60% surge in Mena IPO activity in last quarter 2017
DUBAI 18 March 2018: In the fourth quarter of 2017, Mena IPO activity witnessed eight deals, representing a 60 per cent surge in volume over the same period in 2016. The Mena IPO value, or […]
Business
Nasdaq Dubai welcomes US$1.25 billion IDB sukuk
DUBAI 19 March 2018: Nasdaq Dubai welcomed the listing of a US$1.25 billion sukuk by Islamic Development Bank (IDB), whose activities include financing development projects for its 57 member countries. The listing brings the number of […]
No UAE oil concession has been awarded to Qatar Petroleum
ABU DHABI 14 March 2018: An official at the Supreme Petroleum Council of the UAE has said that no concession has been awarded to Qatar Petroleum. In a statement, the source said, “The Bunduq field, […]
DED gets to inspect and fine Rera-licensed properties
DUBAI 14 March 2018: A memorandum of understanding (MoU) that focuses on establishing a mechanism for monitoring and inspecting real estate facilities, has been signed by Dubai Land Department (DLD) with the Department of Economic […]
Display prices with VAT, Excise… or pay Dh15,000 fine
ABU DHABI 14 March 2018: UAE’s Federal Tax Authority (FTA) asserted that all businesses subject to Value Added Tax (VAT) and Excise Tax must display prices of goods and services inclusive of tax in order […]
Prices of 50,000 items locked here… for all of 2018
DUBAI 13 March 2018: Union Coop has announced its recent decision to freeze the prices of about 50,000 commodities until 2018 end. The move includes food items, textiles, outdoor and camping supplies. This move is […]
How much gold does UAE Central Bank have?
ABU DHABI 13 March 2018: The value of the UAE Central Bank’s reserves of gold bars rose to around Dh1.2 billion at the end of January, an increase of Dh48 million, or 4.1 per cent, […]
Dubai’s Nakheel to showcase real estate worth $2.5 billion
DUBAI 12 March 2018: Dubai-based master developer Nakheel is heading back to Mipim property summit, for third consecutive year, to showcase a host of real estate opportunities, collectively worth more than US$2.5 billion. Creator of the […]
Abu Dhabi banks post Dh30.83 billion earnings for 2017
ABU DHABI 14 March 2018: The total earnings of commercial and Islamic banks in the Emirate of Abu Dhabi surged to Dh30.83 billion in 2017, according to figures released recently by the Statistics Centre – […]
Sharjah Government issues $1 billion sukuk
SHARJAH 12 March 2018: In the region’s first sovereign sukuk issued in 2018, the Government of Sharjah has issued a $1 billion sukuk on a 10-year maturity. Walid Al Sayegh, Director-General of Sharjah Finance Department, […]