In a strong show of support for local companies in the manufacturing sector, Emirates Development Bank (“EDB” or “the Bank”), the financial engine for UAE economic development and industrial …
UAE imposes Dh65.9 million fines on 137 firms for not following anti-money laundering rules
In the first quarter of 2023, the Ministry of Economy imposed fines worth Dh65.9 million on 137 companies operating in the UAE’s designated non-financial business or professions (DNFBP) sector, …
UAE announces over $1.6B in industrial projects including hydrogen plant
His defenders argue that he is well-placed to oversee the negotiations given that he also is chairman of UAE renewables company Masdar. Business and policy professionals use PRO to monitor the …
UAE’s Ministry of Economy slaps fines worth Dhs65.9m on 137 firms
It follows an inspection of 840 companies for failing to comply with the anti-money laundering and combating the financing of terrorism (AML/CFT) legislation.
Explainer: Understanding UAE’s first-ever corporate tax
Taxes are increasing across the Gulf, and the UAE is seeking to boost tax compliance as well as cut down on money laundering.
UAE says it has stopped taking part in U.S.-led Gulf maritime coalition
The United Arab Emirates said on Wednesday it was no longer taking part in operations by a U.S.-led task force protecting Gulf shipping, which has been subjected to renewed tanker seizures by Iranian …
Mansion Global Daily
Rihanna Lists Her Beverly Hills Home, the Ultra-Wealthy Are Planning to Spend Big in Dubai, and More Rihanna listed one of her Los Angeles-area homes on Tuesday for $10.5 million. The 35-year-old pop …
UAE & Hong Kong to Collaborate on Crypto Policy, Look to Partner on Financial Services
Loredana Matei, CEO of Jensen Matthews PR, and Finsight News, shared his perspective on the announcement calling it a significant development in the global …
SCCI’s trade mission highlights Sharjah’s investment landscape
The Sharjah Chamber of Commerce and Industry (SCCI) has taken the next step in its trade mission in the Republic of India, staging the “UAE-India Business Forum” in New Delhi. The forum discussed the …
Sharjah Housing Programme provides AED8.9 billion in housing aid over a decade
Dr. Khalifa Musabah bin Ahmed Al Tunaiji, Head of the Sharjah Housing Programme, said that H.H. Dr. Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, has directed to …
Dubai Government Investment Fund Posts Record Profits As Local Economy Bounces Back
Investment Corporation of Dubai has reported a record profit of $9.8 billion for 2022, helped by high oil prices and a rebound in tourism …
Dubai’s Luxury Real Estate Sales Drive Global Rebound
The number of properties selling for more than $10 million jumped in the first quarter as the super-prime market bounced back.
Q Holding and Trojan General Contracting forge partnership to build 1742 villas for Emiratis in Abu Dhabi
The two agreements follow the partnership between Q Holding and Abu Dhabi Housing Authority to develop the two regions in line with Abu Dhabi’s Vision 2030 to build …
EDB unveils $115m in major financing deals at Forum
Emirates Development Bank (EDB), the financial engine for UAE’s economic development and industrial advancement, has unveiled a comprehensive set of approvals for financing deals totalling AED424 …
Abu Dhabi intensifying efforts to attract more investment in industrial sector
Abu Dhabi is doubling down on its efforts to attract more investment in its industrial sector and support the growth of the economy, according to the chairman of the Abu Dhabi Department of Economic …
Sheikh Mohammed announces Dubai Palm Jebel Ali masterplan with 80 new hotels, 110km of coastline
Dubai’s Palm Jebel Ali will be twice the size of Palm Jumeirah Sheikh Mohammed announces Dubai Palm Jebel Ali masterplan with 80 new hotels, 110km of coastline Dubai, Palm Jebel Ali Travel & Hospitali …
Dubai: Global millionaires to spend over Dh9 billion in property market in 2023
Global millionaires, are poised to spend $2.5 billion (Dh9.17 billion) in Dubai’s growing real estate market this year. According to global property consultancy Knight Frank’s inaugural Destination …