DUBAI / WAM National Bank of Fujairah (NBF), inaugurated its first international representative office in Antwerp Diamond District, Belgium, the largest rough trading hub in the world. This falls in line with the bank’s strategy to further cement its position as the leading financial partner for clients in the industry through its unparalleled sector expertise and bespoke solutions. The new ...

Dubai / WAM The avoidance of double taxation agreement signed between the United Arab Emirates and Saudi Arabia has come into effect at the beginning of this month, after both countries completed the necessary procedures in accordance with their regulations. The UAE, represented by the Ministry of Finance (MoF), signed the agreement with Saudi Arabia on the avoidance of double ...

Bloomberg Stronger-than-expected new-car sales last month belied a dirty little secret: Automakers have been selling more vehicles to rental fleets in recent months to prop up volume. Deliveries to rental-car companies and other non-retail buyers accounted for more than a third of total sales last month for Ford Motor Co and Nissan Motor Co, according to data from researcher Cox ...