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Money Matters

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Sharjah Islamic Bank Successfully Completes the Sale of All Treasury Shares
October 26th, 2025 - 09:30 GMT

Sharjah Islamic Bank Successfully Completes the Sale of All Treasury Shares

Sharjah Islamic Bank (SIB) announced the successful sale of all its treasury shares, amounting to 167.67 million shares, representing 5.18% of the Bank’s total share capital. The sale was completed shortly after the announcement of SIB’s third-quarter financial results and attracted strong demand from investors, reflecting growing confidence in the Bank’s solid performance and robust financial position. HE Mohamed Abdalla, CEO of Sharjah Islamic Bank, stated that the strong investor interest in SIB’s shares underscores confidence in its financial strength and sustainable growth strategy. He added that the positive third-quarter ...
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Theme parks in the UAE could be subject to the new tax, starting from 2018. (Courtesy of IMG Worlds)
September 19th, 2017 - 11:54 GMT

VAT to Increase Theme Park Ticket Prices in UAE: Tax Experts

While cash remains king in the UAE, consumers are becoming less reliant on paper money. (File photo)
September 17th, 2017 - 02:23 GMT

Technology Is Changing the Way UAE Residents Spend Money: Here’s How

Apple confirmed that Apple Pay is scheduled to roll out in the UAE before the end of the year. (AFP)
September 14th, 2017 - 01:49 GMT

Apple Pay to Launch in UAE by End of 2017

A new study has identified four actions that can help UAE residents better prepare for the future. (File photo)
September 14th, 2017 - 01:25 GMT

4 Easy Steps to Long-Term Financial Planning If You Live in the UAE

There are a lot of great deals now available in Dubai's property market. (File photo)
September 11th, 2017 - 02:20 GMT

Dubai Property: 7 Reasons Why You Should Buy a Home in Dubai This Year

Are you ready for VAT? (File photo)
September 6th, 2017 - 12:38 GMT

Consumer's Guide: Zero-Rated and Exempt Goods in UAE's VAT Law

On January 1, 2018, the value-added tax (VAT) will come into effect for the first time in the UAE. (File photo)
September 5th, 2017 - 12:34 GMT

How Small Businesses Can Manage VAT Compliance in UAE

Companies need to prepare for VAT, and now. (File photo)
September 4th, 2017 - 02:50 GMT

How Technology Can Ease Your VAT Burden in UAE

The spiraling cost of education remains a major concern for 80 percent of parents in the UAE. (Shutterstock)
August 31st, 2017 - 12:11 GMT

How to Handle Back-to-School Expenses in the Middle East

Here is good news for UAE residents: There will be no value-added tax (VAT) on air travel, tuition fees and doctor's fees. (File photo)
August 29th, 2017 - 01:26 GMT

Good News for UAE Residents: No VAT on Air Travel, School Fees or Doctor's Bill

The UAE is introducing a 5 percent value-added tax (VAT) as of January 2018. (File photo)
August 29th, 2017 - 12:25 GMT

Pay Zero VAT on These Goods, Services in the UAE

While the 1 percentage point rise in VAT from 10 percent to 11 percent has been widely talked about, it is only one of a raft of new taxes. (File photo)
August 24th, 2017 - 01:54 GMT

VAT in Lebanon: How Much of Your Paycheck Will Go for Taxes?

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