The Dubai Multi Commodities Center (DMCC), which is one of the world’s leading Free Zones, has broken its 7-year old for registering the most number of firms in its Free Zone in a single month. DMCC welcomed 216 new companies on board in April, which also helped the free zones achieve the best results Q1,…
The 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…
In order to work out how much money does it require to set up a company in the United Arab Emirates (UAE), it is important to first work out the type of company you want to establish, which sector will your company operate in, the location of the business, and finally the need of the…
The United Arab Emirates (UAE) has firmly established itself as a business hub, which has raised millions of dollars in investment. The concept of free zones started of very early on and has amassed a lot of traction from foreign investors as well. In 2020, the Ajman Free Zone alone managed to register a whopping…
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…