Chinese investments in Dubai are gaining traction in sectors including logistics, clean energy technologies and artificial intelligence as the East Asian country looks to long-standing partners to …
Dubai welcomed almost 700,000 medical tourists in 2023
This influx of medical tourists contributed to a substantial rise in healthcare spending, which surpassed Dhs1.03bn, up from Dhs992m in 2023 …
UAE gold prices: Is it the right time to buy? Experts weigh in
Despite recent market volatility, gold remains a sought-after safe haven asset as experts weigh its potential in a turbulent economic landscape …
DFM seeks to widen investor base with eToro partnership
Toro, the trading and investing platform, on Monday announced its partnership with Dubai Financial Market (DFM), enabling eToro’s 38 million registered us..
India central bank asks banks to push direct rupee-dirham settlement: Reports
The RBI has not instructed banks to shift all dirham payments to this channel but instead is taking steps to encourage the development of an rupee-dirham market …
UAE court ruling opens door for crypto benefits, not salaries yet
While this decision marks a significant step towards crypto adoption, it stops short of allowing full salary payments in digital currencies …
Dubai Hedge Fund’s $700 Million Debut Set to Bolster City’s Hub Status
Dubai-based Magellan Capital Holdings Ltd. is set to launch a $700 million multistrategy hedge fund next month that will rank among the largest debuts in the United Arab Emirates.
Top of the ops: Dubai medical tourism booming as 691,000 spend over $280m; top procedures revealed
Dubai medical tourism is booming, with 691,000 health tourists spending AED1bn ($280m) last year, according to a recent report by the Dubai Health Authority (DHA). Dentistry, dermatology and …
UAE: Zaki Nusseibeh signs transport fund for ‘ALainSat-1’ satellite
The “ALainSat-1” satellite aims to conduct radiation measurements and analyse vegetation cover, providing accurate scientific data that supports research across various fields and bolsters the univers …
UAE corporate tax: Why businesses must have an efficient documentation system
As an accountant, I have always found the legal profession to be quite intriguing. Legal professionals possess brilliant analytical minds, are deeply educated, and have accumulated many years of …
International Astronomical Centre in Abu Dhabi discovers asteroid
ABU DHABI, 19th August, 2024 (WAM) — The International Astronomical Centre in Abu Dhabi has announced the discovery of a new asteroid within the asteroid belt of our solar system by one of its team …
Largest food hall in the Middle East open in Dubai Festival City
Al-Futtaim Real Estate’s 70,000-square-foot Market Island has been developed in collaboration with Russian developer Zemskiy Group, marking its Dubai debut. Largest food hall in the Middle East open …
UAE to Impose Fines of Up to Dh1 Million for Hiring Tourists
The UAE government has significantly increased fines for employers hiring workers on visit visas, as part of new amendments to the labor law. Legal experts emphasize that these changes are aimed at …
‘Low air fares for expats’: UAE travel group to launch Indian airline, expand to Middle East
An Indian business group with a presence in the UAE will launch an airline that they claim will provide economical air tickets for residents. The Alhind group, which has been operating in the travel …
UAE: Domestic workers and employers can resolve disputes faster under new law
“Now, Mohre can immediately resolve domestic worker disputes if the claim’s total amount does not exceed Dh50,000 or if the dispute involves non-compliance with a prior decision issued by the ministry …
UAE will grant two-month grace period for expired residence visas
The United Arab Emirates has announced that anyone violating the UAE residence system will be given a two-month grace period. Starting from September 1, if you are found in violation of the residency …
ED investigates Indian links of foreign gambling apps, suspects over Rs 1 lakh cr bets
The Mahadev scam, revealing extensive illegal online betting networks, is far from resolved despite some progress. The Enforcement Directorate (ED) is now investigating over two dozen offshore gaming …