The FDI law was then followed by the announcement on July 2019 of a Positive List of 122 business activities where foreign investors can own up to 100 per cent of the shares in an onshore company. The …
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Fitch Affirms United Arab Bank at ‘BBB+’; Outlook Stable
Fitch Ratings has affirmed United Arab Bank P.J.S.C.’s (UAB) Long-Term Issuer Default Rating (IDR) at ‘BBB+’ with a Stable Outlook and Viability Rating (VR) at ‘b’. UAB’s Long- and Short-Term IDRs, …
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Dubai launches new platform to help innovators secure funding for ideas
Crown Prince Sheikh Hamdan unveils ‘Dubai Next’ initiative which encourages the use of crowdfunding to finance new business ventures …
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UAE scores high for expats on quality of life, low on cost of living: InterNations
The UAE has been ranked as one of the top 20 best expat destinations for 2021 in the latest Expat Insider survey by InterNations, a global community of people who work abroad. The study, which is …
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Full foreign ownership of UAE firms set to go live
The news was announced on the UAE government’s Twitter account in Arabic. A translation reads: “Allowing full ownership of companies by investors and entrepreneurs to start from 1 June 2021. “The …
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UAE: Reader complains against bank for not issuing a release letter for a fully paid car loan.
Bank resolved the issue after Gulf News’ intervention …
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UAE, Russia trade ties highlighted
The Abu Dhabi Chamber of Commerce and Industry (ADCCI) and the Russia-UAE Business Council discussed the means of boosting trade and economic cooperation between businesses in Abu Dhabi with their …
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UAE: 95% of expats feel safe, says new study
In the Quality of Life Index, the UAE ranks 17th with especially good results in the Safety & Security subcategory (3rd), where only Finland (1st) and …
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UAE safe, peaceful for expats
In the Quality of Life Index, the UAE ranks 17th with especially good results in the Safety & Security subcategory (3rd), where only Finland (1st) and …
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We’re Live in 3,2,1 – iFX EXPO Dubai Opens its Doors Tomorrow Morning!
FX EXPO Dubai opens its doors tomorrow morning! The long awaited iFX EXPO runs from 19-20 May 2021 and the Ultimate Fintech team are on site ready to welcome attendees! Travellin …
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UAE firm launches new property tokenization platform
Linked to a decentralized finance (DeFi) liquidity pool, Arms & McGregor International Realty is bringing the new concept of Europe’s leading real estate tokenization firm Blocksquare to UAE. The …
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UAE Central Bank revokes firm’s licence for violating rules
The UAE Central Bank (CBUAE) on Tuesday said it had imposed administrative sanctions on S&S Brokerage House operating in the country and also revoked its licence for violating the rules. The regulator …
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Central Bank of UAE imposes administrative sanction on S&S Brokerage House
“S&S Brokerage House has ceased to carry on one or more of its licensed financial activities for a period exceeding one year. Accordingly, the CBUAE has decided to revoke their li …
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Is Dubai-based Baraka the Middle East’s answer to Robinhood?
Startup Baraka wants to tap into the growing demand for commission-free trading platforms, while also educating inexperienced investors in the Middle East.
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UAE jobs: Banks on hiring spree, offer monthly salary up to Dh5,000
A two-day walk-in-interview for the jobs of sales officers at leading UAE banks will begin on Wednesday (May 19), offering up to Dh5,000 salary plus other incentives on achieving sales targets. The …
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Global Trading Provider INFINOX Opens Dubai Hub as Asian Expansion Accelerates
The global trading provider INFINOX has unveiled a new hub in Dubai amid a rapid expansion of its operations across Asia.
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Adex, TDB to boost trade with Africa via $30mln trade finance facility
Abu Dhabi Exports Office (Adex), the export-financing arm of Abu Dhabi Fund for Development (ADFD), has signed a $30 million (Dh110.19 million) line -of-credit agreement with the Eastern and Southern …
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