Aafaq Islamic Finance announces 68% increase in profits in 2020

“آفاق الإسلامية للتمويل” تحقّق زيادةً في الأرباح بنسبة 68%

Despite the repercussions of the current global pandemic, Aafaq Islamic Finance, the leading institution in the financial sector across the UAE and the region, revealed profitable results of the Annual General Meeting of shareholders held for the fiscal year 2020. The meeting was held remotely in the presence of members of the company’s board of directors, representatives of the Ministry of Economy, the Fatwa and Sharia Supervisory Board, external auditors and the Central Bank last Wednesday. At the meeting which was chaired by Mr. Matar Hamdan Al Ameri, Second Vice…

Iron Mountain asserts its support to businesses in the UAE during their digital transformation journey

«آيرون ماونتن» توفر للشركات”حلول مركز السياسات”

“Policy Centre Solution” is now available in the UAE Iron Mountain Incorporated (NYSE: IRM), the storage and information management services company has recently expanded its services portfolio in the United Arab Emirates (UAE) with the introduction of the “Policy Centre Solution” program. “Policy Centre Solution” is a cloud-based retention and privacy policy management platform that provides a user-friendly way for companies to know their obligations and show compliance. This is of course adapted to the UAE’s legal regulations. Additionally, it is tailored to incorporate the unique guidelines that the company…

Saudi banks have thrived rather than survived ; a dynamic outlook for 2021

كي بي إم جي: توقعات باستمرار قوة أداء القطاع المصرفي

KPMG Report: Despite pandemic, Saudi banks have thrived rather than survived; a dynamic outlook for 2021  KPMG’s latest report on the financial sector, Banking Perspectives 2021, records the sector seen moving towards a better year. Backed by government reforms, halt in credit losses (ECL), stable liquidity, stronger CAR, and transformational changes, banks are heralding stable year, as compared to a shaky outlook in the corresponding period last year. KPMG reported that the 11 Tadawul-listed banks stayed resilient at the end of 31 December 2020 reflecting signs of recovery since uncertainties…

The Qatar General Tax Authority and Invenio

launch integrated digital tax administration system on SAP S/4HANA® Aims to increase taxpayer compliance and transform the tax landscape, in the State of Qatar Dubai, United Arab Emirates, 21st Feb 2021 – The General Tax Authority (GTA) and implementation partner Invenio Business Solutions successfully launched a state-of-the-art​ digital tax administration system, in the State of Qatar. The new system has transformed the tax administration lifecycle, digitalising existing services and making them 100% contactless. Over 58,000 taxpayers have already registered on the comprehensive new system, which supports multiple revenue types and offers access…

Can Pinterest stock become the next Facebook?

Can Pinterest stock become the next Facebook?

Dubai, United Arab Emirates, (AETOSWire): The Social media platform Pinterest was founded in 2003 and it went public in April 2019. It began its first day of trading up 25% at $23.75. The platform allows users to “pin” posts to digital “boards” on topics of interest. Pinterest (NYSE: PINS) stock has a market capitalisation of US$52 billion and the company’s price-to-book ratio stands at 23.7%. Recently, the stock climbed to fresh all-time highs after blowout Q4 financial results. Pinterest has beat expectations on the last three earnings reports. On February…