Bahrain Financial Harbour repays US$134M Sukuk facility
Bahrain Financial Harbour Holding Company B.S.C. (c) (“BFHHCâ€), whose owners, Emar Bahrain (“Emarâ€), agreed to purchase Gulf Finance House’s (“GFHâ€) 49.88% investment in BFHHC...
Interest-free housing loan for UAE Nationals
Mohammed Bin Rashid Housing Establishment (MRHE) and Emirates NBD, the leading bank in the region, signed an agreement today, to support the funding of...
VAT in GCC: Are Your Accounting Systems Ready?
Compliance with the UAE VAT Law may require significant changes to a business’ technology, operations, financial management and bookkeeping practices.
The law, which comes into...
MENA Region Opens New Opportunities for Fintech Companies
Middle East and Africa is projected to experience a significant growth in the coming years to reach USD 3.45 billion by 2026.
New fintech firm...
Dubai International Financial Centre Authority splits to prepare for next phase...
The Board of Directors of the Dubai International Financial Centre Authority (DIFCA) today announces changes to its structure and its senior management team responsible...
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...
First Financial Services Association to be established in UAE
A group of leading financial institutions in the United Arab Emirates have established the Financial Services Association (UAE), the first of its kind; a...
LUUP and Emirates International Exchange to Roll Out Comprehensive Mobile Wallet...
Luup International Ltd., a leading mobile payments solutions provider of Norwegian origin, and Emirates International Exchange (EIE), a leading exchange house in the United...
UAE to implement 5% VAT
The United Arab Emirates may soon set a value-added tax of 5 percent as part of a regional development plans, according to the undersecretary...
Corporate Fraud and Bribery Briefings
Ernst & Young has organized Corporate Fraud & Bribery Update briefings in Abu Dhabi and Dubai, attended by senior corporate officers. The briefings aimed...
Mortgages to Foreigners Maybe Capped at 50% of Home Value, Sources
A large number of international media sources report that UAE's Central Bank have issued guidelines restricting mortgages for expatriates to 50 percent of the...
Moving Money to Dubai
International money transfers are a significant topic for discussion for the approximately 7.8m expatriates living in the UAE. It’s more of an issue in...
DIFC proposes New Mortgage Model
The proposed Model involves private residential mortgages being funded by the issuance of standardised bonds, creating a large and liquid mortgage bond market.
Emirates NBD to showcase consumer finance products at Arabian Centre mall
Emirates NBD, the Middle East’s largest bank by asset size, announced today that it will host a week-long campaign showcasing the bank’s...
Number One Brokerage Firm in UAE
Abu Dhabi Islamic Bank (ADIB), a top-tier Islamic financial group, announced today that ADIB Securities, its brokerage subsidiary, was ranked number one brokerage firm...
Financial Health Check program launched during Ramadan in UAE
Abu Dhabi Islamic Bank (ADIB), a top-tier Islamic financial services group, announced today the launch of its Financial Health Check program as part...
FAB Launches AI Analytics Portal for Merchants in Partnership with Al-Futtaim
First Abu Dhabi Bank (FAB), the UAE’s largest bank and one of the world’s largest and safest financial institutions, has launched a new portal...