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Dubai Economy, CBD To Provide Banking Services for DED Trader Licence...

Enables startups in Dubai to leverage online and social media for business growth Further promotes and facilitates ease of doing business in Dubai ...

Oil Prices Recovery Expected to Impact Positively Domestic Markets

Global equities recorded one of their best weekly gains in two months, largely driven by stimulus measures and a surprise gain in US payrolls...

Dubai Investments Announces 10% Cash Dividend

Dubai Investments, the leading Middle East investment and a public joint stock company listed on the Dubai Financial Market (DFM), has announced distribution of...

Can GCC VAT Hikes Offset Covid-19’s Fiscal Impact?

Emergency tax measures introduced in the region include the extension by several months of due dates for filing tax returns, the reduction or elimination...

Easing of Restrictions in Domestic Markets, Recovery in Oil Prices to...

Global equities continued the positive trajectory for the second consecutive week on the back of optimism over gradual reopening of several economies across the...

Investors Should Be Cautious Due to Rising Global Markets Uncertainty

Global equities performed negatively during the week on the back of weak economic data, worries of a second pandemic wave and the timid recovery...

Banks’ Expertise Critical to Speed Up Economic Recovery Post COVID-19

Credit misallocation causing lasting risks to economies, and needs course-correction Bankruptcy frameworks need to prepare for potential impact of credit losses on banking...

UAE Currently Does Not Intend to Increase VAT

The Ministry of Finance (MoF) has denied any plans currently to raise the Value Added Tax (VAT) in the United Arab Emirates. VAT is...

Saudi Arabia Triples VAT to Counter Economic Impact of Coronavirus

Saudi Arabia will increase its value-added tax, VAT, from 5 to 15 percent in July, the Finance Ministry said on Monday, as part of...

How Will Asset Management Be Affected by Covid-19 Crisis?

The Covid-19 pandemic is like nothing any of us has ever experienced. The crisis will undoubtedly have far-reaching implications for people, businesses and society...

Recovery in Oil Prices Positive Catalyst for Regional Markets

Global equities performed positively during the week as investors are encouraged by synchronized policy responses by leading Central Banks, and gradual reopening of the...

If You Can’t Make Mortgage Payments, Here Is a Few Steps...

When you initially signed your mortgage contract in Dubai, you have been advised by your banker to run the numbers and make sure you...

Covid-19 Impact on Emerging Market Debt

Covid-19 has rapidly become an economic shock for the global economy. Initially rocking China, global economic expectations changed dramatically in early March, and have...

MEA Retail Banks Strongest Believers in Cashless Society

Middle East and Africa (MEA) retail banks believe delaying digitalization poses genuine threats to their business models 6 in 10 banking executives in the Middle...

V-shaped Economic Revival, Fuelled by FOMO

The Fear Of Missing Out (FOMO) is likely to drive financial markets significantly higher in the coming weeks. The prediction from Nigel Green of deVere...

Reopening of Global Economies, COVID-19 Developments to Influence Trading Activity

Global equity markets rebounded during the week, with the exception of the US markets. Sentiments were boosted by positive developments in the COVID-19 pandemic...

Bitcoin’s Coming of Age? May’s Historic Halving Taking Place in a...

The Bitcoin price will hit ‘at least $10,000’ even before the four-yearly ‘halving’ event taking place in two weeks, predicts the CEO of one...

Over-action or Inaction – Both Could Hit Your Wealth

Stress in the financial markets is prompting a growing number of people to make extreme investment decisions that could ultimately hit their wealth, warns...