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 rule will be applicable from December 1, 2020, with businesses no longer requiring an Emirati sponsor
The agreement enables Bank Hapoalim to access banking and innovation opportunities in the Middle East, Africa and South Asia through the DIFC platform
The agreement provides a framework for information sharing, and will facilitate the movement of startups and transfer of knowledge and talent
Dubai and Abu Dhabi have been ranked as having the most transparent property markets in the region according to JLL’s latest index
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 NMC Health founder denies wrongdoing and says he has “complete faith in the justice system of the UAE”
The Abu Dhabi Judicial Department will organise training courses for judges and prosecutors specialising in money laundering and tax evasion
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The decision, taken by the Capital Market Authority, takes effect from January 1, 2021
The kingdom hiked its value added tax (VAT) from 5 per cent to 15 per cent in July
The six-year bond with a 6 per cent interest rate was 2.1 times subscribed
A new management team was brought into the fund in 2017 to transform the state-owned institution
The tribunal noted that Shailesh Dash exhibited “a formidable mastery of the arguments”
Markets have been volatile during the final weeks of the campaign as investors fretted over the potential for a contested outcome
Income still increased for the first time in five quarters as oil prices steadied
Lenders should leverage the use of technology to understand customers’ needs and create a personalised journey for them, says IT firm Comarch
Export factoring provides a full suite of trade finance benefits including cash advances, credit protection, and collections and reconciliation services
The five-year sukuk was oversubscribed nearly three times
He was formerly appointed as CEO of Abu Dhabi National Energy (TAQA)
The new federal budget is 5.2 per cent lower than the 2020 figure of Dhs61.35bn
Swiss wealth manager Bank Julius Baer’s head of Equity Research, Patrik Lang, provides an overview of the current investment landscape
It reported a nine-month net profit from January-September 2020 of Dhs2.802bn, down 33 per cent compared to Dhs4.196bn in the corresponding period last year
The airline has committed to net zero carbon emissions by 2050 and a 50 per cent reduction in net emissions by 2035
Gulf Business speaks to Ludovic Pernot, head of Private Banking Middle East at LLB, on the Covid crisis and plans ahead
The Nasdaq Dubai Growth Market will be operational by early 2021
Investing in payment digitisation will drive financial inclusion, economic growth and wellbeing in today’s new reality
The overall value of economic support provided by the emirate in 2020 has risen to Dhs6.8bn
The bond has been rated Baa3 by Moody’s and BBB by Fitch
The UAE, US and Israel also established a $3bn Abraham Fund to help stimulate private sector-led investments across the region