The report analyses 189 economies on 11 parameters of business processes. UAE: Rank 26 UAE ranks 26th in ease in doing business, coming up from 60th position in 2016. The reforms made this year include streamlining of name reservation and articles of ... ( read original story ...)
Why family business owners in UAE are seeking dual nationality
Dubai: A growing number of business owners in the UAE is looking to get a second passport, not just to see the world freely and secure better quality of life for their family, but also to skip red tape as they diversify their assets and expand their ... ( read original story ...)
Dubai is always open for business
Dubai's ability to attract foreign direct investment and sustain its ranking among the top 10 in the world is no mean feat. Especially so when global growth remains weak and volume of foreign direct investment continues to fall worldwide. Last year, the ... ( read original story ...)
Will UAE apply VAT on expat remittances too?
"I am not aware of any UAE official information on VAT in relation to the remittance service. However, if the new VAT laws follow the similar practice in the EU countries, these transactions [fees charged by financial services for the remittance services ... ( read original story ...)
Dubai's success in maintaining capital inflow, number of new FDI projects is a major achievement
Dubai's competitive business environment that creates unique and diverse opportunities for foreign investors stems from the vision and directives of Their Highnesses, he said. ( read original story ...)
First Abu Dhabi Bank to attract more investors to bourse
Dubai: The start of share trading on First Abu Dhabi Bank is expected to attract more investors to the Abu Dhabi bourse and reflect positively on overall trading, according to the bourse’s chief executive. In a statement on Sunday, Rashed Al Balooshi ... ( read original story ...)
FGB, NBAD merger creates UAE's largest bank
Following the legal completion of the merger between First Gulf Bank (FGB) and National Bank of Abu Dhabi (NBAD) on April 1, 2017, the combined bank began trading on the Abu Dhabi Securities Exchange (ADX) today under ticker symbol 'NBAD'. Reflecting the ... ( read original story ...)
Fire hits Dubai high-rise complex near world's tallest tower
An inferno burned early Sunday in a high-rise tower complex being built alongside Dubai's largest mall, its thick black smoke shrouding the world's tallest building nearby in this desert metropolis where skyscraper blazes remain a worry. Though authorities ... ( read original story ...)
Fire engulfs 72-storey skyscraper in downtown Dubai
An inferno burned early Sunday in The Address Residences Fountain Views, a high-rise tower complex being built alongside Dubai's largest mall. ( read original story ...)
UAE businesses face late payments
UAE companies, particularly SMEs, faced financial hurdles in 2016 after having to wait twice as long for payments. 2016 saw low recovery and low growth in the GCC due to the recent drop in the oil price, which impacted the liquidity in the market ... ( read original story ...)