Grant Thornton UAE opens new office in Sharjah
GCC Business News » Banking & Finance
by Arya M Nair
16h ago
Grant Thornton UAE, one of the leading financial services companies, has opened its new office in Sharjah, a significant milestone in the company’s growth journey and its commitment to serving its clients in the Northern Emirates and across the UAE. The opening ceremony was attended by Walid Al Sayegh, Group CEO of Sharjah Asset Management ..read more
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Lunate launches Chimera iBoxx US Treasury Bill exchange-traded fund
GCC Business News » Banking & Finance
by Arya M Nair
1d ago
Lunate Capital, an Abu Dhabi-based global investment management firm regulated by the Securities & Commodities Authority (SCA), has launched the Chimera iBoxx US Treasury Bill ETF. Soon to be listed on the Abu Dhabi Securities Exchange (ADX), the Chimera iBoxx US Treasury Bill ETF will track the iBoxx USD Treasury Bills Mid Price Index which ..read more
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QIIB, Visa sign partnership agreement to enhance card payments
GCC Business News » Banking & Finance
by News Desk
1d ago
Qatar International Islamic Bank (QIIB), a leading privately-owned commercial bank in Qatar that offers Islamic banking services, has signed a partnership agreement with Visa, focused on enhancing card payments and driving digital transformation. The partnership agreement was signed by Dr. Abdulbasit Ahmed Al Shaibei, CEO at QIIB, and Dr. Saeeda Jaffar, SVP and Group Country ..read more
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Oman’s Bank Nizwa unveils ‘Priority Banking Services’
GCC Business News » Banking & Finance
by News Desk
3d ago
Bank Nizwa, the leading and most trusted Islamic bank in the Sultanate of Oman, has unveiled ‘Priority Banking Services’, reaffirming its commitment to delivering unparalleled Sharia-compliant financial solutions to high-net-worth individuals. This highlights the bank’s dedication to elevating banking experience, complemented by an array of exclusive benefits and comprehensive portfolio management solutions. Encompassing a wide ..read more
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BENEFIT with Kuwait’s CINET launch credit information exchange
GCC Business News » Banking & Finance
by Arya M Nair
3d ago
BENEFIT, Bahrain’s innovator and leading company in Fintech and electronic financial transactions service, and Kuwait Credit Information Network Company (CINET) have launched the credit information exchange to facilitate commercial credit inquiries between Kuwait and Bahrain. This step comes in line with the GCC Supreme Council decision approving the exchange of credit information between GCC member ..read more
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UAE issues cabinet decision on Top-up Tax for Multinational Enterprises
GCC Business News » Banking & Finance
by Arya M Nair
3d ago
The UAE Ministry of Finance has issued a Cabinet Decision on the introduction of the Top-up Tax for Multinational Enterprises, providing further details on the UAE Domestic Minimum Top-up Tax (UAE DMTT). The UAE DMTT is closely aligned with the GloBE Model Rules issued by the Organization for Economic Co-operation and Development (OECD). The UAE ..read more
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DIFC introduces ‘Dubai Financial Experts Program’
GCC Business News » Banking & Finance
by News Desk
4d ago
The Dubai International Financial Centre (DIFC) has introduced the ‘Dubai Financial Experts Program’, aimed at cultivating the next generation of Emirati leaders to drive innovation within financial institutions in Dubai, the UAE, and globally. The pioneering program, designed to graduate Emirati leaders, is being delivered in collaboration with the Mohammed bin Rashid Center for Leadership ..read more
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Tax Systems rolls out ‘Alphatax’ in UAE
GCC Business News » Banking & Finance
by News Desk
5d ago
Tax Systems, the global tax and accounting software provider, has rolled out its flagship product ‘Alphatax’, the UK and Ireland’s number one corporation tax compliance software, in the UAE. Alphatax has been meticulously adapted to cater to the unique needs of the UAE’s recently launched corporate tax framework. This ensures businesses can effortlessly and accurately ..read more
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OAB to launch new suite of commercial banking services
GCC Business News » Banking & Finance
by Shilpa Annie Joseph
5d ago
Oman Arab Bank (OAB) is preparing to launch a new range of commercial banking services specifically designed for small and medium enterprises, corporate clients, and government entities, in its ongoing commitment to lead the banking sector. OAB is one of the leading financial institutions in Oman, offering a wide range of banking services and solutions ..read more
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BankDhofar opens Al Ghubrah branch to enhance relations
GCC Business News » Banking & Finance
by Shilpa Annie Joseph
5d ago
BankDhofar, Oman’s second-largest bank by branch network, has inaugurated a new branch in Al Ghubrah, Muscat Governorate, as part of its ongoing efforts to enhance accessibility and foster lasting relationships with customers. The new branch underscores the bank’s commitment to delivering high-quality products, services, and financing solutions tailored to diverse customer needs. Further, with the ..read more
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