Data shows that ETF issuers are losing tolerance for ESG as closures surge
Economic substance refers to the tangible and real economic activity that a company carries out
The investment firm reached a deal to pay 400 pence per share in cash, which represents a premium of about 64 per cent to Network’s closing price on April 12
The agreement will enable remote access for the exchanges’ respective brokerage companies through Tabadul
The package offers a variety of features and incentives that can help SMEs save money and get help with tax compliance
The SCA board approved the decision to exempt the fee for this year for companies planning to list their sustainability-linked bond or sukuk
The AccelerateHER network has successfully mentored over 100 women through more than 200 mentorship pairings and 120 workshops
DIB alt brings together more than 135 digital services via the DIB Mobile App, online banking, WhatsApp and ATMs
The development bank is playing a vital role in supporting the UAE’s industrial strategy by providing financial assistance and driving sustainable growth
The government said qualifying entities in the country’s economic free zones will be subject to a 0 per cent rate
The deals come as part of the bank’s mandate to approve Dhs30bn in funding support to companies in the UAE within five key focus sectors
The central bank’s guidance highlights the risks of dealing with virtual assets and virtual asset service providers and their business models
The company will continue to pursue the IPO of Olam Agri at the next practical window without providing any approximate time frame
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