The CBUAE, through its supervisory and regulatory mandates, works to ensure that all insurance companies comply with the relevant laws …
‘I don’t want to be sued’: OpenAI CEO Sam Altman rules out IPO plans due to ‘strange’ company structure
Altman made this statement during a conference in Abu Dhabi, where he emphasised the potential decision-making challenges that could arise when superintelligence is achieved …
Dubai ruler highlights importance of partnerships with private sector
Sheikh Mohammed also emphasised the role of the national workforce in advancing the emirate’s progress and prosperity …
Dubai logs over AED1.8 bn in realty transactions Tuesday
Dubai’s real estate market recorded 644 sales transactions worth AED1.63 billion on Tuesday, in addition to 87 mortgage deals totalling AED156.2 million, and 14 gift deals amounting to AED25.98 …
OpenAI CEO has no IPO plan due to ‘strange’ company structure
Microsoft-backed OpenAI, the company behind ChatGPT, has no plans to go public any time soon, Chief Executive Sam Altman said at a conference in Abu Dhabi. “When we develop super intelligence, we are …
Dubai Chamber of Digital Economy attracts 30 startups in Q1 2023
Dubai Chamber is supporting the emirate’s digital transformation while cementing its status as the global digital economy hub.
Rankawat to head FII Dubai Chapter
Hitender Mehta, chairperson international affairs and free trade zone committee FII and Atul Gupta, chairperson GST committee & investment cell were also part of the selection committee for FII – …
Hong Kong to allow lenders from Qatar, UAE to advise on local banking sector in a boost to financial ties with Middle East
Hong Kong is set to allow banks from Qatar, the UAE and Liechtenstein to advise on industry issues in the city, a step that will enhance collaboration especially between Hong Kong and the Middle East.
High road to Dubai COP28: Climate finance will be key at Bonn Climate Conference
Success in climate negotiations this year hinges on adequate financial commitments from the Global North towards the South.
Techs in the city: Dubai welcomes 30 digital start-ups, targets 300
During the first three months of this year, Dubai Chamber of Digital Economy successfully cooperated with relevant government entities to attract 30 start-ups with strong potential in the technology …
Khalifa Fund, The Accounter to provide UAE entrepreneurs with key financial services
The partnership aims to support Khalifa Fund entrepreneurs by offering them access to accounting and financial services, helping them grow and be in control of their financials …
Corporate Tax update: Non-residents will be taxed on income from UAE property
This applies to both immovable property that is held or used in a business and immovable property that is held for investment purposes …
Emiratisation in UAE banking sector rose by more than a fifth in 2022
The share of Emiratis as a proportion of total employees in the UAE banks rose to 33.2 per cent in 2022, the UAE Central Bank said on Monday.The exact figures were not disclosed but the regulator …
Sheikh Hamdan reviews DET’s strategy to achieve goals of Dubai Economic Agenda D33
Sheikh Hamdan said Dubai is committed to generating new opportunities for the private sector to contribute to efforts to consolidate the emirate’s rise as the world’s best city to live, work and visit …
Decision on determination of Non-resident person’s nexus in UAE
The UAE Ministry of Finance on Monday announced the issuance of Cabinet Decision No. 56 of 2023 on a Non-resident person’s Nexus in the UAE for the purposes …
CBUAE, bank CEOs discuss financial sector support for COP28 in UAE
Khaled Mohamed Balama, Governor of the Central Bank of the UAE (CBUAE), held a meeting with CEOs of UAE banks to discuss priorities and future initiatives for the banking sector, …
UAE: Ministry of Finance organises symposium on public financial policies and labour market
The symposium’s programme included presentations about practices, interactive discussions, networking opportunities, case study analysis and practical exercises …