Asian and West Asian countries are leading in consumer services while Western economies continue to lead in business services, which are more profitable.
Young UAE-based Climate Tech Angel Investors favor African and MENA regions
The average age of participants is younger than their global counterparts and features a higher female ratio …
Pakistan to sell 82% stake in First Women Bank to UAE government – Report
The government of Pakistan has decided to divest its 82 percent stake in the First Women Bank Limited to the UAE government, reported Karachi-based ARY News channel. The transaction will occur at a …
Guinea set to raise $4bln from UAE for development projects
DUBAI: Guinea is on track to raise around $4 billion in the United Arab Emirates this week to finance development projects in the West African state, a government minister said.
Flooding in Dubai as drainage systems struggle to cope with downpour
Heavy rains caused flooding and blocked streets in some areas of Dubai on Feb. 12. Cars were trapped in standing water as drainage systems were unable to cope with the downpour. More severe weather is …
IMF praises UAE’s economic resilience
The International Monetary Fund has praised the UAE’s robust economic performance in recent years and highlighted its exceptional handling of global challenges.Jihad Azour, director of the IMF’s …
UAE’s new payment card Jaywan: Here is all you need to know
A new payment card was launched during Indian Prime Minister Narendra Modi’s visit to the UAE on Tuesday. Jaywan is built on India’s digital RuPay credit and debit card stack for the UAE market. The …
UAE law: Signed ‘all dues paid’ form after quitting? You can still sue firm if you don’t receive end-of-service benefits
MoHRE now has the authority to render a final judgement on any dispute if the value of the claim is not more than Dh50,000 …
CEOs upbeat on Dubai’s economic prospects
Dubai’s business community’s confidence level and optimism have shown a remarkable upswing on the back of brightening economic growth outlook and promising opportunities the emirate offers for …
UAE: Tabreed registers $653.4mln in 2023 revenues; up 9% YoY
Tabreed’s balance sheet strengthened further, underscored by an improved net debt/EBITDA ratio of 4.11x (4.49x as end of FY 2022) …
UAE fintech Fils partners with online payment gateway Telr to offer sustainable infrastructure for e-commerce businesses
The collaboration aims to integrate Fils’ sustainable infrastructure into Telr’s platform to promote sustainable and transparent finance and payments …
Comprehensive Guide to Corporate Tax Registration and Filing in the UAE
The United Arab Emirates (UAE) introduced a federal corporate tax law which came to effect on 1st June 2023. It applies to all businesses operating in the country, with some exceptions. The corporate …
Durlston partners expands global presence with the opening of Dubai office
Durlston Partners, a leading talent advisory firm specialising in technology, quantitative finance, and data science, is excited to announce the official opening of its Dubai office, marking a …
UAE: You can use Nol cards to book tickets for Etihad Rail passenger trains
Ticketing through the card will be one of the various booking and fare payment solutions available for the nationwide railway network …
Dubai’s DIFC says company registrations up 34% last year
DUBAI, Feb 15 (Reuters) – The Dubai International Financial Centre (DIFC) witnessed a 34% growth in new registrations last year, bringing the total number of active companies in the Gulf’s financial …
Dubai: More than 5,500 jobs created by new firms in DIFC
A round 5,514 new jobs were created by the companies in the Dubai International Financial Centre last year, an increase of 15 per cent from the previous year. The number of people …
Why you should invest in Dubai’s real estate: 11 advantages
Dubai’s robust economy, supported by diversified sectors such as tourism, finance, and trade, provides a stable environment for real estate investment. Additionally, fast-tracked urban development …