Because of these rich natural resources, the UAE, which has 10 percent of world oil reserves and the fifth largest natural gas reserve, plays a significant role in international energy policy. GDP of …
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How Do Credit Cards Work In Uae?
To obtain one of the best credit cards in the United Arab Emirates, a minimum of AED 5,000 salary must be required. For your salary minimum of less than AED 3,500, you will not be able to obtain a …
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Who Should Pay Tax In Uae?
Does The Uae Tax Free For Foreigners? According to UAE taxation system, irrespective of one’s residency status, foreigners doing business in the UAE will not have to pay any inc …
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Why Do People Work In Uae?
Why Do People From Other Countries Want To Work In The Uae? We offer Finance Haven, a free resource for investors. There is no income tax for expats working in the United Arab Emi …
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Why Banks Are Merging In Uae?
Can You Tell Me About The Many Banks On Are Mergers? In a decision released on Friday, the Federal Reserve approved the following bank mergers: Connecticut-based Webster Bank $5 b …
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Record IPO proceeds generated as Gulf bourses rally after pandemic
New research shows 21 IPOs in MENA region raising proceeds of $7.9bn in 2021 Record IPO proceeds generated as Gulf bourses rally after pandemic Abu Dhabi Securities Exchange, ACWA Power, Boursa Kuwait …
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How US interest rate hike this week will impact your finances
Borrowing costs will go up across the board in tandem with rate hike Dubai: The Federal Reserve is set start a gradual hike in interest rates this week that will have its impact on cost of funds for …
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UAE – Amlak Finance Announces 2021 Full-Year Financial Results
Amlak FY21 net group profit stands at AED 1.06 billion and total assets stand at AED 4 billion • The Company successfully concluded the settleme …
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Explained: Why rich Russians are heading to the UAE for dodging sanctions
There is little financial transparency — and those who invest in business or property get a residency visa in return.
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UAE – AIM 2022 organises pre-conference activities aimed at attracting new investments
The Annual Investment Meeting (AIM 2022), which will be held from 29th-31st March 2022, has announced a series …
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UAE pledged bank deposits for Sudan: Sovereign Council says
The Crown Prince of Abu Dhabi pledged bank deposits in support of the Sudanese economy, said the Sovereign Council on Friday without specifying any amount.
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Amlak Finance reports Dh1.06 billion 2021 net profit
Dubai: Amlak Finance reported a net profit of Dh1.06 billion for the year 2021 as compared to net loss of Dh438 million for the year 2020. Amlak’s income for the year 2021 increased by 215 per cent to …
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UAE Central Bank adviser appointed as anti-money laundering expert at GCC secretariat
Waleed Alhosani, the current adviser to the governor of the UAE Central Bank, has been appointed as an anti-money laundering and counter-terrorism funding expert at the secretariat general of the GCC.
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Concern over cyberattacks growing across UAE
Companies in the UAE showed greater concern about various email security challenges compared to most other countries …
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Russians Reportedly Looking to the UAE to Unload Billions in Crypto Assets
Worried about Western nations seizing their assets, Russians are eyeing the UAE as a safe-haven, according to Reuters.
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Russians liquidating crypto in the UAE as they seek safe havens
One crypto firm has received lots of queries in the past 10 days from Swiss brokers asking to liquidate billions of dollars of bitcoin because their clients are afraid Switzerland will freeze their …
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Saudi Arabia’s next big IPO – Nahdi Medical Company – opens for retail subscription Mar 13
Nahdi Medical operates the biggest pharmacy chain in the Kingdom Dubai: Saudi and Gulf investors can subscribe to Saudi Arabia’s next big IPO from March 13, from the Kingdom’s biggest pharmacy chain …
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