Introduction to Corporate Resolution.

A corporate resolution is a formal document that is approved by a company’s board of directors or shareholders that outlines a specific action or course of action that the company intends to take. Resolutions are typically used to authorize major financial decisions, such as issuing new shares of stock, issuing bonds, or authorizing a merger … Read more

Understanding the Emirates Interbank Offered Rate (EIBOR).

The Emirates Interbank Offered Rate (EIBOR) is the interest rate at which banks offer to lend money to one another in the interbank market in the United Arab Emirates (UAE). The EIBOR is set by the Emirates Banking Association (EBA) and is used as a reference rate for UAE Dirham (AED) denominated loans and deposits. … Read more