Financial Services

Digital Finance Can Turbocharge Growth In Emerging Economies

Two billion individuals and 200 million micro, small, and mid-sized businesses in emerging economies today lack access to savings and credit. Even those with...

Start Path Global Startups Forecast a Fintech Future

Mastercard Start Path Global Startups Forecast a Fintech Future Applications currently being accepted for Start Path Global 2017 summer class Today, Mastercard announced opening...

Another step closer to VAT implementation in GCC

The Ministry of Finance in the United Arab Emirates (UAE) has recently launched a series of Value Added Tax (VAT) and excise awareness sessions...

Dubai Financial Market launches ETF trading platform

Platform Falls Under New Regulatory Framework And Adheres To Global Best Practices The exchange hosts bell ringing ceremony to celebrate the launch of...

Mobile Money Make International Remittances Cheaper

The GSMA today issued a report entitled, ‘Driving a Price Revolution: Mobile Money in International Remittances’ that looks at the impact of mobile money...

DGCX wins Exchange of the Year Award 2016

The Exchange continued its growth trend with an average open interest reaching a high of over 460,155 lots valuing an average of US$ 7.61...

VAT in GCC – It’s coming, so how do we get...

To help businesses in the Gulf Cooperation Council (GCC) countries understand the potential impacts of the implementation of VAT, Deloitte in the Middle East...

Moving Money to Dubai

International money transfers are a significant topic for discussion for the 7.8m expatriates living in the UAE. It’s more of an issue in Dubai...

Late payments on the rise in UAE

During the past few months, more UAE companies are reporting late payments as liquidity tightens due to the prolonged effect of low oil prices...

Dubai’s financial system electronically linked to Federal Government

On the sidelines of the first Government Financial Coordination Council meeting for 2016 In a bid to meet the requirement of the International Monetary Fund...

Non-tax revenues can generate at least 10% of GDP in UAE

Given the volatility and unpredictability of oil prices, the primary economic strategy for all GCC countries is to diversify government income and reduce dependency...

Tax reform in the GCC approaching

Tax reform in the Gulf Cooperation Council (GCC) region is a matter of when, not if, and Saudi Arabia is not immune. The Kingdom,...

73 percent of UAE residents admit they have debt with UAE...

73 percent of UAE residents surveyed by compareit4me group admitted to having some kind of debt with UAE banks, with credit cards topping the...

Funding Dubai SMEs: Challenges and Opportunities

Small and medium-sized enterprises (SMEs) play an important role in the UAE’s economy and contribute substantially to income, output and employment. Acknowledging the importance of...

Will looming VAT, corporate tax hurt UAE expats?

For millions of expats working in the country, the fear of having to pay levies is very real, observes Saad Maniar… Over the years, one...

No Imminent VAT Introduction in UAE

An official statement carried by the Emirates News Agency provided an update on value-added tax discussions in the UAE. The statement confirmed that the...