The OECD, comprising 38 of the world’s largest economies, has included the UAE’s 15 per cent tax on large multinational companies in its “transitional qualified status” list. The move is expected to …
Tax update: UAE gets OECD transitional qualified status for DMTT
The UAE Ministry of Finance said on Monday that the Organisation for Economic Co-operation and Development (OECD) has granted its Domestic Minimum Top-up Tax (DMTT) transitional qualified status. The …
Less Tax, More Luxury: Why Millionaires Are Moving To Dubai
Rich people are flocking to Dubai in record numbers, drawn to the desert city by its zero income tax policy and easy luxury lifestyle that has become harder to maintain elsewhere.
Drydocks World to fabricate world’s largest FLNG facility
Drydocks World, a DP World company, has secured an engineering, procurement and construction (EPC) contract from AMIGO LNG for the fabrication and delivery of the world’s largest floating liquefied …
Bluerails launches on-chain treasury platform for yield and instant global payouts
Dubai-based fintech introduces solution to strengthen treasury operations and support global payments for businesses …
Dune: Part Three to film in Abu Dhabi’s Liwa Desert later this year
The Dune franchise is returning to Abu Dhabi for a third time. Dune: Part Three, set to release in December 2026, will begin shooting in the UAE capital “later this year”, according to the Abu Dhabi …
Dune: Part Three returns to Abu Dhabi’s Liwa Desert
The Dune franchise is returning to Abu Dhabi for a third time. The upcoming Dune: Part Three, set to release in December 2026, will begin shooting the UAE capital “later this year” according to the …
Here’s Why Fiserv (FI) Traded Down in Q2
Baron Funds, an investment management company, released its “Baron FinTech Fund” second quarter 2025 investor letter. A copy of the letter can be downloaded here. In the second quarter, the fund …
Dubai-based Fintech, Beehive, Releases State of the SME Ecosystem Report
The report is released as Beehive celebrates a key milestone of five years of operation. Launched in 2014, the company has grown from a start-up to become leading fintech SME in the region with a …
Ocean Power Technologies Accelerates UAE Growth Strategy Through Expanded Partnership with Unique Group
Ocean Power Technologies, Inc. (NYSE American: OPTT) (“OPT” or the “Company”), a leader in innovative and cost-effective low-carbon marine power, data, and uncrewed surface vehicle (USV) solutions, …
Coral Beach Resort Sharjah renews commitment to circula reconomy with Dr. Linen collaboration
UAE: Coral Beach Resort Sharjah has once again reaffirmed its commitment to sustainability by partnering with Dr. Linen Sustainable Ventures FZCO for the second time, handling over 700 kilograms of …
To boost UAE–India ties, Sheraa and Startup Middle East sign MoU to launch India Startup Hub in Sharjah
Sheraa and Startup Middle East have signed an MoU to launch the India Startup Hub in Sharjah, aiming to connect Indian entrepreneurs with the UAE’s innovation ecosystem. The partnership enables …
Dubai warns firms over villa construction costs
Dubai Municipality warns firms over inflated villa designs, enforcing Building Code to cut costs and ensure safe, sustainable construction …
DMCC Partners With Swedish Fintech to Strengthen Dubai’s tech sector
DMCC, the leading international business district that drives the flow of global trade through Dubai, has signed a strategic partnership with the Swedish fintech pioneer Vermiculus. The MoU reinforces …
Scottish businesses unite to build Dubai ‘GigaFarm’
IGS first unveiled the GigaFarm project alongside partners ReFarm during COP28 in December 2023. Ground has since been broken on the 900,000 sq ft site, with the first components for construction of …
Brevan to Sell Stake to Abu Dhabi’s Lunate in $2 Billion Deal
Brevan Howard Asset Management is set to hand a minority stake to Abu Dhabi’s Lunate in a milestone agreement for the macro-trading firm that turned the emirate into its biggest risk center in just a …
DMCC signs fintech MoU with Sweden’s Vermiculus
The partnership will explore collaboration on deploying financial technology solutions for exchanges, clearing houses, and central securities depositories …