Etihad Credit Insurance (ECI) Wins ‘Deal Of The Year’ Award During Its Participation As Strategic Sponsor At TXF Global 2025 Conference In Copenhagen – Dubai Blog
Etihad Credit Insurance (ECI), the UAE’s federal export credit company, participated as a strategic sponsor in the TXF Global 2025 conference, held in Copenhagen, Denmark, from June 10 to 12, 2025. As one of the world’s leading international trade and project finance conferences, the event brought together over 1,500 participants from export credit agencies, project finance experts and leaders from around the globe. The participation and recognition emphasized ECI’s ongoing commitment to enhancing its global presence and strengthening its position as a key enabler of the UAE’s non-oil exports while supporting the ‘We the UAE 2031’ vision, which ...
RDA plans to recover its real estate from RMC
RAWALPINDI: The Rawalpindi Development Authority (RDA) has decided to recover its billions of rupees worth of land from Rawalpindi Metropolitan Corporation (RMC).A meeting of the RDA board noted that for the past 25 years, RMC has been collecting rent from 562 shops and open sheds present on 14 kanals of land which actually belong to the authority.According to the minutes of the meeting, it has been decided that RDA Chairman Tariq Mahmood Murtaza and Director-General Ammara Khan will take up the matter with the RMC administrator and Rawalpindi commissioner for the possession of the above-mentioned shops and sheds.The ...
Emirates NBD Wins Record Eight Awards At Euromoney Awards For Excellence 2025 – Dubai Blog
Emirates NBD, a leading banking group in the Middle East, North Africa and Türkiye (MENAT) region, is celebrating its success at the Euromoney Middle East Awards for Excellence 2025 with eight new wins. Surpassing its 2024 performance at the awards, Emirates NBD has won five regional awards including the “Middle East’s Best Bank”. Recording exceptional financial performance in 2024, Emirates NBD announced net profit of AED 23 billion, up 7%, while credit showed standout growth. Emirates NBD’s international operations now account for 31% of total income, reflecting the success of its expansion strategy across the GCC, Asia and Europe. ...
Govt faces pressure to reverse real estate taxes
ISLAMABAD: The government has come under increasing pressure from influential quarters to reverse real estate sector taxation measures, which it had introduced nine months ago to increase paltry contribution from the sector, and announce the move as part of an economic relief package to fight the global coronavirus pandemic.The government is discussing the proposal of not charging up to 20% capital gains tax (CGT) if a plot is sold after keeping it for 1,095 days instead of the current period of 2,921 days, according to sources in the Federal Board of Revenue (FBR).At present, the tax is exempted ...
Nasdaq Dubai Welcomes ICBC’s Multi-Currency Green Bond Listings Totalling $1.72bln – Dubai Blog
Nasdaq Dubai today welcomed the listing of three Green Bond issuances totaling USD 1.72 billion by Industrial and Commercial Bank of China Limited (ICBC). The bonds were issued under the bank’s USD 20 billion Global Medium Term Note Programme by its branches in Dubai (DIFC), Hong Kong, and Singapore. The listings include: ICBC Hong Kong Branch: USD 1,000,000,000 Floating Rate Notes due 2028 ICBC Singapore Branch: USD 300,000,000 4.125% Notes due 2028 ICBC Dubai (DIFC) Branch: CNH 3,000,000,000 2.00% Notes due 2028 These issuances further strengthened ICBC’s position as the leading Chinese issuer, as well as the leading ...
Real estate, construction sector wins relief
KARACHI: The real estate and construction industry remained the main focus of the Pakistan Tehreek-e-Insaf (PTI) government in the budget for FY21 as it reduced taxes and allocated funds for giving a boost to construction and allied industries in an attempt to revive economic growth and create job opportunities.The government, however, kept complete silence on proposed changes to mobilise new investment in the Pakistan Stock Exchange (PSX), which is considered a barometer to gauge economic performance of the country.The government is giving "relief in taxes on the income on sale of immoveable property (real estate)," Federal Minister for ...
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