further boosting the UAE’s financial stability and economic growth. The creation of prosecution offices specialised in economic crimes and money laundering is a part of the transformative projects …
UAE to Set Up Anti-Money Laundering Bodies Amid Scrutiny
The United Arab Emirates announced plans on Sunday to establish judicial bodies to prosecute money laundering and financial crime following increased monitoring by a global watchdog dedicated to …
UAE: New decisions on tax procedures, penalties and exemptions announced
Penalties apply for late filing and payment of corporate taxes, as well as for not maintaining proper records or providing required tax information …
UAE: MoF announces schedule of administrative penalties for corporate tax violations
The Corporate Tax Law Penalties have been carefully designed and benchmarked to ensure successful implementation and compliance of the Corporate Tax Law without burdening UAE businesses that comply …
UAE: Defaulted on a credit card? Here’s how you can settle your case
Alternatively, you may request the bank for a settlement, or you can approach a court of competent jurisdiction for voluntary settlement of your debts with your lender or commence insolvency …
DFM reports Dhs112.2m half-year profit, up 77%
The DFM General Index posted impressive growth of 14 per cent, closing at 3,972 points while market capitalisation soared to Dhs652bn …
GCC stock markets are hitting record highs. Here’s why
After a strong performance last year, the GCC region is set to see more activity in its capital markets in the medium term .
UAE market closes higher on rate pause optimism
Stock markets in the United Arab Emirates (UAE) rose on Friday, as investor confidence improved on expectations that central banks such as the U.S. Federal Reserve and European Central Bank are …
Crypto Mining Retailer Phoenix Looks at IPO in UAE: Bloomberg
Phoenix Technology, a crypto mining hardware retailer and mining facility operator, is considering going public, Bloomberg reported on Friday. Phoenix is in early stage talks for an initial public …
UAE and Dubai continue to grow as strong emerging venture markets
As the startup scene in the MENA region continues to gain traction, investors and entrepreneurs are flocking to this dynamic ecosystem.
Dubai logs over AED2.4bn in realty transactions Thursday
DUBAI, 27th July, 2023 (WAM) — Dubai’s real estate market recorded 559 sales transactions worth AED1.81 billion on Thursday, in addition to 120 mortgage deals totalling AED374.77 million, and 110 …
Profits of leading UAE bank Emirates NBD surge by 130 pct in H1
The profits of Emirates NBD a leading bank group in the United Arab Emirates UAE in terms of assets increased by 130 percent to a …
Dubai: Emirates NBD’s H1 profits jump 130% to record Dh12.3 billion
Dubai’s largest bank on Thursday announced a massive increase of 130 per cent in profits to a record Dh12.3 billion in the first half of 2023 on strong cur..
Dubai: 12 tips that can help Dubai expats achieve financial freedom
Financial independence is a dream that many people cherish. It means being able to live life on your own terms, without being restricted by financial const..
Dubai real estate market records multi-year high rental surge in 2023
The rising trend of tenants turning to home buyers is adding to the already high demand for properties in Dubai, impacting the deteriorating demand-supply situation in the market Dubai real estate …
Dubai Islamic Bank reports 15% rise in its net profit to AED3.11bn in H1, 2023
The bank said the improvement in its performance was driven by rising core revenues, controlled impairments and effective cost management Dubai Islamic Bank reports 15% rise in its net profit to AED3.
Dubai properties: Transactions hit Dhs283bn in H1 2023; DLD reveals top 10 areas
Al Barsha South Fourth topped the list of top 10 Dubai properties for the number of transactions with 7,228 transactions …