by Danissa Guotana | Mar 9, 2023 | Business
Al Ansari Financial Services, the UAE money and exchange company, plans to list 10 per cent of the company in an initial public offering. The company is selling 750 million shares with a nominal value of Dh0.01 and plans to list on the Dubai Financial Market, it said...
by Danissa Guotana | Mar 8, 2023 | Business, Other Tax
Those who are in the UAE for 183 days or more are tax residents, as part of the new Ministry of Finance guidelines released on March 1. According to the guidelines, an individual’s usual place of residence will be considered in the UAE if they normally or...
by Danissa Guotana | Mar 6, 2023 | Business
At least eight companies are expected to list in Abu Dhabi this year after the emirate’s main energy company pulled off the world’s biggest listing so far in 2023. The IPO candidates span industries from technology and media to asset management and a firm that...
by Danissa Guotana | Mar 3, 2023 | Business
Abu Dhabi: The UAE’s gross domestic product (GDP) grew by 7.6 per cent in 2022, double more than the projected 3 to 4 per cent, said UAE Minister of Economy Abdullah bin Touq Al Marri. “When the Central Bank (of UAE) and all the financial institutions in the country...
by Danissa Guotana | Mar 2, 2023 | Business
Family businesses in the region need to move away from investing heavily in traditional sectors such as real estate, logistics and hospitality, and instead, consider diversifying into digital assets, e-commerce and new sectors like financial investments, according to...
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