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UAE banks lead Gulf peers with $748bn assets in H1 - Dotemirates

UAE banks lead Gulf peers with $748bn assets in H1

Abu Dhabi / WAM The UAE banking sector has continued to top other GCC counterparts in terms of assets value during H1 2018, with a total value of AED2.7 trillion ($748 billion), a growth of2 percent compared to the end of 2017.According to industry experts, the UAE banking sector’s leading edge corroborates the robust financial solvency it enjoys given the open financial and economic policy being adopted by the country, which resulted in encouraging many international financial institutions to invest in this sector.The Saudi banking sector came second with a total asset value of $617 billion in H1 2018 followed...


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UAE News

1 hour 26 minute

Dubai center pays off woman's Dh45,000 rent dues; here's why

The Dubai Rental Disputes Center (RDC) - the judicial arm of the land department - has paid off Dh45,000 rent arrears against a woman suffering from cancer, reports Emarat Al Youm. Judge Abdul Qader Mousa, RDC chairman, said some cases are considered on special humanitarian grounds, and the center decides to help the affected in such situations. For all such cases, the RDC has established the 'Yadul Khair' committee, which comes to the rescue of the afflicted, he added. RDC Judge Abdulaziz Abdulrahman Ali Anwahi, president of 'Yadul Khair' committee, said the center took a decision not to take any...
1 hour 57 minute

UAQ Ruler congratulates Custodian of Two Holy Mosques on Saudi National Day

UMM AL QAIWAIN, 22nd September, 2018 (WAM) -- H.H. Sheikh Saud bin Rashid Al Mu'alla, Supreme Council Member and Ruler of Umm Al Qaiwain, has sent a message of congratulations to the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud of Saudi Arabia, on the occasion of the Kingdom's 88th National Day. H.H. Sheikh Rashid bin Saud bin Rashid Al Mu'alla, Crown Prince of Umm Al Qaiwain, also sent similar messages to the Custodian of the Two Holy Mosques, and Prince Mohammed bin Salman bin Abdulaziz Al Saud, the Saudi Crown Prince and Vice President of...
2 hour 9 minute

Cancer-stricken woman's Dh45,000 rent dues paid off in Dubai

The Dubai Rental Disputes Center (RDC) - the judicial arm of the land department - has paid off Dh45,000 rent arrears against a woman suffering from cancer, reports Emarat Al Youm. Judge Abdul Qader Mousa, RDC chairman, said some cases are considered on special humanitarian grounds, and the center decides to help the affected in such situations. For all such cases, the RDC has established the 'Yadul Khair' committee, which comes to the rescue of the afflicted, he added. RDC Judge Abdulaziz Abdulrahman Ali Anwahi, president of 'Yadul Khair' committee, said the center took a decision not to take any...

2 hour 10 minute

Sultan bin Zayed greets Saudi King on 88th National Day

ABU DHABI, 22nd September, 2018 (WAM) -- H.H. Sheikh Sultan bin Zayed Al Nahyan, the President's Representative, sent a message of congratulations to the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud of Saudi Arabia, on the occasion of the Kingdom's 88th National Day. In his message, Sheikh Sultan bin Zayed expressed his sincere congratulations and well-wishes to the Saudi King and the Kingdom's people. He highlighted the strong role the Kingdom plays in advancing regional, Arab and Islamic countries across various sectors. His Highness also sent a similar message of congratulations to Prince Mohammed bin...
2 hour 13 minute

DLD Service Centres serve 39,000 investors, attain AED131 billion in investments

DUBAI, 22nd September, 2018 (WAM) -- Dubai Land Department, DLD, has announced that its service centres across the emirate have served more than 39,000 investors, after helping them complete their investments with a total value of AED 131 billion during the period from January to 31st August, 2018. In the latest report issued by DLD, the number of transactions provided in service centres during the period mentioned amounted to 42,000, distributed between 24,000 transactions for the transfer of ownership, and 18,000 that provided excellent services to investors. Sultan Butti bin Mejren, DLD Director-General, said, "The demand for service centres is...
2 hour 15 minute

VAT refund scheme: 4 conditions for UAE retailers to register in system

The Federal Tax Authority (FTA) on Saturday announced four conditions for retailers to register in the digital system of the Tax Refund Scheme for Tourists, which will come into effect as of the fourth quarter of this year. The FTA set condition that the retailer must be registered with the FTA and have a tax registration number (TRN); the supplier's sales of goods must not be excluded from the refund scheme; the retailer must submit a request to participate in the Scheme as determined by the FTA; and finally, the retailer must meet the financial credit requirements specified by the...