With nearly 10% of the world’s proven crude oil reserves, the United Arab Emirates (UAE) is a key player in global energy markets. Oil exports contribute around 30% to the UAE’s economy, and the …
UAE ‘important’ and ‘stable’ market with high ‘potential’ for Chinese automotive brand OMODA & JAECOO, says CEO
In an exclusive interview with Arabian Business at the 2024 Chery International User Summit, CEO Shawn Xu talks why the UAE is an important market for OMODA&JAECOO …
UAE’s strong non-oil economy fuels Islamic finance growth: S&P
S&P Global Ratings expects strong growth in the UAE’s Islamic finance sector to continue over the coming period, supported by the strong performance of the non-oil economy.
Dubai’s Lamborghinis vs Singapore’s billionaires: This CEO’s viral thread reveals which city is right for you
An X user compared Singapore’s relaxed lifestyle and strong healthcare with Dubai’s luxury and business opportunities.
UAE Property: ‘Should I inform my landlord if I don’t intend to renew my lease?’
Question: My tenancy contract is up for renewal in December. I received an email from my landlord that my annual rent would be increased. At this stage, I don’t know by what percentage the rent will …
New manufacturing facility to advance energy solutions and drive industrial growth in the United Arab Emirates
TAQANA Energy Solutions’ launched as joint venture between Arab Development Establishment and Schneider Electric …
Dubai viral chocolate: FIX founder Sarah Hamouda reveals how she built the ‘Hermes of Desserts’
In her first in-depth interview following her global success and recognition, Dubai-based Sarah Hamouda talks to Arabian Business about how her pregnancy craving turned into a chocolate empire which r …
Where to celebrate Diwali in Dubai
Just in case you are not familiar with Diwali, this is an opportunity to learn more about this beautiful festival, also known as the festival of lights!Celebrating Diwali in DubaiDiwali in Dubai is a …
UAE firms to cease hiring overstayers as amnesty ends
New directives have been issued by the UAE government for companies to stop getting overstayers on board as the two-month amnesty program concludes on Oct. 31, 2024.
Binghatti launches Dh5 billion project in Business Bay
In a new step to strengthen its position in Dubai’s luxury real estate market, Binghatti Developers has now launched ‘Binghatti Skyrise’, in the heart of Business Bay area of Dubai, aiming to meet the …
Sotheby’s Gets a $1 Billion Financial Lifeline in Deal With Abu Dhabi
Sotheby’s confirmed Wednesday it had closed a $1 billion investment deal with an Abu Dhabi sovereign wealth fund—giving the auction house a financial lifeline it needs to pay down some of its debt.
KRA wins Sh122m tax fight with KTDA’s Dubai unit
The Tax Appeal Tribunal (TAT) said that KRA was justified to demand tax from the UAE-based KTDA Dubai Multi Commodities Centre, because some of the firm’s operations took place in Kenya. “The Tribunal …
UAE visa amnesty: After Dh200,000 fines waived, senior expat couple ready to fly out
This (birthday gift) is actually equivalent to about Dh200,000, if we compute the fines that both of us have incurred for overstaying our visa,” Tess, who requested not to give their surname, told on …
Felix partners with Zero Hash to expand its simplified, borderless remittance solution
In just two years, Felix has grown over 500x in payment volume helping hundreds of thousands of Latinos in the US sending money back home to family and friends. In May 2024, Félix Pago raised $15.5 …
Ziina Secures $22 Million in Series A to Evolve From Payments Platform to an End-To-End Financial Services Provider
This significant funding will fuel Ziina’s expansion beyond a payments solution to providing end-to-end financial services for businesses and consumers. Despite global fintech funding slowdown …
GIB continues partnership with fintech Beehive
Gulf International Bank – Saudi Arabia(GIB) said that it will continue its partnership with fintech pioneer Beehive to provide financing capabilities to support micro and small-to-medium …
Reclaiming Fintech’s Edge Through A Return To Mission
The global fintech market has witnessed a dramatic slowdown over the last few years, with both valuations and capital raises dropping precipitously. In fact, a new white paper from the World …