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Middle East Credit Reporting Association formed

1. Non-profit voluntary organisation to create awareness and promote credit reporting in region 2. Neutral body to facilitate credit information sharing on companies and individuals...

DFM Cancels Minimum Trading Commission

Dubai Financial Market (DFM) today announced that the minimum trading commission will be waived as of 1st of September 2021, as part of its...

Workshop on Tax Agreement Principles, International Tax Systems

Ministry of Finance organised a workshop on practical applications of principles of tax agreements and international tax systems in partnership with Organisation for Economic Co-operation and Development.

Mobile expats miss out on benefits package

International companies should take a holistic approach as survey reveals that mobile expats miss out on benefits package, according to Michael Thraves, Financial Planner...

UAE based Indians have critical gaps in their financial, retirement planning

75% expect their children to look after them during retirement Only 10% invest in any retirement plans NRIs focus on relatively illiquid investments like gold and...

UAE Central Bank seeks banks’ view on mortgage regulations

Sultan bin Nasser Al Suwaidi, Governor of Central Bank of the UAE, issued Notice No. 57/2013 on 22nd January regarding Proposed Regulations re Mortgage...

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...

Dubai Financial Market Officially Launches Dubai Clear, Dubai CSD

The Dubai Financial Market (DFM) (PJSC) today officially launched its new subsidiaries, Dubai Clear (L.L.C.) and Dubai CSD (L.L.C.). Dubai Clear is the region’s...

Varengold Adds 15 Currency Pairs

Varengold Bank FX, a brand of Varengold Wertpapierhandelsbank AG, now offers trading in the South African Rand, Hungarian Forint, Polish Zloty, Czech Koruna, Norwegian...

Morgan Stanley becomes approved applicant for Dubai Gold Securities

Dubai Gold Securities LLP today announced that it had accepted Morgan Stanley as an Approved Applicant in connection with the ongoing offering on NASDAQ...

Gold hedging strategies for emerging markets

The World Gold Council posted a new report on gold as investor’s tool. Investors in emerging markets can use gold to reduce exchange-rate...

DIFC revises cost of doing business to stimulate further expansion and...

The Dubai International Financial Centre ("DIFC"), the financial and business gateway between the Middle East, Africa and South Asia region ("MEASA") and the world,...

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...

DIFC Authority releases updated version of ‘Guide to Islamic Finance’

As debt-based conventional banking faces troubled times, asset-backed Islamic finance is becoming popular in world's financial capitals The Dubai International Financial Centre Authority today announced...

UAE Banking Sector Poised for Growth in 2022

The top 10 UAE banks reported a 5 percent year-on-year increase in total assets worth AED 2,989 billion in 2021, and an increase of...

The Gulf Islamic Fund of Gulf Investment Corporation ranked first...

The Gulf Islamic Fund, a Shariaa Compliant investment vehicle of Gulf Investment Corporation (GIC), ranked first among Shariaa compliant funds investing in...

NCR First in UAE to Introduce Bitcoin ATMs

NCR Corporation (NYSE: NCR), a global leader in omni-channel solutions, today announced that it has teamed-up with CoinHub, a cryptocurrency exchange in the UAE,...

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...