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
The 2000-rupee note will remain legal tender, but citizens have been notified to deposit or exchange these notes
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
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
The revised bid from Oman’s Bank Dhofar comes a day after Omnivest said it would lead a consortium that will make an offer for Ahli Bank
The initiative is designed based on the results of an opinion poll and proposals fielded by the authority through its direct communication with customers
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
The company’s EEMEA president shares how the company is contributing to the digital economy and serving communities
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
The company expects the final offer price to be announced on May 26, after the book-building process
Moody’s Investor Services affirmed Saudi Real Estate Refinance Company’s ‘A2’ long-term issuer ratings and upgraded its outlooks to ‘positive’
The company plans to use the net proceeds from the share sale to strengthen its capital base to support future growth
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 emirate ranked first in attracting FDI projects into sectors such as tourism, business services, financial services, transport and warehousing, consumer products, and software and IT services
The four-day event attracted 4,452 participants from 90 countries as well as 89 organisations working in the field of sustainable development