Hatta pumped-storage hydroelectric power plant is now 74% complete, and it is expected to begin operations in the first half of 2025. The facility will also store electricity from the 5 GW Mohammed …
Dubai and Hong Kong forge financial services partnership to activate economic corridor
Dubai’s Department of Economy and Tourism (DET) and the Financial Services and the Treasury Bureau of the Government of Hong Kong, China, signed an MoU aimed at fostering financial cooperation between …
Arm’s IPO Is Big—But Not That Big in Historical Terms
At roughly $5 billion, today’s Arm Holdings IPO is expected to be the biggest initial public offering of 2023. It gives the chip designer a market value of …
UAE police say they have seized $1 billion worth of Captagon amphetamines hidden in doors
DUBAI, United Arab Emirates (AP … They say that has given Assad’s rule a massive financial lifeline at a time when the Syrian economy is crumbling. The Syrian government and Hezbollah deny the …
The future of mobile banking in the UAE
The future of banking in the UAE depends heavily on mobile banking developments as much as it relies on customers’ demand preferences. This article discusses the future mobile banking trends in the …
UAE residents to have a long weekend next month
When it comes to public holidays in the UAE it’s always great when they lead to residents getting extra time off work. And next month workers across the UAE (who work from Monday to Friday) will get a …
Caesars Palace Dubai replacement: Banyan Tree hotel to open in late 2023
Banyan Tree Group will replace the existing Caesars Palace Dubai with a resort of 179 rooms, including 30 suites and a four-bedroom villa, boasting its private entrance, pool, and beach …
Dubai’s Caesars Palace Hotel Is Officially Closing Down
Dubai OG’s, after five years of dazzling Dubai, the curtains are closing on the show at Caesars Palace Hotel. This luxury hotspot is taking its final bow, leaving Dubai’s scene with some unforgettable …
Dubai Women’s Run 2023 to take place in November, registration open
Dubai Women’s Run will take place on November 5 at Dubai Festiv al City M al l. The race is organised by Plan b Group, in association with the UAE Athletic Federation and Dubai Sports Council, and …
Sharjah Ruler issues Emiri Decree establishing HOM
In accordance with the decree, HOM is managed by a director appointed by a decision of the president who will work under his supervision and will organize all administrative and financial affairs of …
Abu Dhabi The Destination of Choice for Global Players With ADGM’s Record-Breaking Numbers for First Half of 2023
Abu Dhabi, the capital of the United Arab Emirates, has continued to attract major global and regional players to its International …
Cedar-IBSi FinTech Lab and startAD join forces to foster Abu Dhabi’s FinTech ecosystem
IBS Intelligence (IBSi) is the world’s only pure-play Financial Technology focused research, advisory, and fintech news analysis firm, with a 30-year track record and clients globally. We take pride …
Sultan Al Neyadi to return to UAE on September 18 after historic space mission
UAE astronaut Sultan Al Neyadi is set to return to the Emirates on September 18, after his historic six-month mission on the International Space Station (ISS). The Mohammed bin Rashid Space Centre announced his homecoming date on its social media platforms on Thursday.
UAE is among top nations for solar energy use, reveals report
A recent report published by the Energy Institute Statistical Review of World Energy revealed that the UAE ranks amongst the top world leaders in solar energy use, driven largely by the vision of its …
Unpacking the UAE’s Corporate Tax Laws
Ashish Mehta dissects the nuances of the UAE’s recently implemented Corporate Tax Law.
Clyde & Co Swoops for Tax Expert as UAE Implements New Corporate Tax Regime
In 2022, the UAE Ministry of Finance announced that it would introduce federal corporate tax on the net profits of businesses. “The corporate tax law provides the legislative basis for the …
Dubai and Hong Kong establish corridor to promote family offices, fintech and green finance
Dubai signs agreement with Hong Kong government, Standard Chartered to promote cross border financial activities, family offices Hong Kong virtual insurer OneDegree also has plan to expand in Dubai …