The UAE’s financial capital is one of the world’s most affordable luxury property markets, with US$1 million fetching a 1,130 sq ft home versus 226 sq ft in Hong Kong Dubai’s luxury home prices are …
Dubai’s booming housing market attracts Asia’s rich, with ‘clear demand-supply imbalance’ set to push prices up further
Dubai is one of the world’s most affordable luxury property markets, according to Knight Frank. Prices are set to rise 13.5 per cent this year after climbing 44 per cent in 2022, the most globally.
Dubai can now produce nearly half a billion gallons of water per day
Dubai’s daily production capacity of desalinated water has reached almost half a billion gallons.The Dubai Electricity and Water Authority extended the water transmission pipeline network by 64km last …
Senior UAE official defends Big Oil’s role at UN climate summit that Gulf nation will host
The talks in Dubai will also see countries conduct the first ‘global … climate system and we need to support that transition for them,” said al-Suwaidi. “Finance is going to be really fundamental at …
Dubai’s Palm Jebel Ali revival; UAE corporate tax; Careem, Talabat row – 10 things you missed this week
Check out the Arabian Business selection of the biggest stories this week Dubai’s Palm Jebel Ali revival; UAE corporate tax; Careem, Talabat row – 10 things you missed this week Careem, Deliveroo, …
Billionaire Louis Casper Dunweber Revolutionizes the Financial Market with KING AI’s Free FOREX Signals Service.
With the new development, Billionaire Louis Casper Dunweber is set to disrupt the financial market with KING AI’s free FOREX signals services. This latest approach unveils the future of forex trading …
First Abu Dhabi Bank Hires Two Senior Executives in Latest Shakeup
(Bloomberg) — First Abu Dhabi Bank PJSC is hiring two new senior executives in the latest shakeup at the United Arab Emirates’ largest lender. Most Read from Bloomberg China Is Drilling a …
EFG Hermes completed a $769m IPO of Adnoc L&S on the ADX
Head of Investment Banking, commented, “We are delighted to be building on our longstanding partnership with Adnoc and to be advising on the IPO …
Emirates Development Bank enhances partnership with Abu Dhabi Department of Economic Development’s Industrial Development Bureau at Make It in the Emirates Forum
Emirates Development Bank (“EDB” or “the Bank”), a key financial engine of the UAE’s economic development and industrial advancement, signed a Memorandum of Understanding (MoU) with the Abu Dhabi …
UAE remains a burgeoning blockchain capital in 2023
With blockchain growing fast, the latest reports suggest more than $78 billion in remittance payments between Saudi Arabia and UAE, as they make the top 30 largest …
MOVES-UAE lender FAB appoints new senior execs
First Abu Dhabi Bank has appointed Sameh Al Qubaisi as group head of global markets and Eric Shehadeh as group head of mergers & acquisitions and corporate development, the lender said in a statement …
Americana Restaurants enters $87bn MSCI UAE Index following smash listing success
Designed to measure the performance of the large- and mid-cap segments of the UAE market, it has usually included finance, real estate and the oil industry in the past The MSCI indexes, operated by …
Is UAE planning to introduce income tax? Top official responds
With corporate tax taking effect on June 1, the official also clarified that the scheme won’t apply to the personal income of workers employed in government and private sectors …
Bharat Founders Partner Maanav Sagar Suggests Growth Strategies For The UAE Fintech Sector
“In the long run, I think that access to credit is what all businesses need and at the easiest touchpoints, so embeded finance will be able to solve that,” said Sagar. “In terms of fintech, the UAE …
UAE’s Finance Ministry issues corporate tax exemptions for free zones
The UAE’s Ministry of Finance has shed light on new details related to corporate tax for businesses operating within the country’s free zones after the Gulf nation introduced the tariff on June 1.
Dubai Financial Market adds 22,704 new investor accounts in five months
Brokerage companies at the Dubai Financial Market added 22,704 new investor accounts in the first five months of 2023. The market reportedly witnessed significant momentum since the announced listing …
Corporate tax: UAE exempts free zones from business tax
The UAE’s Ministry of Finance said qualifying entities in the country’s economic free zones will be subject to a 0 per cent rate …