Dubai Police have arrested a man wanted by Interpol for match-fixing and fraud allegations. The police apprehended “William Pereira Rugato,” a Brazilian citizen listed on INTERPOL’s Red Notice, for …
UAE court grants landowner permission for construction amid mortgage dispute with bank
In its final ruling, the court mandated the issuance of the required permit approvals to the municipality, provided the development aligns with zoning guidelines …
How Dubai’s travel wave is boosting the forex market
Dubai acts as a crucial link connecting Asia, Europe, and Africa, providing convenient access for travelers from nearby areas. Affordable flight options and efficient travel times also play a …
UAE jobs: More UK candidates flock to Emirates after high-tax budget
The UAE employment market has been receiving an influx of candidates from the UK after Chancellor Rachel Reeves presented her budget on October 30, according to recruitment consultants. This …
UAE Pavilion at COP29 discusses means to develop climate finance
Eight sessions were held at the UAE Pavilion at COP29 on Thursday on ‘Climate Finance’ discussing how the global transition towards a net zero and climate-resilient future can be accelerated for all.
Grant Thornton report identifies 66 women on audit committees in UAE
Out of the 148 companies reviewed, women chair 22 audit committees, with these roles occupied by 19 individual women.
How Dubai bank staffer connected cyber crime operatives in Mumbai, Pune to international masterminds
As per the latest figures available of cases registered with the cyber crime police station of Pune city and Pimpri Chinchwad, around 510 people have lost a staggering Rs 170 crores in online share …
After IPO hype, Lulu shares close flat in debut trading on ADX
UAE’s Lulu Retail Holdings Plc’s shares closed flat in debut trading on Thursday after its blockbuster Abu Dhabi IPO– upsized in the face of enthusiastic demand–raised $1.72 billion. Shares opened …
‘I was once scammed out of a lot of money’: British expat recalls financial lessons
As the founder of Decluttr Me, Shelina Jokhiya has shed the mantle of a solicitor and worn one of “professional organiser”. She found a niche with the dec..
Ukrainian deputy’s family tangled in luxury Dubai real estate scandal
The family of Hennadii Kasai, a deputy from the presidential party Servant of the People and a member of the parliamentary defense committee, owns real estate in Dubai worth over a million dollars, …
Dubai dealings: Family ties and defence contracts under scrutiny
Based on mortgage records, RFE journalists discovered that Kasai’s 22-year-old daughter owns an apartment valued at approximately €295,000. Meanwhile, his 25-year-old nephew, Oleksandr Kasai, owns …
Lulu shares fall on trading debut in Abu Dhabi stock market after mega Gulf IPO: 12 things to know
Lulu Retail Holdings shares fell in debut trade on the Abu Dhabi Security Exchange on Thursday after its record breaking $1.72 billion IPO. Here’s all you need to know …
COP29: UAE consensus serves as a beacon for multistakeholder climate action
T he COP29 Presidency hosted the Business, Investment & Philanthropy Climate Platform to harness the collective power of the private sector and drive progress for climate action.
Dubai’s property market cycles: The highs and lows
even though Dubai had no US-style subprime mortgages or toxic CDO derivatives. In 2008-10, home prices began to fall more than rents, so yields in Dubai rose to among the highest in the world.
It’s time European investors capitalized on Dubai’s green investment opportunities
Investor David von Rosen explains why European investors should tap into Dubai’s environmental, social and governance (ESG) opportunities.
Lulu Retail sarts trading on ADX following its record-breaking IPO
Lulu’s IPO raised gross proceeds of AED 6.32 billion (c. $1.72 billion)[1] making it the largest offering in the UAE in 2024 to date. The offering saw aggregate demand of over AED 135 billion (c. $37 …
Ministry of Finance signs MoC with Ajman Free Zones to enhance tax information exchange services
Dubai: The Ministry of Finance (MoF) has signed a Memorandum of Cooperation (MoC) with Ajman Free Zones Authority (AFZA) to provide consultancy services for tax information exchange.