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Month: June 2023

Posted on 01/06/2023

Crypto Exchange Gemini to Soon Operate in the UAE

(Reuters) – Gemini will “soon” start the process of buying a crypto license to operate in the United Arab Emirates, and the team has met stakeholders throughout the region to learn more about local …

Posted on 01/06/2023

THE FITOUT partners with Gurian to bring Italy’s finest luxury furniture to UAE

With similar business philosophies and strategies … of designs and furniture with exceptional Italian workmanship to the growing industry of the UAE and transform spaces with luxurious styling and …

Posted on 01/06/2023

Dubai launches new Palm Jebel Ali masterplan, to be twice the size of Palm Jumeirah

The new Palm Jebel Ali will see the development of 80 new hotels. Dubai launches new Palm Jebel Ali masterplan, to be twice the size of Palm Jumeirah. D33, Dubai Economic Agenda, Dubai masterplan, …

Posted on 01/06/2023

Winklevoss twins’ crypto exchange Gemini to seek UAE crypto license

The Winklevoss-owned crypto exchange Gemini has announced that it has begun the process of acquiring a crypto service license for customers in the United Arab Emirates (UAE).

Posted on 01/06/2023

UAE’s Falcon 40B AI model is now royalty free for commercial, research use

The Technology Innovation Institute’s (TII) Falcon 40B, the UAE’s leading large-scale open-source AI model, is now free of royalties for commercial and research use, in response to global demand for …

Posted on 01/06/2023

New UAE tax ‘no surprise,’ but businesses need to prepare, experts say

Companies in the UAE gear up for the introduction of a 9% corporate tax tomorrow as experts share insights on how businesses can navigate these changes New UAE tax ‘no surprise,’ but businesses need …

Posted on 01/06/2023

Dubai: Several Shops Close, Move To New Locations As Mall Undergoes Massive Renovation

The Gate Avenue mall in Dubai’s financial centre district DIFC is undergoing a massive redevelopment. A recent visit to the location revealed that several shops had been closed or moved, especially in …

Posted on 01/06/2023

Watch: How Dubai emerged from the desert to become one of the world’s leading metropolises

From a small fishing settlement in the 1960s to a futuristic urban infrastructure that attracts millions of visitors every year …

Posted on 01/06/2023

Exclusive: Winklevoss twins seek UAE crypto licence after “hostility, lack of clarity” in US

The twin co-founders of Gemini told Zawya they were encouraged by what they had seen on the ground in the UAE and will apply for a licence following meetings in both Dubai and Abu Dhabi …

Posted on 01/06/2023

Winklevoss twins to apply for UAE virtual asset licence

Cameron and Tyler Winklevoss, the billionaire founders of Gemini, are looking at the UAE as a potential Middle East hub for their crypto exchange and will soon apply for a virtual asset licence in the …

Posted on 01/06/2023

Corporate tax to help UAE broaden revenue base and achieve growth targets, analysts say

The UAE is introducing corporate income tax on Thursday, a step that will not only help the Arab world’s second-largest economy broaden its revenue base, but will also help the country achieve its …

Posted on 01/06/2023

UAE Slashes Petrol Prices For June, Lowest In Four Months

The UAE on Wednesday slashed retail petrol prices by 21 fils per litre for the month of June across all three variants of Super 98, Special 95 and E …

Posted on 01/06/2023

Investment Corporation Of Dubai Posts Record Dh36.1 Billion For 2022

Investment Corporation of Dubai (ICD) announced on Wednesday that net profit for 2022 stood at Dh36.1 billion, on the back of record revenues of Dh2 …

Posted on 01/06/2023

Look: Dubai’s most expensive property goes on sale for up to Dh750 million

Ultra-luxury 46-storey tower’s top 11 floors consist of penthouses which occupy each floor entirely, allowing owners to drive their vehicles to their apartments …

Posted on 01/06/2023

Dubai’s road authority weighs possible IPO of taxi business

Dubai’s transport regulator is in the early stages of exploring strategic options for its assets, including a possible initial public offering of its taxi business, two sources familiar with the …

Posted on 01/06/2023

Etisalat by e& removes BeIN channels with immediate effect

UAE telecoms operator etisalat by e& has confirmed it will no longer carry BeIN channels on its TV services from Thursday.The company told The National in a statement that the decision had been made …

Posted on 01/06/2023

Trojan wins contract to build 1,742 villas in Abu Dhabi

UAE-based Q Holding has awarded the design and build contracts for two major residential developments in Abu Dhabi to Trojan General Contracting. The project scope involves development of 1,742 villas …

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