth

Accelerating innovation, unveiling market trends and crafting business success

Dr. Saeeda Jaffar on Visa driving change in financial inclusion and beyond

Company fosters inclusivity worldwide by supporting women entrepreneurs and business leaders

Addressing business distress: ADGM’s robust restructuring landscape

New insolvency regulations create more streamlined processes

LEAP 2024: Takamol Holdings launches $53 million investment fund to empower tech startups

The initiative seeks to advance tech sectors in the Middle East and Africa

Emirates NBD provides answers to challenging economic questions

Report tackles investment opportunities, economic indicators, financial market insights

Abu Dhabi’s ADGM is region’s fastest growing financial center for two consecutive years

Assets Under Management grew by 35 percent with 102 asset managers operating in ADGM

GCC central bank governors announce annual banking conference in Doha

Conference to showcase GCC's financial progress and global role

e& enterprise rebrands UAE Trade Connect to ‘haifin’

haifin's consortium includes 13 banks and two fintech lenders

LEAP 2024: Saudi Arabia bolsters tech hub leadership with $888 million in deals

Investment funds and funding rounds to support innovation and tech entrepreneurship

New acceleration program for women-led startups launched in UAE

The program seeks to promote economic equality between genders

Key takeaways from the 18th EFG Hermes annual one-on-one conference opening session

Exploring the depth of FEM and the inherent potential of the region

ADGM hosts inaugural event for business community on Al Reem Island

The event aimed to connect with the business community on the island, following the tenfold expansion of its jurisdiction

Dubai’s Salik sees net profit soar to $80.31 million in Q4 2023

Fourth quarter net profit grew 15.9 percent versus the prior quarter

UAE’s ADNOC acquires 24.9 percent stake in Austria’s OMV

The transaction has increased UAE firm’s shareholdings in Borealis and Borouge

G20 FMCBG: Al Hussaini highlights UAE’s commitment to promoting financial inclusion and reducing inequalities

The minister highlighted the country's interest in strengthening economic and financial cooperation

ACWA Power net profit soars 8 percent to $443 million in 2023

The company’s board approved a dividend payment of SAR 329.0 million for 2023, payable in 2024

FAB targets $81.68 million annual revenues from China operations by 2026

FAB seeks to triple revenues and strengthened bilateral ties with China

Dubai Islamic Bank issues landmark $1 billion sustainable sukuk

An over-subscription of 2.5 times demonstrates investor trust in the lender

Mashreq closes $88 million syndicated term loan facility for joint-stock commercial bank ‘Agrobank’

This transaction holds significance as it marks the debut of a state-owned bank from Uzbekistan in the MENA region.

QIA to invest $1 billion to support local and regional entrepreneurs

Fund aims to foster a thriving VC community, generate market-level commercial returns