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DUBAI NEWS

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Dubai Offers Instant VAT Refunds For Chinese Tourists
Chinese tourists to Dubai can now benefit from instant VAT refund capabilities at Dubai Airports via the We Tax Refund on the WeChat Mini Program, launched by Chinese tech giant, Tencent, and international payments service provider.

DIFC Announces Enactment Of Financial Collateral And Security Regulations
Dubai International Financial Centre (DIFC), today announced that the Board of Directors of the DIFC Authority has issued the Financial Collateral Regulations and Security Regulations which came into force on 1 November 2019.

Dubai Islamic Bank Group 3rd Quarter 2019 Financial Results
Dubai Islamic Bank (DFM: DIB), the largest Islamic bank in the UAE, today announced its results for the period ending September 30, 2019.

Mashreq Posts AED 1.8 Bn Net Profit For 9M 2019
Mashreq, one of the leading financial institutions in the UAE, today has reported its financial results for the nine months ending 30th September 2019.

HE. Abdul Aziz Al Ghurair Elected As The Chairman Of The Board Of Directors Ahmed Abdelaal Appointed As CEO
Mashreq today announced two major leadership appointments. Mr. Abdullah Ahmed Al-Ghurair after serving for 23 years has decided to step down from the position of Chairman of Mashreq Bank though he will continue to be a board member.

DIFC Celebrates Ranking As 8th Best Global Financial Centre By Ringing Nasdaq Dubai Market-Opening Bell
His Excellency Essa Kazim, Governor of DIFC, today rang the Nasdaq Dubai market-opening bell to mark Dubai soaring into the top ten of the Global Financial Centres Index (GFCI).

DFM implements new measures for loss-making companies based on financial results of Q3 of 2019
The Dubai Financial Market, DFM, today announced the implementation of the Securities and Commodities Authority’s, SCA, new measures concerning companies reporting losses of 20 percent and above of the issued capital based on the financial results of the third quarter of 2019.

Hamdan bin Mohammed receives UAE team participating in FIRST Global DXB Challenge
Dubai Future Foundation is organising the event under the theme ’Ocean Opportunities’.

Hamdan bin Mohammed calls on city to be ’In It Together’ for 2019 Dubai Fitness Challenge
The DFC is our mission to unify the city in one truly inclusive fitness movement, with a common goal of achieving and maintaining active lifestyles.

DMCC awarded ’Global Free Zone of the Year’ for fifth consecutive year
The DMCC Free Zone added over 1800 new members in 2018, and almost 1000 in the first half of 2019.

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