Vietnamese electric car maker VinFast has signed a non-binding deal with a consortium of Emirati investors to receive at least $1 billion in funding, a person with direct knowledge of the agreement …
UAE’s non-oil sector drives Islamic finance expansion: S&P
The country’s insurance sector, both conventional and Islamic, is projected to expand by 15 to 20 percent, driven by economic performance and infrastructure projects …
US election: UAE, Middle East investors turn to gold, equities as election remains impossible to call
Image: Shutterstock Investors in the UAE and the broader Middle East are rapidly reshuffling their investment portfolios, pumping up allocations to the safe haven asset gold big time, while cautiously …
Dubai Imposes New Penalties on Financial Misconduct
In a recent development, Dubai introduced a new law designed to strengthen the accountability measures for employees within the Financial Audit Authority (FAA). Announced on Wednesday, Law No. (24) of …
Tax notices issued to wealthy Indians over undeclared Dubai properties
UAE authorities shared details of offshore properties of affluent Indians who spent less than 90 days in the country, thereby not protected by residency permits …
Sharjah’s Alef Group launches Nama 5 at Al Mamsha Raseel
Sharjah-based Alef Group announced the launch of Nama 5, the newest residential building within the Al Mamsha Raseel. The project, consisting of 190 units, offers a variety of 1-bedroom, 2-bedroom, …
Fundamental Hospitality announces three new Dubai concepts in major global expansion plan
Fundamental Hospitality further aims to operate 100 venues globally, surpassing its initial £140 million investment programme …
EXCLUSIVE: Dubai viral chocolate owner ‘frustrated’ by copycats
Founder Sarah Hamouda explained that its FIX’s “quality, creativity, and precision” that makes the chocolate different …
UAE increases fuel prices for the month of November
The price of Super 98 rose to Dhs2.74 per litre for November, up from Dhs2.66 per litre in October, while the price of Special 95 rose to Dhs2.63 per litre for November, up from 2.54 per litre in …
‘No finance, no action’: UAE urges Cop29 decision-makers to up their climate ambitions
The UAE wants to see no let-up in global climate ambitions at Cop29, a senior official has said, as leaders, government officials and environmental activists from around the world prepare to meet for …
Dubai: Heavy traffic, long queues around immigration centres on last day of visa amnesty
Long queues, heavy traffic and crowds were seen outside immigration centres around the UAE on the last day on the country’s . Some Amer centres reported having to employ extra staff to deal with the …
AED1M Fine for Hiring Illegal Residents as UAE Amnesty Ends
As UAE’s visa amnesty period concludes on October 31, employers are warned of hefty fines starting November 1 for hiring overstayers and residency violators. The Federal Authority for Identity, …
Authorities issue warning to violaters as UAE visa amnesty deadline approaches
The authority will facilitate the process, offering exemptions from fines related to residency and visa violations, as well as fees for cancellations and work absence reports. The UAE Visa grace …
How SMEs Are Driving A Fintech Revolution Across The MENA Region
In just a little over a decade, fintech has advanced so rapidly that our current digital payment landscape would have been almost unimaginable not too long ago.
Best Budgeting Apps Of November 2024
App details are accurate as of October 28, 2024. We chose Quicken Simplifi as the best app for managing household finances because it makes tracking bills, savings goals and cash flow easy.
Bitcoin as a reserve asset? VanEck’s Matthew Sigel predicts $3 million price target by 2050
Matthew Sigel, head of digital assets research at VanEck, has projected that Bitcoin could reach a value of $3 million by 2050. In his analysis, he predicted that Bitcoin would become a reserve asset, …
Russia’s Bitcoin, AI play with BRICS is ‘game theory’ in motion: Analyst
Russia’s plans to construct Bitcoin mining and AI computing facilities in BRICS nations could inspire other nations to tap into state-owned resources to mine Bitcoin, says an industry analyst. “Game …