News and information on Doing Business in Dubai
It has been almost two years since the introduction of Value Added Tax (VAT) services in the UAE. It is one of the most complex tax systems that a number of smaller companies find difficult to cope with, thus attracting fines. Tax experts say some of the most common mistakes made by the small and […]
Mubadala Capital announced $250 million (Dh918.29m) tech funds on Monday to invest for the region’s start-up scene and to enhance the UAE’s capital’s status as a tech and innovation hub. The Mubadala Mena tech funds grant a $150 million “fund of funds” programme that will invest in venture funds supporting Hub71 ecosystem in Abu Dhabi. […]
Dubai rolled out a new license that will enable investors worldwide to create commercial operations in the emirate without having to set up a base. The virtual commercial license is the first set of services offered under the Virtual Commerical City (VCC) program. These commercial licences will give businesses access to use a regulated e-commerce […]
Emirates NBD announced the launch of E20, the UAE’s first digital business bank customers that will enable customers to open a bank account, carry out transfers and payments on smartphones. E20 targets entrepreneurs and small and meduim-sized Enterprises, SMEs, and businesses. The bank will allow start-ups, sole proprietors, freelancers, gig economy workers, fintechs and insurtechs […]
Got a new startup idea? The UAE is becoming the leading tech startup in the whole MENA region! It has given a significant contribution to creating a vibrant tech ecosystem. In recent years, two companies obtained $1B in funding which is in part evidence that the country’s tech startup funding activity is rising. Investors continue […]
The ADGM recently announced its detailed guidance on Digital Investment Managers, or Robo Advisory solutions. An important update is that in some cases, the FSRA will consider reduced base capital requirement of US$ 10,000 for Robo-Advisor firms that engage in Managing Assets. Watch this video to know more: Source Read this detailed article to for […]
Twitter has launched a philanthropic initiative in the UAE on Monday led by its chief executive, Jack Dorsey during his first visit to the country. The initiative, #YouthForGood was created with the support of the UAE’s Youth Hub and the Minister of State for Youth Affairs, Shamma Al Mazrui, aims to support humanitarian and social […]
Organizations are starting to invest in hybrid cloud environments as revenue from cloud business in the UAE is expected to increase by AED 20 billion by the year 2022, industry experts announced on Monday. The country’s public cloud spend is seen to multiply to more than AED 1.2 billion by 2022; creating 55,000 job opportunities. […]
The global real estate advisor through the Resilient Cities Index tested cities’ ability to stand firm or adapt the technological, demographic, and leadership disruption facing global real estate today and in 10 years’ time. More importantly, the study rated that Abu Dhabi and Dubai will remain the most resilient cities event 10 years later until […]
ABU DHABI, 1st May, 2019 (WAM) — The Ministry of Finance, MoF, today signed a Memorandum of Understanding, MoU, with Abu Dhabi Global Market, ADGM, and the International Bank for Reconstruction and Development, IBRD, to provide financial technology services, FinTech, to maintain an efficient growth in the financial sector. The MoU aims to establish an […]