Network International
April 15, 2023

Could Network International, a payment services company based in Dubai, be a potential target for a buyout

Network International has become an attractive target for potential buyers due to its strong presence in key markets, such as the Middle East and Africa, and its robust financial performance despite the challenging business environment caused by COVID-19.

Blackrock
April 15, 2023

Larry Fink’s pay for the past year has been reduced by 30% to $25.2 million, according to BlackRock.

BlackRock’s recent decision to reduce the annual compensation of its CEO, Larry Fink, has sparked a broader discussion on executive pay and income inequality.

Boeing
April 15, 2023

Boeing’s stock declined after the company suspended some deliveries due to a parts-related problem.

Boeing has recently encountered a parts-related problem that is likely to add to the legal and financial challenges it has already faced due to the 737 MAX crisis.

Dubai
April 15, 2023

During the week, there were 2,246 real estate transactions recorded in Dubai, amounting to a total value of Dh11.6 billion.

DLD’s latest data reveals that the Dubai property market is showing positive signs of growth, driven by a range of government initiatives and major projects on the horizon.

MBME
April 15, 2023

MBME is scheduled to be listed on the ADX Growth Market on April 17th.

MBME is set to list on the Abu Dhabi Securities Exchange (ADX) Growth Market, an exciting development for the company which has experienced significant growth in recent years and is poised for further expansion.

Economic Zones
April 15, 2023

Four new economic zones have been launched in the Kingdom by the Saudi Crown Prince.

Saudi Arabia has taken a major step forward in its efforts to diversify its economy and create new opportunities for its citizens with the launch of four new economic zones.

COP28
April 15, 2023

The launch of the Universities Climate Network aims to assist in achieving the youth-focused objectives of COP28 UAE.

COP28 is fast-approaching, and the launch of the Universities Climate Network (UCN) in the UAE demonstrates a commitment to youth-focused climate action.

national banks
April 15, 2023

At the end of January, the business and industrial sector received AED 35.3 billion in credit facilities from national banks.

The AED 35.3 billion in credit facilities provided to the business and industrial sector at the end of January is a positive sign for the UAE’s economy, as it suggests that national banks are continuing to lend to businesses and support economic growth, despite the challenges posed by the COVID-19 pandemic.

Corporate tax
April 14, 2023

Corporate tax registration will still be required for businesses engaged in gold trading in the UAE.

Corporate tax registration for businesses in the UAE’s gold trading industry is an important step toward improving transparency and preventing financial crimes such as money laundering and fraud.

Sukoon Insurance
April 14, 2023

The UAE Central Bank has granted approval to Sukoon Insurance in Dubai to acquire Arabian Scandinavian Insurance Co.

The acquisition of Arabian Scandinavian Insurance Co. (ASIC) by Sukoon Insurance is a strategic move that will enable the Dubai-based insurance provider to expand its offerings and strengthen its position in the local market.

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