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.
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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 …
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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 …
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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 …
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Emirates Development Bank approves $1.12bn funding in first nine months of 2022
Emirates Development Bank, the state-owned lender focused on financing companies in key industrial sectors, approved Dh4.4 billion ($1.12bn) in loans in the first nine months of the year, as it …
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Digitalisation set to boost UAE payment revenues to $18.7 billion
The payments industry in the Emirates is expected to record a compound annual growth rate of 7.7 per cent between 2021 and 2031 on revenues …
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Dubai’s Union Properties agrees to $162 million debt restructuring plan
The plan comes as part of a wider corporate turnaround strategy Dubai’s Union Properties agrees to $162 million debt restructuring plan Debt restructuring, Dubai property developer, Dubai real estate, …
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Dubai: Real estate firm completes Dh595-million debt restructuring
The successful plan marks a major milestone in the company’s turnaround strategy, which was announced during the first quarter of 2022 …
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Sanjay Shah to face new Dubai court hearing as prosecutors seek extradition
Dubai Court of Cassation on Monday referred the extradition case against British hedge fund trader Sanjay Shah back to the appeal court to be heard by a new panel of judges. Last month, Dubai Court of …
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Al Maryah Community Bank launches a first of its kind service in the UAE to deposit cheques digitally
Al Maryah Community Bank, the leading provider of digital banking services in the UAE, has launched, under the supervision of the Central Bank of UAE, a first-of-its-kind service in the UAE for …
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Half of UAE residents say remittances are a financial lifeline for dependants
Despite a wider economic recovery and international travel reopening after the Covid-19 pandemic, 66 per cent of UAE residents sent more money in the past year to family abroad. The global payments …
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OneConnect launches SaaS solution OneCosmo in the UAE
IBS Intelligence (IBSi) is the world’s only pure-play Financial Technology focused research, advisory, and fintech news analysis firm, with a 30-year track record and clients globally. We take pride …
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UAE: Can Indian expats get PAN, Aadhaar cards while in the Emirates?
An expert explains the process in detail and what can and cannot be done online, and which procedures require NRI’s to travel to India …
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UAE is No. 1 on ‘brand performance’ by a nation in Brand Finance’s 2022 rankings
UAE claims top spot in Brand Finance’s 2022 rankings on strongest performance The full extent of the reforms, on economy and residency rules, the UAE introduced in these two years are being felt …
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UAE-based Wio Bank forms partnership with Stripe
Wio Bank PJSC, the region’s first platform bank, has announced a partnership with Stripe, a financial infrastructure platform for businesses, which will enable SMEs in the UAE to access the power of e …
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Financial Services Firm Five FS Finalizes $3.5M Seed Round
Five FS has officially launched in the United Arab Emirates (UAE) and Saudi Arabia and also secured $3.5 million in seed funding.
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British hedge fund manager accused of tax fraud ordered to pay £1.1 BILLION to Danish authorities
The Dubai court’s decision on Monday not to extradite Shah came as a surprise to Danish prosecutors, but it appears the hedge fund manager could still be extradited should the decision be overturned.
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