The balance sheet of the Central Bank of the Emirates rose to 495.54 billion dirhams last July, approaching half a trillion dirhams, an increase of 4.2%, or 19.93 billion dirhams, compared to July 2021. In addition, the banking sector in the UAE recorded an increase in deposits during the first …
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Abdulaziz Asaad Al-Sanad, Chairman of the Board of Directors of the Kuwaiti Gulf Investment House, said that the company aims to list three subsidiaries and associate companies in the Abu Dhabi Securities Exchange, in addition to listing another company in the Saudi financial market “Tadawul”. Al Sanad stressed that the …
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The UAE will start implementing corporate tax in the middle of next year 2023, and with this decision, all registered companies, especially companies that fall within the scope of corporate tax, will have to start the official accounting and auditing process from now, to establish their financial statements for tax …
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His Highness Sheikh Dr. Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, directed to exempt shop owners from the elderly citizens in Al-Arsah market from rents, speed up the completion of their maintenance and meet all their needs. Ahmed Obaid Al Qaseer, Acting Executive Director of …
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The Environment Agency – Abu Dhabi has set an ambitious long-term goal to achieve zero waste of single-use plastics and zero carbon emissions, without leaving any significant impact on biodiversity, through its new community campaign “Together towards Zero” that aims to increase environmental awareness. Emphasizing the importance of reducing the …
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On Monday, October 3, 2022, the UAE began implementing an updated visa system that represents a qualitative leap in the entry and residence of foreigners in the region and the world, based on the conditions and controls it includes facilities that make the country an oasis for living, work, innovation …
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UAE shares started the first session of the week in contrast, in light of a session that witnessed narrow movements between rise and decline, as the Abu Dhabi market index rose 0.18% to 9729 points, while the Dubai market index fell 0.58% to 3319.73 points. The shares of 4 companies …
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Saif Mohammed Al Midfa, CEO of Expo Center Sharjah, stressed that the gold and precious metals sector is one of the industrial and commercial sectors that plays a major role in enhancing the GDP and supporting the economic diversification policy in the Emirate of Sharjah and the UAE, noting that …
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The Islamic World Educational, Scientific and Cultural Organization (ISESCO) and the Central Religious Authority of the Muslims of Russia, in the Republic of Bashkortostan, signed an agreement to establish the ISESCO Chair for the Arabic Language in the Service of Dialogue and Coexistence, which will be hosted by the Russian …
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The finance ministers and central bank governors of the Gulf Cooperation Council (GCC) countries held a joint meeting with the Director of the International Monetary Fund, Kristalina Georgieva. The Saudi (Al-Ekhbariya) channel stated today, Monday, that the meeting discussed many issues in the region, most notably the damage to the …
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