Ministry of Economy in the United Arab Emirates (UAE) is bringing new legislation that will be including 10 new sectors to the commercial company law. According to a senior official, they will be able to own 100% foreign ownership of onshore companies within the country. The latest information confirms that the formation of it is…
The e-commerce is booming across the globe and especially in the Gulf countries, which has led Dubai to take another initiative; Dubai has finally completed the first phase of a new free zone that is dedicated to e-commerce. The facility includes 470,000 square feet of real estate and is said to be one of the…
The Central Bank of the United Arab Emirates (UAE) has finalized its plan to launch an intraday Liquidity Facility, which will enable all licensed financial institutions to mitigate intraday liquidity risks. In recent times, the central bank introduced its new Dirham Monetary Framework under which the intraday Liquidity Facility has been launched. The new initiative…
The United Arab Emirates (UAE) and its drive to remain ahead of the technology curve have seen another development with the launch of world-renowned online payment service, Stripe, launching its first Middle East office in Dubai. This launch comes weeks after Stripe’s latest funding round, which has now pushed company’s total value to over $95…
Following the mass rollout of COVID-19 vaccinations, the businesses are slowly and steadily resuming their operations as they used to be. The pandemic saw a mass downsizing across the globe due to sustainability issues by various companies but now, the companies are starting to hire people back. The “Great Place to Work”, a global consultancy…
The United Arab Emirates (UAE) has jumped four places, according to the latest Kearney’s 2021 Foreign Direct Investment (FDI) Confidence Index rankings. UAE was ranked first in the Middle East while it jumped four places to 15th position in global rankings as the country’s economic and business sectors continue to strengthen following the decline witnessed due…