Russian firms based in the United Arab Emirates will come under closer scrutiny from local banks. The reason for this is pressure from the United States, reports Bloomberg. “The UAE attracted a flood …
Dubai Financial Market launches pilot for carbon credits trading
This move positions the financial market at the forefront of climate action as a regulated platform where project capital raising, carbon credit trading and safekeeping are explored in support of the …
UAE tightens scrutiny on Russian firms; ‘We spit on your sanctions,’ Russian propagandist tells EU
UK and European Union have ramped up pressure on Emirati officials to tackle illicit flows and close channels used by Moscow to skirt trade sanctions and finance the Kremlin’s war machine. This month, …
Top UAE Banks Set Positive Trends In Profitability
Driven by an upswing in non-interest income and reduced impairment charges, the UAE banking sector has been setting positive trends in profitability …
Watch: Shoppers spot viral judge Frank Caprio in Dubai Mall
Dubbed the ‘world’s nicest judge’ for his compassion and sympathy for all that visited his court, Judge Caprio couldn’t believe when he was recognised during his shopping trip to Dubai Mall. The video …
UAE’s 52nd Union Day: Sharjah announces official list of events, celebrations
The events in Sharjah is set to run from November 22 to December 3 The events will be hosted across various regions, including Sharjah National Park, Maliha Public Park, Al Hosn Island, Dibba Al Hisn, …
UAE operator introduces eco-friendly SIM cards in run-up to COP28
UAE operator e&, part of the Etisalat Group, has announced the introduction of what it describes as an eco-friendly Green SIM Card initiative for its UAE customers.
Lancs tax expert warns firms to beware of ‘overseas company tax dodge’
A Lancashire tax expert is warning businesses to beware of ‘advisors’ offering to help them save tax by setting up a company overseas. Andrew Robinson of DSW STS says suggestions that firms could …
Sharjah, Al Bataeh ends with classic 3-3 draw
Sharjah24: The Sharjah and Al Bataeh match ended with a 3-3 draw, during the eighth round of the ADNOC League, held on Thursday at Khalid bin Mohammed Stadium.
Big-name hedge funds like Millennium and ExodusPoint are building out in Dubai and other Middle East cities. Those on the ground explain why.
Recruiters say firms are loading up on talent in the region and one manager explains why its an attractive place to be.
Digital Assets: GC Exchange Secures Virtual Asset Service Provider License in Dubai
The new license enables GCEX to operate as a Virtual Asset Service Provider (VASP) in Dubai, offering services to brokers, hedge funds, family offices, and professional traders, with access to deep …
How NFT Regulations in the UAE Ensure a Nuanced Approach to Emerging Digital Assets
Fungible Tokens, or NFTs, have rapidly emerged as unique and distinctive entities. NFTs are cryptographic tokens that represent one-of-a-kind digital assets on blockchain technology. Unlike …
UAE private sector employees get Dec. 2nd, 3rd and 4th as paid public holidays for National Day
We extend our sincere congratulations to our wise leadership, citizens and residents of the UAE on this occasion.” …
Dubai cements super-hub strategy with $50bn jet orders
Dubai carriers threw down the gauntlet to emerging regional rivals with more than $50bn of Boeing jet orders on Monday, as competition intensifies to secure dwindling supplies of long-haul jets …
UAE operator introduces eco-friendly SIM cards in run-up to climate change conference
UAE operator e&, part of the Etisalat Group, has announced the introduction of what it describes as an eco-friendly Green SIM Card initiative for its UAE customers.
UAE tax-free shopping: How tourists saved $490m on VAT bills
The UAE has seen tourists claim almost $500m in tax savings since the launch of ground-breaking VAT scheme.
UAE’s FTA achieves over 3.44 mln tourist tax refund transactions in first 9 months of 2023
Al Bustani expressed his satisfaction with the remarkable success of the electronic system for tourist value-added tax (VAT) refunds …