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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...

DFSA Issues General Investor Statement on Cryptocurrencies

The Dubai Financial Services Authority (DFSA) wishes to draw investors’ attention to certain new and evolving online offerings. These product offerings tend to involve...

UAE looks forward to direct debiting

According to sources from within the banking industry, a new federal direct debiting system has been introduced by the UAE Central Bank. Last week,...

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...

VAT Registration Easy Through e-Services Portal, FTA Claims

The Federal Tax Authority (FTA) reaffirmed that registering for Value Added Tax (VAT) can be done in three easy steps through the e-Services portal...

What Makes The Perfect Mortgage Borrower?

A new infographic summarises the key factors you need to consider before approaching the lenders if you plan to buy a home. Although, criterias...

UAE Credit Cards immune to Low Interest Rates

Interest rates are the lowest they have been in decades. But there is a little indication the customers of U.A.E. banks are benefiting. This...

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...

Al Etihad Credit Bureau begins to issue credit reports to individuals...

Al Etihad Credit Bureau (AECB), the federal government company mandated to implement and operate a credit reporting system across the UAE, has begun to...

Middle East investment banking fees up 22%

Thomson Reuters released its investment banking analysis for the Middle East region for the first nine months of 2013.

VAT in GCC: Are Your Accounting Systems Ready?

Compliance with the UAE VAT Law may require significant changes to a business’ technology, operations, financial management and bookkeeping practices. The law, which comes into...

ADX approves new regulations for trading, clearance and depositing

The board of directors of Abu Dhabi Securities Exchange (ADX) has approved the enforcement of new regulations for its operations including trading, clearance, registering...

UAE based western expatriates save less compared to Singapore, Hong Kong

Almost all (97%) UAE based western expats spend some of their disposable income on luxurious lifestyle choices, compared to 51% in Singapore and 47%...

Innovation very important to 82 percent of executives in financial firms

Fifty-seven percent of global financial services executives believe regulation has enabled growth of their business, according to the results of Deloitte’s Staying Ahead of...

UAE Central Bank caps mortgage lending

Mortgage lending regulation allows the country’s banks to provide a loan of up to 80 percent of the property value to UAE nationals and 75 percent to expatriates.

Digital Payments Giant Debuts on Fortune Future 50 List

Debuting on the first-ever Provider Debuts on ? Now that’s priceless. Coming in at No. 14 Mastercard has been recognized as a leader on...

‘No Coffee for Bitcoin’ Starbucks Clarifies

Starbucks has clarified that it will not be accepting Bitcoin (BTC) or other cryptocurrencies as payment, despite misleading reports from mainstream media. Earlier last Friday,...

ADX, Nasdaq Dubai Sign Index License Agreement

Abu Dhabi Securities Exchange, ADX, and Nasdaq Dubai have signed an agreement to develop and launch an Index Futures contract based on the Abu...