Abu Dhabi, Bahrain, Dubai and Riyadh named MENA’s top fintech ecosystems by Startup Genome
Dubai Islamic Bank is now the largest UAE-based sukuk issuer by value on Nasdaq Dubai with a total of $7.3bn listed on the exchange
The sultanate raised $500m in a tap of its bonds due in 2027 and 2032
The rule will be applicable from December 1, 2020, with businesses no longer requiring an Emirati sponsor
The world’s largest digital currency is in the midst of an exuberant rally this week
Xpressbees has a presence across more than 2,000 towns and cities in India
The sukuk will be used to help fund Acwa’s share of an $8bn acquisition of gasification and power assets at Jazan
The agreement enables Bank Hapoalim to access banking and innovation opportunities in the Middle East, Africa and South Asia through the DIFC platform
The VAT hike to 15 per cent, was implemented in July this year
Similar to wealth, wealth management has gone through layers of evolution to become a specialised investment advisory service
The agreement provides a framework for information sharing, and will facilitate the movement of startups and transfer of knowledge and talent
Aramco sold $8bn in tranches maturing in three, five, 10, 30 and 50 years
The fund intends to play a leading role in refocusing the economy toward underdeveloped industries
The TESS loan deferral programme has already benefited over 310,000 retail customers, nearly 10,000 SMEs and more than 1,500 private sector companies
The company ranked the sovereign AA- with a stable outlook
Relevant legal actions will be taken for non-compliance
A global health emergency and collapse in crude oil prices have ratcheted up the pressure to address the sector’s critical challenges: efficiency, agility and growth
The new plan, developed with US-based consultancy Mercer, will start next year
The Abu Dhabi Judicial Department will organise training courses for judges and prosecutors specialising in money laundering and tax evasion
Startups benefit from access to industry experts, mentors and partner organisations
The UAE government levied a 5 per cent VAT on goods and services in January 2018
Take the first step in the right direction to secure your financial future
Customers can co-own residential properties and earn healthy returns on their investments, for as low as Dhs5,000
It will continue to invest in Japanese equities but only through its external managers
The decision, taken by the Capital Market Authority, takes effect from January 1, 2021
Financial institutions across more than 45 countries already use RippleNet
Increased online activity in the wake of the Covid-19 outbreak has led to a rise in digital payments
UAE expected to attract $2.5bn in investment into fintech by 2022
The kingdom hiked its value added tax (VAT) from 5 per cent to 15 per cent in July
Credit downgrades and double-digit deficits poses challenges for regional countries that are not diversifying their economies