The United Arab Emirates is trying to lure advanced technology companies away from hubs in Asia and Europe by fast-tracking business licences and offering long-term residency for employees.
( read original story …)
HSBC launches new banking service for millionaires in UAE
The UAE is attracting more capital and investment, which has also coincided with financial transparency concerns.
( read original story …)
Dubai Financial Services Authority partners with Thai Securities and Exchange Commission
The strategic partnership between the two sides has created a solid foundation for strengthening their bilateral cooperation in emerging technologies …
( read original story …)
UAE fast-tracks digital economy growth
The adoption of new solutions based on technology and digitization would enhance the country’s competitiveness and global leadership …
( read original story …)
HSBC expands private banking in UAE to cater to growing millionaire base
The new private bank is aimed at clients with investable assets of more than $2 million, HSBC said in a statement on Wednesday. “The launch of HSBC Bank Middle East Global Private Banking in the UAE …
( read original story …)
HSBC opens private banking facility for UAE’s millionaires
The new facility will offer both onshore and offshore private wealth management services HSBC has opened a branch of its private banking service in the UAE to cater to the needs of millionaires with …
( read original story …)
UAE banks’ gross assets rise to AED3,523 billion during July-August this year
The gross credit by banks, however, slipped marginally by 0.3 percent to AED1,851.1 billion from AED1,857.4 billion during the period, according to data by the Central Bank of the UAE (CBUAE) UAE …
( read original story …)
Upbeat sentiments in real estate, banking sectors push UAE stock markets index
DFMGI – closed 0.98 percent higher, driven by real estate, banking sectors Upbeat sentiments in real estate, banking sectors push UAE stock markets index Abu Dhabi bourse, Abu Dhabi Securities …
( read original story …)
UAE gross banks’ assets up 0.9% to over Dh3.5 trillion by end of August 2022
The total bank deposits increased by 1.6%, climbing from Dh2,132.9 billion at the end of July 2022 to Dh2,166.6 billion at the end of August 2022 …
( read original story …)
Dubai Islamic Bank teams up with UAE MOI to implement digital KYC journey
The initiative will allow new customers to open a bank account with DIB remotely and digitally through face-matching verification.
( read original story …)
Emirates Development Bank approves Dhs4.4bn in loans in first nine months of 2022
Emirates Development Bank approved Dhs1.3bn towards financing mSMEs and Dhs3.1bn towards financing industrial and infrastructure development …
( read original story …)
UAE markets in green driven by improved sentiments at realty, banking sectors
The UAE Stock markets closed higher on Tuesday, led by gains in heavyweight real estate and banking sectors. In Abu Dhabi, the FADX 15 , the first co-developed index under ADX’s strategic partnership …
( read original story …)
Dubai tenants find it cheaper to stay in existing apartments as rents soar
Residents, while choosing a rental property, also consider several factors, including connectivity to the workplace, school, and community amenities …
( read original story …)
UAE relied on expertise of retired US troops to beef up its military
Over the past seven years, 280 military retirees have sought federal authorization to work for the United Arab Emirates — far more than for any other country.
( read original story …)
UAE gross banks’ assets up 0.9% to over AED3.5 trillion by end of August 2022
The Central Bank of the United Arab Emirates (CBUAE) announced Tuesday that the Money Supply aggregate M1 decreased by 0.2%, from AED 720.6 billion at the end of July 2022 to AED 719.4 billion at the …
( read original story …)
UAE announces changes to Excise Tax Law to minimise tax avoidance, support business sector
New clause confirms that any person who receives an amount as tax or issues an invoice reflecting tax must settle the amount to the Federal Tax Authority …
( read original story …)
UAE’s real estate sector continues to build momentum in 3rd quarter
The UAE continued to witness a positive trajectory across the residential, office, retail and hospitality sectors in the third quarter of this year, JLL highlighted in its latest UAE Real Estate …
( read original story …)