Financial Services

Another step closer to VAT implementation in GCC

The Ministry of Finance in the United Arab Emirates (UAE) has recently launched a series of Value Added Tax (VAT) and excise awareness sessions...

Digital Finance Can Turbocharge Growth In Emerging Economies

Two billion individuals and 200 million micro, small, and mid-sized businesses in emerging economies today lack access to savings and credit. Even those with...

Dubai Financial Market launches ETF trading platform

Platform Falls Under New Regulatory Framework And Adheres To Global Best Practices The exchange hosts bell ringing ceremony to celebrate the launch of...

Gold hedging strategies for emerging markets

The World Gold Council posted a new report on gold as investor’s tool. Investors in emerging markets can use gold to reduce exchange-rate...

Digital Financing Solutions for Startups Launched in Dubai

MBRF and Beehive join hands to provide digital financing solutions for startups Partnership will enable SME to use FinTech to secure funds for growth and...

Moving Money to Dubai

International money transfers are a significant topic for discussion for the 7.8m expatriates living in the UAE. It’s more of an issue in Dubai...

Late payments on the rise in UAE

During the past few months, more UAE companies are reporting late payments as liquidity tightens due to the prolonged effect of low oil prices...

Mobile Money Make International Remittances Cheaper

The GSMA today issued a report entitled, ‘Driving a Price Revolution: Mobile Money in International Remittances’ that looks at the impact of mobile money...

Dubai’s financial system electronically linked to Federal Government

On the sidelines of the first Government Financial Coordination Council meeting for 2016 In a bid to meet the requirement of the International Monetary Fund...

Retail loans expected to lift earnings for UAE banks

Commenting on the Retail loans expected to lift earnings for UAE banks, Clint Dempsey who is is a Principal Associate in the Banking and...

UAE Central Bank announced mortgage-loans limits

The Central Bank of the United Arab Emirates last week approved the decision to increase the recently proposed mortgage-loans limits. Initially, the proposed mortgage...

No Imminent VAT Introduction in UAE

An official statement carried by the Emirates News Agency provided an update on value-added tax discussions in the UAE. The statement confirmed that the...

Funding Dubai SMEs: Challenges and Opportunities

Small and medium-sized enterprises (SMEs) play an important role in the UAE’s economy and contribute substantially to income, output and employment. Acknowledging the importance of...

Non-tax revenues can generate at least 10% of GDP in UAE

Given the volatility and unpredictability of oil prices, the primary economic strategy for all GCC countries is to diversify government income and reduce dependency...

Capital Markets & Investment Banking Forum

Over 50 investment professionals and CFA charterholders yesterday attended the Annual Investment Banking forum hosted by CFA Emirates in Madinat Jumairah Majlis on corporate...

Al Etihad Credit Bureau begins the issuance of consumer credit reports

Al Etihad Credit Bureau has commenced the issuance of consumer credit reports to banks and financial institutions that have submitted historical credit data to...