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Dubai ranked 2nd most crypto-ready city in the world

Dubai ranked 2nd most crypto-ready city in the world
Many major cryptocurrency firms have already made Dubai as their home while others - including crypto.com, Bybit, Binance, and Deribit - are planning to move to the city

First-of-its-kind golden pension scheme for expats

First-of-its-kind golden pension scheme for expats
UAE: Over 9,000 taxi drivers to benefit from first-of-its-kind golden pension scheme for expats.

Mandatory health insurance for Northern emirates

Mandatory health insurance for Northern emirates
Mandatory health insurance for Northern emirates to be rolled out from Q1 next year.

Sheikh Mohammed approves Dubai budget for 2023-25

Sheikh Mohammed approves Dubai budget for 2023-25
Sheikh Mohammed approves Dubai budget for 2023 to 2025, allocating $55.8bn of expenditure.

UAE Central Bank issues new Dh1000 banknote

UAE Central Bank issues new Dh1000 banknote
The UAE Central Bank on Friday unveiled a new Dh1,000 banknote.The new banknote will be available in Central Bank branches and ATMs in the first half of 2023

India-focused fund Alicorn set to be launched

India-focused fund Alicorn set to be launched
Dubai: Alicorn offers a phenomenal opportunity for Indian and UAE entrepreneurs and investors to work together.

Dubai insurers to launch Golden Visa-health insurance

Dubai insurers to launch Golden Visa-health insurance
Dubai insurers to introduce special Golden Visa-linked health insurance: sources.

RTA's Salik to sell 1.5 billon shares in IPO

RTA's Salik to sell 1.5 billon shares in IPO
RTA's Salik to sell 1.5 billon shares in IPO. The road-toll operator is looking to raise around $1 billion for the shares.

UAE bank - win Dh1 mn prize with foreign transactions

UAE bank - win Dh1 mn prize with foreign transactions
UAE bank offers chance to win Dh1 million prize with every foreign transaction.

GCC banks get a major boost from high oil prices

GCC banks get a major boost from high oil prices
GCC banks' profits, assets reach record levels due to high oil prices. Crude prices remain above $100 per barrel.

Premiums of listed insurance companies value increased

Premiums of listed insurance companies value increased
Premiums of listed insurance companies in H1 2022 valued at Dh15.6 billion

DhabiCoin obtains DMCC license

DhabiCoin obtains DMCC license
DhabiCoin Wallet will be launched in coming weeks, says the co-founder.

UAE tightens real estate investment rules

UAE tightens real estate investment rules
UAE real estate: Emirates issues new reporting requirements for transactions as part of its efforts to strengthen regulatory framework.

UAE leads Forbes’ list of top GCC exchange houses

UAE leads Forbes’ list of top GCC exchange houses
LuLu Exchange and Al Ansari - two of UAE’s leading exchange houses finds their way in the Forbes latest list of ‘Top 5 GCC Exchange Houses Going Digital’.

UAE Central Bank imposes financial sanctions on 6 banks

UAE Central Bank imposes financial sanctions on 6 banks
UAE Central Bank imposes financial sanctions on 6 banks for failing to achieve appropriate levels of compliance.

UAE to form committee for digital transformation

UAE to form committee for digital transformation
UAE Cabinet approves formation of committee for digital transformation.

Incentives for property investment funds

Incentives for property investment funds
Dubai: new decree announces incentives for property investment funds. This covers all real estate in Emirate, including properties in private development zones and free zones.

New health insurance scheme for faster claim approvals

New health insurance scheme for faster claim approvals
Dubai announces new health insurance scheme for faster claim approvals, reduced costs.

DIFC launches region's first Open Finance Lab

DIFC launches region's first Open Finance Lab
DIFC: Open Finance Lab will educate and engage banks, regulators, and the industry to showcase and shape the positive impact of Open Finance on the economy.

Financial support increased for low income citizens

Financial support increased for low income citizens
Dubai: Financial support for limited-income citizens in Dubai has been increased.

UAE, GCC to post budget surplus in 2022-23

UAE, GCC to post budget surplus in 2022-23
UAE and its neighbouring Gulf countries to post budget surplus in 2022-23 on high oil, recovery in services sector.

Moody's affirms Emaar Properties Baa3 ratings

Moody's affirms Emaar Properties Baa3 ratings
Moody's changes Emaar Properties' outlook to stable from negative. Emaar had a total revenue backlog of Dh46 billion to be recognised over the next 3-4 years.

Al Jalila charity to accept donations in cryptocurrency

Al Jalila charity to accept donations in cryptocurrency
Al Jalila Foundation first charity in UAE to accept donations in cryptocurrency.

Sarwa launches crypto trading on Sarwa app

Sarwa launches crypto trading on Sarwa app
Sarwa has launched cryptocurrency trading through its app. Study shows 33% of U.A.E. residents claim to have invested in cryptocurrencies.

Inflation in UAE, GCC countries set to spike this year

Inflation in UAE, GCC countries set to spike this year
Inflation in UAE, GCC countries set to spike this year. Food commodity prices increase causes external positions to deteriorate further.
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