The dip in Dubai’s real estate market is a “common trend” that is seen during the holidays Dubai real estate sales fall for first time in 2023: Report Dubai, Dubai real estate market, Real Estate, UAE …
Hedge fund trader Sanjay Shah loses appeal over order to pay $1bn in tax
Sanjay Shah, a hedge fund trader accused of masterminding a massive tax fraud, lost an appeal at a Dubai court.
UAE corporate tax: Ministry issues decision on exemptions
The UAE said the decision aims to clarify the application of the corporate tax regime for individuals and only business income is taxed …
UAE Islamic banks supported by favourable operating conditions
High oil prices and solid economic conditions will continue to support UAE Islamic banks’ credit fundamentals in 2023 …
UAE: Are interest-only home loans risky? What to know before opting for them
Image Credit: Shutterstock Dubai: Even though they are not as common as traditional … Also, it may not be easy to qualify as you will need to prove to the bank your repayment capability.” Markara …
The Debt Panel: ‘I left the UAE without paying off my credit card’
I worked in the UAE for about 10 years until 2011. I then lost my job and returned to my home country in the same year. I had a credit card from a local bank and when I left the Emirates, I owed a …
UAE announces key tax rule update for resident, non-resident entrepreneurs
The Ministry of Finance has increased the tax threshold for business or business activities conducted by individuals …
Hedge Fund Trader Sanjay Shah Loses Appeal Over Order to Pay $1 Billion in Tax
Sanjay Shah, a hedge-fund trader accused of masterminding a massive tax fraud, lost an appeal at a Dubai court over an order to pay the Danish authorities more than 8.5 billion krone ($1.24 billion).
British financier ordered by UAE high court to repay $1.7 billion bilked in tax fraud
The United Arab Emirates’ highest court Tuesday ordered a British hedge fund trader convicted of orchestrating a $1.7 billion tax fraud to pay that amount to Denmark’s tax authority. Financier Sanjay …
UAE: Will 9% corporate tax apply to personal income, investments? Ministry clarifies
The UAE’s Ministry of Finance on Wednesday clarified that individuals conducting business activities will be subject to corporate tax and registration requirements only if their combined turnover …
UAE business owners to be subject to corporate tax only if their turnover exceeds Dh1m
The UAE’s Ministry of Finance has confirmed that business owners in the country will be subject to corporate tax only if their turnover in a calendar year exceeds Dh1 million ($272,294). The Cabinet …
The UAE-based Balance App: Revolutionizing Mobile Banking with a Focus on Millennials, Gen Z and First-Time Investors
Kartik Tikku said We are working with the current ecosystem and adding value to it through our design, product, and branding expertise …
Dubai real estate market records AED2bn property deals on Tuesday
Tuesday’s deals included 512 sales transactions worth AED1.39 billion, 98 mortgage deals of AED562.97 million, and 23 gift deals amounting to AED59.9 million Dubai real estate market records AED2bn …
UPDATE 1-UAE’s Aldar to issue 10-yr $500 mln green sukuk Weds-document
Aldar Investment Properties, a unit of Abu Dhabi’s largest developer Aldar Properties , plans to issue a $500 million 10-year debut green Islamic bond, or sukuk, on Wednesday, according to a bank …
Empowering the future of finance
The Finance Excellence and Leadership Summit, organised by the Association of Chartered Certified Accountants (ACCA) and the Institute of Management Accountants (IMA), is an innovative event that …
UPDATE 1-Abu Dhabi’s ADNOC looks to raise up to $607 mln from IPO of logistics unit
State oil giant Abu Dhabi National Oil Co (ADNOC) said on Tuesday it has set a price range for an initial public offering of its marine and logistics unit that could raise up to $607 million and could …
Dubai records over $544mln in realty transactions on Tuesday
DUBAI: Dubai real estate market recorded 512 sales transactions worth AED1.39 billion, in addition to 98 mortgage deals of AED562.97 million, and 23 gift deals amounting to AED59.9 million on Tuesday, …