Abu Dhabi to Strengthen Egypt Ties With Deals Worth US $ 2 B
An Abu Dhabi wealth fund agreed with Egypt to invest about $2 billion by buying state-held stakes in some companies, including the country’s largest listed bank. Part of the agreement with ADQ involves it buying about 18% of Commercial International Bank, said the people who asked not to be identi
UAE Income Tax Is Not on the Table for Now
The United Arab Emirates will not introduce an income tax for the time being, a senior official said, weeks after the Gulf nation unveiled a new company tax as part of an effort to shed its tax haven image. The Gulf country said earlier this year it would impose a 9% corporate tax starting in [&hell
Abu Dhabi’s IHC Unit Raises $13.1 Billion From Direct Listing
Multiply Group, a subsidiary of Abu Dhabi’s International Holding Company, raised 48 billion Dirhams ($13.1 billion) in a direct share listing. Shares in the tech-focused holding company surged following the listing, closing at 2 dirhams apiece Sunday, 80% higher than the launch price of 1.11 Dirh
Dubai Police adds to its Fleet the Cadillac CT5
Dubai Police announced today the expansion of its exclusive fleet of premium vehicles with the addition of the luxurious Cadillac CT5, with the safety and security of Dubai residents in mind. Starting today, residents will spot the compact sedan on the roads of Dubai as a police patrol car. In line
CBD Wins “Employee Engagement Champion” Award by LinkedIn Talent Awards MENA
Commercial Bank of Dubai (CBD), one of the leading banks in the UAE, was crowned “Employee Engagement Champion” by LinkedIn Talent Awards MENA. The award was received by Dr. Bernd van Linder, Chief Executive Officer of Commercial Bank of Dubai at a ceremony held recently at CBD’s Head