The introduction of corporate tax will be a paradigm shift for the UAE economy, UAE businesses as also for certain individuals. The key features of the corporate tax law were already shared by the …
Ajman Bank adds new payment services
The collaboration will allow KMMRCE Pay to operate across the UAE, supported by Ajman Bank’s compliance and regulatory frameworks.. Ajman Bank adds new payment services. Ajman Bank, FinTech, KMMRCE …
UAE Issues Decree-Law Imposing a Corporate Tax
The United Arab Emirates has issued a decree-law imposing a corporate tax at a 9 percent rate for taxable business income exceeding 375,000 dirhams ($102,000). The tax will apply to all firms from …
Taaleem IPO: UAE parents have a chance to pick schools and their stock too
As Taaleem readies an IPO, GEMS too could follow in going public for new funds UAE’s K-12 space keeps delivering growth – and parent-investors will want in on the action. They are getting an …
UAE: Mirza Hussain Al Sayegh, the man who shared a profound bond with late Sheikh Hamdan bin Rashid
The career diplomat, who traded a promising career to manage the world’s longest-serving finance minister’s diverse commercial pursuits and charities, looks back in …
UAE: Corporate tax law to bring further transparency, say analysts and tax experts
New corporate tax law will bring transparency and more sustainable investments within the country as businesses also will now be more prudent in their inve..
After a banner year for Middle East IPOs, VC is the big opportunity
Noor Sweid, founder of Global Ventures – a young Dubai-based venture capital fund with $200 million of AuM – sees company founders with great businesses starved of finance.
UAE: Mirza Hussain Al Sayegh, the man who shares a profound bond with late Sheikh Hamdan bin Rashid
The career diplomat, who traded a promising career to manage the world’s longest-serving finance minister’s diverse commercial pursuits and charities, looks back in …
UAE Central Bank imposes $286,000 fine on exchange house for compliance failures
The UAE Central Bank has imposed a fine on an exchange house in the country for failing to achieve the appropriate levels of compliance with financial activity regulations. The banking regulator fined …
UAE slaps AED1mn fine on exchange house
The central bank did not name the exchange house UAE slaps AED1mn fine on exchange house UAE Politics & Economics …
UAE announces new tax
The new Federal Decree-Law was issued on taxation of corporations and businesses to begin in 2023 UAE announces new tax Corporate tax, Corporate tax UAE, Dubai, UAE Politics & Economics …
CBUAE imposes financial sanction on an exchange house operating in the UAE
The CBUAE, through its supervisory and regulatory mandates, works to ensure that all exchange houses, their owners and staff abide by the UAE laws, regulations and standards adopted by the CBUAE …
UAE: Exchange house fined Dh1.05 million for conducting activities outside licensed premises
The Central Bank of the UAE (CBUAE) on Friday imposed financial sanctions on another exchange house for violating …
Vehicle finance startup Moove raises $30M in debut sukuk for UAE expansion
As part of its launch in the UAE, the startup will be rolling out its EV charging app, Moove Charge, designed for ride-hailing drivers.
Dubai Shopping Festival launch date announced (just in time for Christmas)
Fear not, as Dubai shoppers don’t have long to wait for Dubai Shopping Festival (DSF) as it will launch in a few days. The 46 day event, that sees shopping destinations around the city entice people …
An Invulnerable Financial Fortress on the Sand?
Financial analysts, even before this Adani buzz, were already predicting that the overall financial wealth sitting in Dubai and the rest of the United Emirates will hit $1 trillion in 2026, up from …
Dubai realty market continues to grow strongly in 4th quarter
With a nearly 1.8 per cent price increase in October and a similar trend in November, the Dubai property market is heading for a strong fourth quarter and end to the year as the investors …