Search Results for: UAE
The dawn of financial technology in Islamic finance
December 23rd, 2016
Over the past decade, financial technology — widely referred to as FinTech — has grown primarily due to growing Internet access worldwide and the emergence of smartphones and apps. According to the Ericsson Mobility Report published last year, 70 ...
Italy seeks to borrow 20 bln euros to prop up banking sector
December 20th, 2016
The Italian government decided on Monday to seek parliamentary approval to borrow 20 billion euros to underwrite the stability of its wobbly banking sector, starting with a likely bail-out of No. 3 lender, Monte dei Paschi di Siena, as ...
Oil prices stable, supported as output cuts hit market
December 13th, 2016
Oil prices were stable on Tuesday, buoyed by soaring demand in Asia and as signs of a crude production cut organized by OPEC and other exporters materialized, tightening a market that has been grappling with years of oversupply. International ...
Bitcoin scammer busted by Dubai Police
November 11th, 2016
A scam artist conned three young men out of hundreds of thousands of dirhams worth of Bitcoins then spent the cash of living a life of luxury, Dubai Police have said. The Asian man, whose nationality was not stated ...
Tax Experts Wanted in U.A.E.
October 20th, 2016
U.A.E. Ministry of Finance advertising about 30 tax jobs Gulf Arab monarchies to impose value added tax by 2018 The United Arab Emirates is setting up a federal tax authority that will be in charge of collecting levies, as ...
Global real estate company says No growth in Central London house prices until 2019
September 22nd, 2016
House prices in London’s prime locations will fall by 9 percent this year and not grow again until 2019 as buyers, already hit by increased property taxes, wait to see the outcome of Brexit divorce talks, estate agents Savills ...
Dubai and Abu Dhabi named Middle East’s most sustainable cities
September 15th, 2016
Dubai has been named as the region’s most sustainable city, but it still falls in the bottom half of a new global ranking of 100 major cities. Construction consultancy Arcadis has placed Dubai 52nd in its 2016 Sustainable Cities ...
Abu Dhabi Tax-Free Zone Offers Bespoke Rules For FinTech Startups
September 12th, 2016
Abu Dhabi Global Market, a tax-free zone in the United Arab Emirates, has released details on its new Regulatory Lab initiative, which is intended to support companies to develop and test new financial technology solutions. The ADGM has released ...
Middle East investment in global real estate reaches $10b
September 8th, 2016
Middle East outbound capital flows into global commercial real estate touched $10 billion in the first half of 2016, with international market destinations becoming more diverse, according to CBRE’s Middle East ‘In and Out’ 2016 report. Investors from the ...
Who are the biggest investors in Dubai’s real estate market?
September 5th, 2016
It’s no secret who the top foreign investors in Dubai’s real estate market are. Time and again, Indians have emerged atop the podium as the biggest non-GCC foreign buyers of real estate in the emirate. And it’s no surprise ...
