Designed to support and advance entrepreneurship in the UAE, the AI-assisted business plan builder generates business plans that comply with criteria and requirements set by free zone authorities and …
SICO’s H1 preferred picks are Dubai’s Emirates NBD, Dubai Islamic Bank
Bahrain-based financial services company SICO said given an environment of high interest rates, Dubai-based banks, Emirates NBD and Dubai Islamic Bank are better placed in H1-2023 as they are likely …
Plus500 secures lucrative DFSA license in Dubai
Plus500 has secured a license from the Dubai Financial Services Authority (DFSA) after it has already incorporated its new subsidiary in the Dubai International Financial Center (DIFC).
UAE Changes Private Companies Emiratization Deadlines
For private sector companies to hire Emiratis, the UAE government has revised the deadlines. Announced on January 1, Companies with more than 50 workers must ensure that 2% of their workforce is made …
Dubai: More Landlords To Use Direct Debit Payment For Rents Instead Of Cheques
Real estate agents in Dubai are increasingly piloting the new direct debit system which allows them to directly debit rent from the tenant’s bank account. This will result in reduced usage of the …
UAE foreign trade achieved AED2.233 trillion in 2022 with growth rate of 17%: Mohammed bin Rashid
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, chaired the UAE Cabinet meeting at Qasr Al Watan Abu Dhabi, in the presence of H.H. Sheikh …
UAE Economy Resilience and Recession-Proof Factors Highlighted by KhaleejReport
KhaleejReport.com, a leading online source for news and analysis about the Middle East and the world, has released a special report that sheds light on the factors behind the resilience of the UAE …
UAE Central Bank cancels licence of health insurance company for non-compliance
The company is a third-party administration service company providing medical benefit and claims administration services …
Dubai records over $381mln in realty transactions Monday
DUBAI – Dubai real estate market recorded 490 sales transactions worth AED1.17 billion, in addition to 86 mortgage deals of AED177.94 million, and 15 gift deals amounting to AED55.81 million on Monday …
UAE’s Burjeel enters Saudi Arabia market with deal for 60 clinics
Abu Dhabi healthcare provider Burjeel Holdings has signed a preliminary agreement with Saudi Arabia’s Leejam Sports Company to set up more than 60 clinics in the kingdom as part of its regional …
UAE Central Bank cancels licence of a company for not complying with guidelines
The company is a third-party administration service company providing medical benefit and claims administration services …
UAE Central Bank cancels licence of IRIS Health Services
The CBUAE, through its supervisory and regulatory mandates, works to ensure that all insurance companies and professions related to insurance companies, comply with the UAE laws …
Dubai inmates receive over $1.9mln in financial aids in 2022
Financial aid helped bail out in-debt inmates, settle inmates’ financial cases and pay off their outstanding blood money …
Dubai Inmates Receive Over AED 7 Million In Financial Aids In 2022
The Punitive and Correctional Establishments at Dubai Police, in collaboration with charitable associations in Dubai and philanthropists, provided 98 male and female inmates with AED 7,047,709 in …
Dubai Police help bail out inmate who fell into debt after losing job
The Dubai Police came to the rescue of a 31-year-old inmate who had lost his job and incurred debts after he tried to set up a business. After his divorce, he was the sole breadwinner for the family, …
Dubai: Investors fined over Dh360,000, sentenced to prison for defrauding man
The victim added that he met the second defendant who showed him documents establishing that they have helped several investors in Dubai to create and expand … He also submitted bank statements …
UAE Participates In First Sustainable Finance Working Group Meeting Within The G20 Finance Track For 2023
The UAE recently participated in the first Sustainable Finance Working Group (SFWG) meeting within the G20 Finance Track for 2023, which was held for the first time under the Indian Presidency. The …