Banking & Finance
Abolition of minimum contribution of UAE, GCC nationals also passed
CBUAE also looking at improving consumer protection framework in the country
Oman implemented VAT in April 2021
It’s world’s largest investment forum dedicated to frontier emerging markets
Al-Suhaimi held for 20 years senior leadership financial positions in Saudi
Distinct opportunities for GCC banks as they progress along the maturity curve
Two parties scheduled to square off in court on Oct. 17
Overall market softening heightened transactional volume of M&As
Bank said it would focus initially on SMEs
But half will not meet targeted revenue expectations
As part of the AED 9 bn T-Bonds issuance program for 2022
Cumulative credit balance amounted to AED 718.1 bn in June
Transaction attracted $1.9 bn in orders from regional, international investors
"We are committed to carry out vision programs, broaden economic base"
On interest income growth
Investments of banks in UAE rise by 4.3% on annual basis
Saudi leads the way with 70.4% growth
Through iPay mobile payment system
The service is the first of its kind in the UAE
Step to contribute to the development of the fintech sector
