Metaverse could contribute $15bln to GCC economy annually
The metaverse could contribute $15 billion to the GCC economy annually by 2030, with more than half of that amount…
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Commercial Bank concludes 2022 with the “Bank of the Year” award in Qatar from The Banker Magazine
Commercial Bank has been recognized as the “Bank of the Year" in Qatar for 2022 by The Banker Magazine owned…
DIFC-based fintech firms net $559m in funding during Jan-Sep 2022
Fintech firms based in the Dubai International Financial Centre have secured more than Dhs2bn ($559m) in funding between January and…
UAE’s non-oil private sector growth slows amid concerns of global slowdown
The UAE’s non-oil private sector added new businesses at the slowest pace last month since September 2021 amid signs that…
Dubai keen to improve cooperation with global partners, support global economic growth
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, today toured the 43rd…
Central Bank of Kuwait raises discount rate
Kuwait's discount rate increased by 0.50% from 3% to 3.50% as of December 7, according to a statement issued by…
At Dh690m for three Marina plots, Dubai sets new record for residential land sale
Into the final stretch of 2022, Dubai’s residential property market is still clocking in record deals, with a 100,000 square…
MultiBank Group relocates its headquarters to Dubai
MultiBank Group, one of the largest financial derivatives companies in the world, has moved its headquarters to Dubai from Hong…
UAE: Employees look at new jobs with higher salaries in 2023
If UAE businesses want to retain their top talent, they will have to bump up salaries according to the latest…
UAE: MoHRE launches automated system for employment contracts
The Ministry of Human Resources and Emiratisation (MoHRE) has launched an automated system to complete employment contracts without human intervention.…
UAE announces VAT changes in gold, diamond sector
The Ministry of Finance has announced the amendment of the VAT treatment on workmanship services when supplying gold and diamonds…
UAE: Gold prices drop in Dubai in early trade
Gold prices fell in the UAE at the opening of the markets on Wednesday morning. In the UAE, the…