The new decisions will help determine taxable income in addition to providing tax relief for intra-group transfer of assets or liabilities between members of the same qualifying group
The central bank’s guidance highlights the risks of dealing with virtual assets and virtual asset service providers and their business models
These developments follow the $32m Series A fundraise and partnership with Visa aimed at strengthening its presence in the Saudi market
This is the sixth tranche under SRC’s upsized SAR20bn sukuk programme
The two countries agreed to strengthen their cooperation and exchange knowledge, experiences and best practices in the field of tax policy
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
The group recorded a 129 per cent year-on-year rise in revenue to EGP4.5bn in Q1 2023
The transaction is expected to close in the first quarter of 2024, subject to regulatory approvals
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
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
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
Moody’s Investor Services affirmed Saudi Real Estate Refinance Company’s ‘A2’ long-term issuer ratings and upgraded its outlooks to ‘positive’
The authority explained that early corporate tax registration will allow enough time for companies and businesses to comply with their legal obligations
The partnership will enable both organisations to pool their resources and capabilities to offer SMEs a more comprehensive suite of solutions and service
The four-day event attracted 4,452 participants from 90 countries as well as 89 organisations working in the field of sustainable development
The committed resources for the fund are aimed at supporting 32 member countries of the bank to achieve 10 of the 17 Sustainable Development Goals
The performance is attributed to a strong increase in exchange income from bank notes, pre-paid cards products, operating leverage and rise in transactions through digital channels
The company achieved a robust revenue increase of 50 per cent versus Q1 2022, reaching Dhs15.7bn during Q1 2023
The T-Sukuk auction will be followed by a listing on Nasdaq Dubai to promote secondary market trading along with primary dealers
Coinbase has been navigating a market downturn and a difficult US regulatory environment
The bureau will enable the DIFC Innovation Hub community to tap into new data sets to boost fintech development in the UAE market
The joint initiative aims to encourage national talent, drive innovation and entrepreneurial growth
The bank’s credit guarantee scheme aims to help SMEs overcome challenges in accessing financing from conventional banks
Saudi banks stand to remain on a profitable path in 2023 with corporate lending continuing to drive credit growth in the sector
The enactment of the new regulations supports the DIFC Launchpad by providing a legislative framework for venture building