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 …
Announcing the final agenda for the Fintech Stage at TechCrunch Disrupt 2024
We’re incredibly excited to announce the final agenda for our dedicated Fintech Stage at TechCrunch Disrupt 2024. It joins Space, SaaS, AI and Builders as the other industry-focused stages …
News Explorer — Dubai Emerges as Crypto Hub With Its Own Regulator and Free Zones
Dubai’s crypto scene is thriving, with $34 billion in crypto transfers to the UAE in the past year. The city boasts its own digital assets regulator, free zones attracting crypto companies, and a …
UAE introduces new tax law
The UAE has announced new laws to transform tax collection and record-keeping for businesses in the country. Under new rules, taxpayers in the UAE will be able to standardise and automating invoicing …
6 new rules introduced in the UAE in 2024 to know about
Important updates relevant to residents… Each year, the UAE makes significant changes to its laws to make it easier for residents to enjoy life in Dubai. From paid parking in Dubai Mall to a complete …
UP GLOBAL and Huawei Forge Strategic Partnership, Ushering in a New Era of FinTech Innovation
On October 17, 2024, at the GITEX GLOBAL 2024 tech summit in Dubai, UP GLOBAL and Huawei announced a strategic partnership aimed at accelerating innovation in the global fintech sector and driving …
Pivotal time for investors as Dubai’s land prices soar amid off-plan boom
Zooming out to the broader landscape, the availability of land in Dubai today is significantly more limited compared to five years ago. This scarcity is particularly pronounced in high-demand areas …
UAE’s strong non-oil economy fuels Islamic finance growth
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. According to the agency, …
Abu Dhabi Has Officially Acquired a Minority Stake in Sotheby’s
Two months after Sotheby’s announced it would sell a minority stake in its business to ADQ, an Abu Dhabi sovereign wealth fund, the auction house has confirmed the deal has gone through.
UAE says overstayers will be penalised after amnesty ends on Thursday
Moreover, joint inspection campaigns with the relevant authorities will commence on Nov.1, targeting individuals who have overstayed their visas.