The Dubai Islamic Bank (DIB), as the name suggests, was first established in Dubai by Haj Saeed Bin Ahmed Al Lootah. The basic purpose of this bank creation was to incorporate the principles of Islam and its practices in the banking sector; in the long run, DIB managed to do this successfully and is now…
DetailsThe Ajman Free Zone (AFZ) is a prominent name in the United Arab Emirates (UAE) region. AFZ remains one of the largest free zones with massive foreign investment opportunities available to everyone. The free zone has decided to showcase its attractive tourism features and investment opportunities at the upcoming Arabian Travel Market (ATM), which will…
DetailsFollowing a huge economical setback due to the COVID-19 pandemic, Dubai’s private sector has seen the strongest demand growth in the past 18 months. According to experts, this growth is primarily down to the efforts of the UAE government which has ensured the mass rollout of the vaccinations along with other policies introduced to overcome…
DetailsThe United Arab Emirates (UAE) cabinet has decided to reduce the tax penalties in the region. This decision will encourage companies and individuals to file their taxes and also make voluntary disclosures if a mistake has been made while doing so, according to experts. Mayank Sawhney, managing director at MaxGrowth Consult-ing, said: The reduction in…
DetailsFollowing a difficult year due to the COVID-19 pandemic, Dubai is set to host the highly anticipated Expo 2020 in October 2021 which will run until March 2022. The event is set to attract over 25 million visitors. Expo 2020 is considered to be a universal exhibition that will attract a number of businesses and…
DetailsThe COVID-19 pandemic disrupted every business across the globe and United Arab Emirates (UAE) was no different. However, with the mass vaccinations being rolled out, things are on track to recovery. According to the UAE Minister of Economy, Abdulla Bin Touq Al Marri, the region’s economy fared better than what the initial reports were for…
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