India is witnessing a growing trend of capital flight as high-net-worth individuals (HNWIs) increasingly invest in overseas assets and seek residency or citizenship abroad. According to the Henley …
Dubai just dropped a 30% tax on alcohol | CNN Business
Dubai has scrapped a 30% tax on alcohol and will no longer charge tourists or expats for permits to buy alcoholic drinks as the emirate tries to attract more foreign workers and visitors in the …
I moved to Dubai and paid 0% tax – but now you couldn’t pay me a … – MSN
I moved to Dubai and paid 0% tax – now you couldn’t pay me to go back. The young Italian moved to the Arab city in 2022 with his Russian girlfriend hoping for ‘safety’, ‘luxury’ and ‘freedom’.
UAE set to attract 50,000 millionaires over five years, says Wealthbrix Capital CEO
Wealthbrix Capital Partners is focusing on “mid-tier millionaires” with investable assets ranging from $5 million to $30 million (Dh18.35 million to Dh110 million) …
What Can FinTech Learn From The UAE’s Rise As The Next Hotspot? – Forbes
The United Arab Emirates (UAE) is shaping up to be the world’s next FinTech hub, and this should not come as a surprise. Initiatives like the Dubai International Financial Centre (DIFC) and Abu …
Employee wins Dhs99,567 in court after 3-month salary delay in Abu Dhabi
The Abu Dhabi Primary Labour Court has ordered a company to pay Dhs99,567 to an employee who had been working under a fixed-term contract but was not paid his salaries and wages for approximately …
Sharjah completes installation and replacement of 181,000 old electric meters with smart ones
Sharjah Electricity, Water, and Gas Authority (SEWA), represented by the Electricity Distribution Department, continues to implement its project to replace …
Dubai’s new road plan: Traffic to be eased at Downtown Dubai, Business Bay
Once completed, it is expected to significantly improve traffic flow, cut travel times, and enhance access to key business and residential districts in central Dubai, a WAM report said. The …
India’s Import Of Crude Oil From Russia Rises To 11-month High In June
According to data from Kpler, a global commodity tracking firm, India imported 2.08 million barrels per day (bpd) of Russian crude last month, the highest since July 2024 …
This Dubai Chocolate Is Sold Out Online — But It’s Coming to a Walmart Near You
Lindt first launched its Dubai-style chocolate bar in December 2024, selling out online within a day. After months of exclusivity, it’s now available at national retailers including Kroger, Meijer, …
UAE surpasses Japan, Sweden in tech funding as late-stage investments fuel surge
Dubai-based firms dominated the funding landscape, accounting for 93% of total capital raised, with Abu Dhabi trailing as a distant second. Notably, two companies secured funding rounds over $100m …
Ottu and Ellucian partner to drive online payment innovation for educational institutes globally
“As we continue our global expansion, we are thrilled to partner with Ellucian to deliver localized, intelligent payment experiences for Educational institutions worldwide,” said Munaf Bukhari, Deputy …
Sharjah Chamber wraps up trade mission to India
The Sharjah Chamber of Commerce and Industry (SCCI), represented by the Sharjah Exports Development Centre (SEDC), concluded its trade mission to India, with a series of business meetings and …
Sharjah Chamber wraps up trade mission to India, strengthens industrial cooperation at private sector level
These meetings took place on the sidelines of the Business Forum organized by the Sharjah Chamber in Ahmedabad …
UNESCO cements UAE’s historical significance by inscribing Sharjah’s Faya as the only Arab World Heritage Site inscription this year
The inscription came during the 47th session of the UNESCO World Heritage Committee in Paris, under the ‘Cultural Landscape’ category …
Dubai’s short-term rentals surge as overall market shows signs of cooling
While tenants are drawn to the flexibility and convenience of short-term leases, the long-term segment is cooling thanks to an expected delivery of over 72,000 new housing units this year.
Growing villa demand pushes Dubai residential sales to new heights in H1 2025
Villas recorded triple-digit growth in three months, including a 118 per cent rise in January, 111.5 per cent in February, and a 147 per cent surge in April …