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    EFG Hermes shares jump 16% after FAB’s offer

    EFG Hermes shares jump 16% after FAB’s offer

    09 Feb 2022

    Inayat-ur-Rahman, Business Editor EFG Hermes Holding shares jumped by 15.95 per cent after an offer from First Abu Dhabi Bank (FAB) to acquire the group’s shares, traded at...

    UAE to introduce new tax on business profits, effective from next year

    UAE to introduce new tax on business profits, effective from next year

    31 Jan 2022

    The Ministry of Finance has announced that the UAE will introduce a federal corporate tax on business profits that will be effective for financial years starting on or after 1st...

    Asia looks to China-focused trade bloc for virus recovery in 2022

    Asia looks to China-focused trade bloc for virus recovery in 2022

    31 Dec 2021

    Members of a China-centered Asian trade bloc that takes effect Jan. 1 are hoping the initiative, encompassing about a third of world trade and business activity, will help power their...

    Abu Dhabi to finance Dhs24 million Mauritania fishing port project

    Abu Dhabi to finance Dhs24 million Mauritania fishing port project

    15 Sep 2021

    Abu Dhabi Fund for Development (ADFD) has signed a Memorandum of Understanding with the Government of Mauritania to finance a major refurbishment and modernisation project valued at around Dhs24 million...

    Adnoc registers record net profit of Dhs1.15 billion in first half of 2021

    Adnoc registers record net profit of Dhs1.15 billion in first half of 2021

    10 Aug 2021

    Staff Reporter, Gulf Today Adnoc Distribution, the UAE’s largest fuel and convenience retailer, which is listed on the Abu Dhabi Securities Exchange (ADX), on Tuesday reported that its first...

    UAE’s real estate retail sector set to hit $58 billion in sales by end of this year

    UAE’s real estate retail sector set to hit $58 billion in sales by end of this year

    30 Jul 2021

    Staff Reporter, Gulf Today Post-COVID-19, the UAE’s real estate retail sector is demonstrating its strengths, with it being projected to hit $58 billion in sales by the end of...

    ME asset management industry posts double-digit growth in 2020

    ME asset management industry posts double-digit growth in 2020

    20 Jul 2021

    The disruptive nature of the COVID-19 health crisis has been unrelenting, with repercussions implicating all societal areas. Yet despite the unprecedented turbulence of late, the asset management industry in the...

    NBF posts an encouraging set of results with profit growth of 17.1%

    NBF posts an encouraging set of results with profit growth of 17.1%

    18 Jul 2021

    National Bank of Fujairah (NBF) is pleased to announce its results for the six-month period ended 30 June 2021. NBF posted a net profit of Dhs76.2 million for the six...

    UAE and Germany aim to boost trade, investment collaboration

    UAE and Germany aim to boost trade, investment collaboration

    03 Jul 2021

    Mariam Almheiri, UAE Minister of State for Food and Water Security, concluded a four-day trip to Germany, where she discussed potential areas of collaboration with local and state government officials....

    British manufacturers boom but bottlenecks pushing up prices

    British manufacturers boom but bottlenecks pushing up prices

    20 May 2021

    British manufacturers reported the fastest growth in orders since December 2017 in May but fear supply-chain bottlenecks will cause their costs to rise sharply, according to a survey which adds...

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