Sunday 24 September 2017

KPMG event to focus on challenges facing family businesses

The latest trends, opportunities and challenges for family business groups will be probed during the Middle East and South Asia (MESA) Family Business Conference, being organised by KPMG on October 3 and 4 at Meydan hotel in Dubai. Attendees will also gain insight from subject ma


Key conclave to catalyse India-UAE ties

With India and the UAE forging strategic ties across a spectrum of shared interests, this is an opportune time for key stakeholders from both nations to engage in strategic discussions and catalyse economic growth. A major conference this week in Dubai will aim to strategically c


AIM Startup forms partnerships with key Saudi firms

AIM Startup, a major initiative by the UAE Ministry of Economy and part of the Annual Investment Meeting (AIM), has partnered with key Saudi Arabian institutions that will help spearhead entrepreneurship in the region. Dawood Al Shezawi, chief executive officer of AIM Startup, ha


Saudi tax board approves VAT regulations

The General Authority of Zakat and Tax (GAZT) in Saudi Arabia said its board of directors has approved the VAT Implementing Regulations ahead of its introduction in the kingdom starting from January 1. The GAZT meeting, chaired by Minister of Finance Mohammed Al Jadaan, stated th


ADGM starts e-prudential reporting system

Abu Dhabi Global Market (ADGM), a major international financial centre, has signed up CoreFiling, one of the world’s most influential suppliers of financial reporting and XBRL compliance technologies, to implement its electronic prudential reporting system. The e-prudential


Pearl Initiative roundtable focus on anti-corruption

The Pearl Initiative, a leading not-for-profit organisation working to improve corporate transparency across the region, recently hosted a roundtable discussion in partnership with Siemens on integrity practices in the region. Experts from international, regional and local Bahrai


DGCX’s Dubai India Crude Oil Futures named best new derivatives contract

The Dubai Gold and Commodities Exchange’s Dubai India Crude Oil Futures (DICO) contract has been recognised as the ‘Best New Derivatives Contract’ at this year’s FOW Global Investor Asia Capital Markets Awards 2017. The ceremony took place late last week at the


Global FinTech leaders to take centre-stage at Abu Dhabi summit

Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, has brought together a dynamic line-up of global FinTech leaders, innovators, financial regulators and trend-setters at the upcoming FinTech Abu Dhabi in October.   This will also b


IFC to invest $150m in Egypt agriculture sector

The International Finance Corporation (IFC) has agreed to pump $150 million in direct investments in Egypt’s agriculture sector in partnership with the country’s private sector, a senior Egyptian government official said. The investments aim at developing the country&


Qatar Insurance Company unit's IPO 'a big draw'

OQIC, a premier insurer in Oman, is offering 25 million offer shares at an offer price of 160 baisa per offer share, (comprising a nominal value of Bzs 100 per offer share, premium of Bzs 58 per offer share and offer expenses of Bzs 2 per offer share). Following the IPO, the comp

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