The milling company said big investors placed orders worth SAR68.8bn, almost 69 times more than was available to them
Wall Street sees more weakness ahead for the lira, with Morgan Stanley warning that it may reach 26 per dollar sooner than earlier expected and slide toward to 28 by the end of the year
The futures contracts will help investors effectively hedge against market volatility and make profitable trades
The two countries agreed to strengthen their cooperation and exchange knowledge, experiences and best practices in the field of tax policy
The decision applies to immovable property, intangible assets, financial assets and financial liabilities held by businesses before the corporate tax law comes into effect on June 1
The conglomerate will use the proceeds from its fourth green sukuk issuance to refinance an older $800m bond commitment due in May 2024
Sovereign wealth funds like the QIA have been increasingly looking at private credit, providing evidence of the market’s rapid growth
ADNOC sold 1.41 billion shares in its maritime logistics unit at Dhs2.01 a share, valuing the company at $4.05bn
The change in the brand name will not impact the current management structure and reporting lines, day-to-day operations, or the level of support and cross-selling that will continue between the group’s three verticals
Virtuzone has launched TaxGPT to help UAE-based businesses get answers related to the upcoming corporate tax regime based on information from the UAE’s MOF and FTA
The programme allows companies to monetise their receivables at competitive rates and get instant payments, without needing to borrow funds
The group recorded a 129 per cent year-on-year rise in revenue to EGP4.5bn in Q1 2023
According to its annual report, Abu Dhabi Fund for Development’s investments benefitted 104 nations last year
It is replaced it with a temporary committee of experts for six months
According to the ministry, the three new decisions aim to enhance the flexibility of UAE’s corporate tax regime and ensure a supportive business environment for all sectors
The maritime logistics firm expects the final offer price to be announced on May 26, after the book-building process
The transaction is expected to close in the first quarter of 2024, subject to regulatory approvals
The 2000-rupee note will remain legal tender, but citizens have been notified to deposit or exchange these notes
Buyers will need to evaluate the tax status of the target company or target assets and consider whether any restructuring is required to optimise tax efficiency
According to a survey conducted by UAE Banks Federation, the county ranked second globally in terms of customer confidence in banks at 84 per cent in 2022
Here’s how to ensure your SME is set to deal with the advent of UAE’s corporate tax from June
The company deployed Dhs107bn in industries such as life sciences, renewable energy and digital infrastructure
The CBUAE update showed a year-on-year growth of 15.2 per cent over the same period last year
The revised bid from Oman’s Bank Dhofar comes a day after Omnivest said it would lead a consortium that will make an offer for Ahli Bank
The initiative is designed based on the results of an opinion poll and proposals fielded by the authority through its direct communication with customers
Proceeds of the sukuk will be used in accordance with Aldar’s Green Finance Framework to finance green initiatives and acquisitions
The Gulf state is considering the plan on the hopes that more trading would raise investment returns, reduce costs and help with diversification
The company’s EEMEA president shares how the company is contributing to the digital economy and serving communities
Latest data from the central bank shows that gross credit surged by 1.2 per cent to Dhs1.89tn in February from 1.87tn a month earlier, driven by a 1.6 per cent increase in domestic credit
The company expects the final offer price to be announced on May 26, after the book-building process