Provided by The National Floward plans to invest in local brands that operate in different categories of its target market. Photo: Floward . Floward, a start-up delivering gift …
Dubai releases crypto regulations for virtual asset services providers
VARA issued the “Full Market Product Regulations,” which include four compulsory rulebooks and activity-specific rulebooks that lays down the rules for operating VASPs.
Dubai’s virtual assets watchdog issues regulations to mitigate market risks
Dubai’s Virtual Assets Regulatory Authority (Vara) has issued regulations to offer certainty and greater clarity on the expected level of operator responsibility as well as mitigate market risks. The …
Holo Mortgage Consultant secures seven figure investment in seed round
Dubai, UAE: Holo, the first online platform to provide free digital mortgage services in the Middle East, has today announced seven figure funding in their latest seed round. Investment in Holo’s …
EGX chairman says state IPO programme will spur capital inflows
“Once the cash flow has been resolved, we’re going to see more interest and more inflows happening. “I think the IPO [initial public offering] programme will play a big role in making things happen.” …
Why Kenyan investors are flocking to Dubai
There is a new investment craze in town, at least for those that can afford it — owning an apartment in Dubai to cash in on the high rental returns in the United Arab Emirates city that is currently a …
Century Financial introduces a series of initiatives in support of the UAE’s ‘Year of Sustainability’
In line with the recent announcement of President Sheikh Mohamed bin Zayed Al Nahyan on declaring 2023 as the Year of Sustainability, Middle-East-based investment services company Century Financial …
UAE: Man sues sister over car loan, asks her to return over Dh300,000
The plaintiff bought a car for the defendant which she said she would pay him back for using monthly instalments …
UAE: Virtuzone offers business plan builder powered by ChatGPT
Designed to support and advance entrepreneurship in the UAE, the AI-assisted business plan builder generates business plans that comply with criteria and requirements set by free zone authorities and …
SICO’s H1 preferred picks are Dubai’s Emirates NBD, Dubai Islamic Bank
Bahrain-based financial services company SICO said given an environment of high interest rates, Dubai-based banks, Emirates NBD and Dubai Islamic Bank are better placed in H1-2023 as they are likely …
Plus500 secures lucrative DFSA license in Dubai
Plus500 has secured a license from the Dubai Financial Services Authority (DFSA) after it has already incorporated its new subsidiary in the Dubai International Financial Center (DIFC).
UAE Changes Private Companies Emiratization Deadlines
For private sector companies to hire Emiratis, the UAE government has revised the deadlines. Announced on January 1, Companies with more than 50 workers must ensure that 2% of their workforce is made …
Dubai: More Landlords To Use Direct Debit Payment For Rents Instead Of Cheques
Real estate agents in Dubai are increasingly piloting the new direct debit system which allows them to directly debit rent from the tenant’s bank account. This will result in reduced usage of the …
UAE foreign trade achieved AED2.233 trillion in 2022 with growth rate of 17%: Mohammed bin Rashid
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, chaired the UAE Cabinet meeting at Qasr Al Watan Abu Dhabi, in the presence of H.H. Sheikh …
UAE Economy Resilience and Recession-Proof Factors Highlighted by KhaleejReport
KhaleejReport.com, a leading online source for news and analysis about the Middle East and the world, has released a special report that sheds light on the factors behind the resilience of the UAE …
UAE Central Bank cancels licence of health insurance company for non-compliance
The company is a third-party administration service company providing medical benefit and claims administration services …
Dubai records over $381mln in realty transactions Monday
DUBAI – Dubai real estate market recorded 490 sales transactions worth AED1.17 billion, in addition to 86 mortgage deals of AED177.94 million, and 15 gift deals amounting to AED55.81 million on Monday …