Dubai-based Tristar Transport is again looking to sell itself three years after it shelved plans to launch an initial public offering (IPO) Bloomberg reported, citing people familiar with the matter.
This is how companies are benefiting in the UAE’s tax free environment
UAE free zone companies enjoy a host of benefits including easier access to regional and global markets, 100 per cent exemption from customs duty charges, and simplified procedures for setting up …
UAE central bank introduces wholesale, retail digital dirham strategy
The Central Bank of the United Arab Emirates has announced a strategy for implementing new central bank digital currency projects.
Firm hosts UAE’s largest Iftar for 5,000 faithful in Dubai
Al Haramain Group, a leading UAE manufacturer and retailer of fragrances, organised the UAE’s largest Iftar dinner for 5,000 people, in celebration of its business success of a network of 120 stores …
Banking industry in the UAE – statistics & facts
The total value of Islamic banking assets in the UAE is around 631 billion Emirati dirhams, around ten percent of the global Islamic banking assets. In contrast to conventional banking …
Dubai Investments redefines luxury living at Jumeirah Village Circle
Dubai Investments, a prominent investment firm listed on the Dubai Financial Market, has unveiled a new residential venture valued at AED 300 million …
UAE given more time to offer concessions in Telegraph bid
The Abu Dhabi fund bidding for The Telegraph has been granted more time to make concessions to the Government amid concerns about the impact of the deal on press freedom.
UAE better with regulation as it becomes growing hub for advisers
The Dubai Financial Centre is “on the ball” with financial regulation as it becomes a growing hub for financial services, according to Gaenor Jones, regional director of the CII, Middle East.
Here’s what Dubai’s new 20% tax regime means for foreign banks
Dubai’s new tax regime clarifies that the headline 9 per cent corporate tax, will be creditable against the emirate-level tax on foreign banks.
Up to $1,090 per child: Dubai parents concerned over early school re-enrolment notice
Schools in Dubai have started issuing notifications to parents regarding re-enrolment for the upcoming academic year, with some schools charging up to Dh4,000 as re-registration fees per child. This …
Dubai: Hand-carried gold challenges to be addressed with better regulations, surveillance
Currently, there is no accepted standard globally for passengers carrying gold bars, coins and jewellery in their luggage …
Emirates Islamic Bank contributes AED 5 million to Mothers’ Endowment campaign
Emirates Islamic Bank has contributed AED 5 million in support of the Mothers’ Endowment campaign, launched by His Highness Sheikh Mohammed bin Rashid A …
Creating wills, trusts in the UAE: What you should know
In the absence of a well-structured wills or trusts, beneficiaries in the UAE could encounter several challenges …
Emirates Islamic Bank contributes AED 5mln to Mothers’ Endowment campaign
UAE, Dubai – Emirates Islamic Bank has contributed AED 5 million in support of the Mothers’ Endowment campaign, launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime …
UAE emerges as a key player in the global Crypto investment scene
United Arab Emirates (UAE) has solidified its position as a significant player in the global cryptocurrency investment landscape, with recent reports showcasing substantial gains in the sector.
UAE: Emirati expert says global challenges can be tackled with cultural diplomacy
COP28 UAE unfolded concrete plans and practical solutions aimed at addressing the climate crisis, facilitated by cultural diplomacy …
UAE Central Bank piloting CBDC with UAE Commercial Banks and payment processors
UAE Central Bank is encouraging all UAE Commercial banks and payment processors to participate in pilot integration for CBDC digital dirham All UAE licensed financial institutions will adopt digital …