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Month: July 2023

Posted on 25/07/2023

UAE government revenue hits $32bn in Q1 amid economic boom and diversification efforts

Business activity in the UAE’s non-oil private sector strengthened last month as new order growth hit a four-year high, the most pronounced improvement since June 2019. The seasonally adjusted S&P …

Posted on 25/07/2023

UAE improves ranking as one of the most attractive places for offshore services

The UAE continued to improve its global ranking as an offshore location for business services, thanks to its status as an emerging tech hub, its ability to reskill talent and its friendly relations …

Posted on 25/07/2023

Expat Go-to Website Dubizzle Taps Citigroup, HSBC for IPO

Dubizzle Group, which operates classifieds websites popular with expatriates in the United Arab Emirates, is working with Citigroup Inc. and HSBC Holdings Plc on its potential initial public offering, …

Posted on 25/07/2023

UAE government revenues hit Dh115.6 billion in Q1

The UAE government’s revenues stood at Dh115.6 billion for the first quarter of 2023, data from the Ministry of Finance showed on Tuesday. The government expenditures stood at Dh92.5 billion, figures …

Posted on 25/07/2023

Ministry of Finance publishes preliminary results of UAE Government Finance Statistics for Q1 2023

Abu Dhabi, UAE – The preliminary results of the UAE Government Finance Statistics Report for the first quarter of 2023, published by the Ministry of Finance today, revealed that the government’s …

Posted on 25/07/2023

G2G draft framework agreement with UAE approved for bulk, general cargo terminal

A Cabinet committee has approved G2G draft framework agreement with UAE for development of bulk and general cargo terminal at East Wharf at Karachi port. Federal Minister for Finance and Revenue …

Posted on 25/07/2023

BRICS’ NDB welcomes UAE’s Thuraiya Hamid Alhashmi as board member

BRICS’ New Development Bank (NDB) has elected Thuraiya Hamid Alhashmi, Director of International Financial Relations and Organisations Department at the UAE Ministry of Finance, as a member of its …

Posted on 25/07/2023

Infrastructure, development projects boosts Sharjah realty

The real estate sector in Sharjah has witnessed significant growth and development outside the city centre, as highlighted in the recently issued annual report by the Sharjah Real Estate Registration …

Posted on 25/07/2023

Dubai: Sheikh Mohammed presides over swearing-in of new judges of Rental Dispute Settlement Centre

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, presided over the swearing-in of nine new judges of the Dubai Rental Dispute Settlement Centre at …

Posted on 25/07/2023

Dubai Off Plan Properties For Sale And Projects With Payment Plan UAE

Aside from Dubai Hills Estate, Dubai Creek Harbour, Jumeirah Lake Towers, and Expo City Dubai, here are some of the most prominent property developers in Dubai today. They are considered the best …

Posted on 25/07/2023

UAE public holidays in 2023: 4 days to save now

Many of us are looking ahead to the next UAE public holidays in 2023. Why wouldn’t you when there’s the opportunity to plan a staycation, trip away or see more of Dubai than ever before? You might …

Posted on 25/07/2023

UAE to work with Cop28 participants to triple global renewable energy capacity by 2030

The UAE will work with Cop28 participants to triple the world’s renewable energy capacity and double the production of hydrogen by 2030, the UAE Minister of Energy and Infrastructure has said. The …

Posted on 25/07/2023

UAE-based Sanctuary launches personalised corporate tax advisory service to companies

The firm said through their tailored solutions, they aim to transform the way clients navigate the intricate landscape of corporate taxation UAE-based Sanctuary launches personalised corporate tax …

Posted on 25/07/2023

Dubai’s luxury property market generates $850mn, outdoes London, NY, Paris

According to a recent market report, Dubai’s real estate market witnessed an impressive 176 high-end property sales surpassing $10 million during the first half of the year. Dubai’s luxury property …

Posted on 25/07/2023

Crypto exchange Rain to target UAE asset managers after winning licence

Middle Eastern crypto exchange Rain said on Tuesday its Abu Dhabi unit obtained a license to operate a virtual assets brokerage and custody service for clients in the United Arab Emirates.

Posted on 25/07/2023

Cryptocurrency Exchange Rain Sets Sights On Targeting UAE Asset Managers: All You Need To Know

Rain, a Middle Eastern cryptocurrency exchange, announced that its Abu Dhabi unit has been granted a licence to operate a virtual assets brokerage and custody service for clients in the United Arab …

Posted on 25/07/2023

Abu Dhabi Global Market grants financial services permission to crypto exchange Rain

Cryptocurrency exchange platform Rain has been granted a financial services permission (FSP) by Abu Dhabi Global Market (ADGM), paving the way to offer more products and services to clients in the UAE …

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