Tuesday 20 August 2019

GCC IPO activity picks up pace in Q2: PwC

A slight increase in IPO activity marked the second quarter of this year, offering some optimism for GCC markets with two companies listing on Saudi Arabia’s Tadawul, said professional services firm PwC in its GCC Capital Markets Watch. A slight increase in IPO activity mar


UAE launches new system to register excise goods

The UAE’s Federal Tax Authority (FTA) has launched a new electronic system for registering excise goods as part of its plans to continuously develop the tax system as a whole, and excise tax procedures, in particular. The new system offers accurate and transparent procedure


Dubai issues 14,737 new licences during H1

The Business Registration and Licensing (BRL) sector in the Department of Economic Development (DED)  Dubai issued 14,737 new licences during the first half (H1) of 2019, a media report said. Among the new licences, 52 percent were Commercial (7,648), 45 percent Professional


ADX achieves 97pc Q2 disclosure compliance

Abu Dhabi Securities Exchange (ADX), the region's leading financial market, has announced that it has succeeded in achieving a compliance rate of 97 per cent regarding the disclosure of the second quarter financial statements 2019 of its listed public joint stock companies, domestic and f


Central Bank of Bahrain issues rules for insurance aggregators

The Central Bank of Bahrain (CBB) has issued the final rules on “insurance aggregators”.    Abdul Rahman Al Baker, executive director of financial institutions supervision, said: “The introduction of insurance aggregator rules


Adnec contributes $626m to Abu Dhabi Economy in H1

Abu Dhabi National Exhibitions Company (Adnec) said that Abu Dhabi National Exhibition Centre (Adnec) and Al Ain Convention Centre (AACC), the UAE Capital’s leading event venues, contributed a whopping Dh2.3 billion to the Abu Dhabi economy in the first half (H1) of 2019. T


Ajman Free Zone partners with Dubai Insurance

Ajman Free Zone has signed an agreement with Dubai Insurance to provide insurance services to workers employed by companies operating within the Free Zone. The new service will replace the current bank guarantee system and will cover all workers’ dues including the end of s


iPayLinks to expand on ME cross-border market

China-based iPayLinks, a leading provider of cross-border payment services, is aiming to build up the one-stop payment solution for the Middle East cross-border businesses. iPayLinks already has a licensed branch in Dubai, UAE as well as a Sagia licensed subsidiary in Riyadh, Sau


GCC economic growth seen at 3.2pc in 2020

GCC’s economic growth is projected to reach 3.2 per cent in 2020 and stabilize to 2.7 per cent in 2021 as compared to 2.1 per cent in 2019, said the organisers of the upcoming Gulf Trade Finance Summit in Dubai, citing a World Bank report. To facilitate the rising wave of e


UAE to play lead role investing in Zimbabwe

Bilateral relationship between the UAE and Zimbabwe will grow to be three times greater than that of today in the near future, said the UAE Ambassador to Zimbabwe, Mahash Saeed Salem Mahash Al Hameli. The Ambassador was quoted while recently leading a high level delegation and pa

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