In 2023, an obscure investor sold his home for the privilege of owning Pepe Coin (PEPE), a memecoin that was a few paces from the 0.0000 line in the chart. His gamble paid off when PEPE ‘s price …
Dubai expats turn to car auctions for second income with substantial returns up to 50% as UAE market booms
Dubai’s booming car auction market is offering expatriates a path to substantial second incomes, with some reporting profits of up to 50 per cent per vehicle as the sector experiences rapid growth …
Ministry of Finance achieves a major milestone in eInvoicing system
The Decision establishes a unified, secure, and standardised framework for accreditation and compliance in the UAE’s Electronic Invoicing System.
Abu Dhabi’s banking sector drives economic growth and investment prospects in The Report: Abu Dhabi 2025
The Report: Abu Dhabi 2025 will examine the key factors shaping the emirate’s economic growth, with a particular focus on the banking and financial services industry. The publication will also explore …
Telr has been granted the Retail Payment Services License from the Central Bank of the UAE
Marking a transformative milestone in its mission to drive financial innovation and seamless digital transactions …
UAE Central Bank maintains rates, following US move
The UAE Central Bank on Wednesday decided to maintain the base rate applicable to the overnight deposit facility (ODF) at 4.40 per cent. The UAE’s decision follows that of the US Federal Reserve, …
Dubai Financial Regulators Launch Tokenization Regulatory Sandbox for Crypto Firms
Dubai Financial regulators have introduced a Tokenization Regulatory Sandbox to support crypto firms in testing tokenized investment product.
Dubai traffic: RTA completes major upgrades on Sheikh Zayed Road
Dubai’s Roads and Transport Authority (RTA) has completed rapid traffic enhancements on Sheikh Zayed Road to optimise the efficiency of the emirate’s road network, improve traffic efficiency, reduce …
HSBC launches first-of-its-kind cash management solution in the UAE
Launching in the UAE and Egypt, with plans for global expansion; Dubai, UAE – HSBC today announced the launch of an innovative, first-of-its-kind cash concentration solution in th …
Trump, Sheikh Tahnoon advance UAE-US $1 trillion economic ties in talks on AI, energy investments
US President and UAE National Security Adviser discuss strengthening bilateral ties with focus on technological advancement and economic cooperation …
EXCLUSIVE: Dubai’s once-elite racehorse market now open for fractional ownership with digital tokens
The tokenised ‘syndicated ownership’ model for the sector will Simplify asset management and enhance liquidity by making fractional shares of racehorses transferable …
UAE and EU look to boost $67.6bn trade ties
The EU is the UAE’s second-largest global trade partner, sharing $67.6bn in non-oil trade 2024, a 3.6 per cent increase on 2023 and 18.1 per cent more than was recorded in 2022. The EU now accounts …
Dubai International Financial Center (DIFC) announces tokenization regulatory sandbox, calls for EOIs
Despite the fact that the Dubai Financial Services Authority (DFSA), based out of Dubai (UAE), launched its regulatory framework for investment tokens in 2021, the regulator notes that it didn’t …
Dubai Trips, Credit Card Transactions & Financial Frauds: DRI’s Key Findings In Ranya Rao Gold Smuggling Case
Kannada actress Ranya Rao was arrested by the Directorate of Revenue Intelligence (DRI) for allegedly smuggling around 14.8kg gold bars from Dubai to Bangalore last week. From frequent visits to Dubai …
GCC banks to thrive as GDP tipped to hit 3.5% as UAE and Saudi lead growth
GDP growth in the GCC is projected at 3.5 per cent in 2025. Interest rate cuts, together with further investment and structural reform initiatives, will mean non-oil growth of over 3.4 per cent in the …
Nearly half of UAE consumers have fallen for a scam, study shows
While 59 per cent of surveyed consumers in the UAE have some degree of confidence in their own ability to spot fraud, 92 per cent worry their family or friends might fall for a scam …
Dubai: Gold prices touch new highs in early trade.
Gold prices hit a new record in Dubai, crossing $3,015 per ounce. Discover the latest trends and insights driving the surge. At 9am, 24K was trading at Dh362.75 per gram …