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Tag: fintech

Posted on 23/06/2025

Dubai becoming the top legacy hub for African super-rich

For African investors, the UAE presents a seamless path with its transparent legal environment, absence of capital gains and inheritance taxes, and 100% foreign ownership across key industries …

Posted on 23/06/2025

Iran-Israel war: UAE oil pipeline offers safe alternative in case of Hormuz closure

The conflict between Iran and Israel has escalated significantly, with the United States now directly involved. This has triggered fears of a closure or harassment of shipping through the Strait of …

Posted on 23/06/2025

Half of India’s LNG imports come from Qatar and UAE, relying on Strait of Hormuz for supplies

India imports around 50 percent of its total natural gas requirement, out of which over 50 percent is supplied by two Gulf countries that ship LNG to India via the Strait of Hormuz route – Qatar and …

Posted on 23/06/2025

Strait of Hormuz: Asia’s oil supply from Iraq, KSA, UAE, Qatar, and Iran

Around 84 percent of oil passing through the Strait of Hormuz is destined for Asia, leaving the economies of China, India, South Korea and others vulnerable should Iran blockade the crucial trading …

Posted on 23/06/2025

LuLu launches new hypermarket in MBZ City, Abu Dhabi

LuLu Group has further strengthened its presence in the UAE with the launch of a new flagship hypermarket in Mohammed Bin Zayed (MBZ) City, Abu Dhabi. Strategically located on Al Ruha Street, this …

Posted on 23/06/2025

Is it safe to travel to Abu Dhabi amid US strikes

The UK Foreign Office has issued a warning to travellers considering a trip to Abu Dhabi amid rising tensions in the Middle East and US strikes on Iran. With its skyline of towers, theme parks and …

Posted on 23/06/2025

Sharjah introduces marriage leave for government employees

Sharjah introduced marriage leave for employees in government agencies, who will be eligible for eight days of leave. This move, introduced for the first time, comes under a new decree-law on human …

Posted on 23/06/2025

Oman to impose 5% income tax on high earners from 2028

Under the Personal Income Tax Law issued by Royal Decree No. 56/2025, the aim of introducing income tax is to diversify income sources of the government and reduce dependence on oil revenues.

Posted on 23/06/2025

Oman moves to become first Gulf state to impose personal income tax

Oman issued a royal decree to become the first country in the Gulf to impose a personal income tax, its tax authority said on Sunday, as the small oil producer works to diversify its revenue stream.

Posted on 23/06/2025

Oman Plans Income Tax on Top Earners in a First for Gulf States

Oman has announced plans to impose income tax, becoming the first Gulf state to do so in an effort to broaden its sources of public revenue beyond oil.

Posted on 23/06/2025

H-1B Visas Revoked: US Sends Tech Workers Back Home For Staying Too Long in India

Three Indian nationals face entry denial into the US due to overstaying their H-1B visa duration, highlighting strict immigration policies.

Posted on 23/06/2025

Dubai Customs secures HBC Women Leadership Award in London

The RSA is a historic organization that has been championing social progress and innovation since its establishment in 1754 …

Posted on 23/06/2025

The Iran-Israel conflict isn’t denting Chinese business optimism in the Middle East

Overall, Chinese merchants are relatively optimistic,” says Bear Huo, China general manager at FundPark, a fintech startup.

Posted on 23/06/2025

‘A great place to retire…’: Financial advisor calls India bad for business; ranks life in UAE, Singapore, Thailand

When it comes to building wealth, Akshat Shrivastava, Founder of Wisdom Hatch, said India ranks poorly. “Not only the operating taxes are crazy high (and you get jack-shit in return). The regulations …

Posted on 23/06/2025

UAE reinforcing its place as world-class startup hub with ecosystem built for success

Tech investor and entrepreneur Abdumalik Mirakhmedov hails sustained government drive to create dynamic, pro-business landscape for founders …

Posted on 23/06/2025

Three Indian H-1B holders denied US entry, visas cancelled in Abu Dhabi

B visa holders from India were refused entry into the US and had their visas revoked after overstaying in India; one for nearly three months, the others for longer. Authorities directed them to return …

Posted on 23/06/2025

BCCD keeps Dubai’s business community buzzing this summer

The British Chamber of Commerce Dubai supports members year-round with targeted networking, brand visibility, and curated business development opportunities …

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