finance


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UAE Ministry Of Finance Approves First Purchase Invoice With VAT (2 January 2018)
Following its commitment to the UAE’s various government finance procedures, laws and regulations; the Ministry of Finance (MoF) has today issued the first VAT inclusive purchase order, and approved the first VAT invoice on its federal financial system.



Dubai Islamic Bank Wins Four Prestigious Accolades At Islamic Business And Finance Awards 2017 (13 December 2017)
Dubai Islamic Bank (DIB), the largest Islamic Bank in the UAE, picked up four major awards at the Islamic Business and Finance Awards 2017.



flydubai Uses New Structures To Finance Its fleet Of MAX Aircraft (11 December 2017)
Dubai-based flydubai, today announced, that it has closed two new financing structures: a Japanese Operating Lease with a Call Option (JOLCO) and an Aircraft Finance Insurance Consortium (AFIC) insured debt financing structure, to support the airline’s strategy of integrating the Boeing 737 MAX 8.



Emirates Islamic Announces Year-End Personal Finance Sale (5 December 2017)
Emirates Islamic, one of the leading Islamic financial institutions in the UAE, announced its Personal Finance Sale, enabling customers to benefit from discounted profit rates starting from 2.79 per cent flat p.a. until 23 December 2017.



Dubai International Financial Centre Promotes Innovation and Smart Finance at Gitex 2017 (9 October 2017)
Dubai International Financial Centre (DIFC), the leading financial hub in the Middle East, Africa, and South Asia region (MEASA), today marked its first participation in the annual GITEX Technology Week.



UAE Cabinet approves establishment of UAE Council for Fatwa and Sharia Board for Banking and Finance (30 May 2017)
The Council will ensure that religious scholars advocate moderate Islam and eliminate any source of conflict among existing and future fatwa.



Dubai’s USD 3 billion Airports Finance Deal Secured (14 May 2017)
The Facilities will be used for the expansion and the development of the Dubai International Airport (DXB) as well as the Al Maktoum International Airport (DWC).



Nasdaq Dubai and Bourse de Tunis sign MoU for collaboration on listings and Islamic finance solutions (9 March 2017)
Nasdaq Dubai and Bourse de Tunis have signed a Memorandum of Understanding (MoU) to explore collaboration possibilities, including initiatives regarding existing and future issuers and listings on the two exchanges.



Africa Finance Corporation carries out USD 150 million Sukuk transaction on Nasdaq Dubai Murabaha platform (25 February 2017)
Africa Finance Corporation (AFC) has carried out a 150 million US dollar Islamic financing transaction on the Murabaha platform of Nasdaq Dubai, the international financial exchange serving the Middle East and Africa.



Dubai Chamber set to host global finance symposium (7 December 2016)
The Dubai Chamber of Commerce and Industry and the University of Dubai will jointly host the two-day World Finance and Banking Symposium at the university’s new premises in Dubai Academic City on December 14th and 15th.






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