July 24, 2024

UAE and Mauritius Sign Comprehensive Economic Partnership Agreement

The UAE and Mauritius have signed a Comprehensive Economic Partnership Agreement (CEPA), marking a significant milestone in bilateral relations between the two nations. The agreement aims to enhance trade and investment opportunities, creating a robust framework for economic cooperation. The CEPA was signed during a high-profile ceremony attended by senior officials and business leaders from […]

February 12, 2024

Exchange Houses in the UAE Raise Remittance Fees by 15%.

Expatriates in the UAE will see a 15% increase in remittance fees, as announced on Monday. The Foreign Exchange and Remittance Group (FERG), representing exchange houses in the UAE, disclosed that authorities have approved a 15% fee hike, equivalent to Dh2.5. This adjustment applies to remittance services conducted through physical branches of exchange houses. However, […]

January 16, 2024

India and the UAE have resolved to conduct trade in rupees for various commodities, including gold, official statement.

Trade between India and the UAE involving commodities such as gold is now settled in rupees, according to an anonymous official familiar with the matter. The Reserve Bank of India’s decision in July 2022 to allow the settlement of India’s international trade in rupees has facilitated this arrangement. In December 2022, gold imports saw a […]

January 16, 2024

Navigating the Year Ahead: Freelancers, Small Businesses, and Corporate Tax Legislation.

With the commencement of a new year, we are greeted by resolutions and fresh starts. For freelancers and small businesses in the United Arab Emirates, the introduction of the new UAE Corporate Tax Law (Federal-Decree Law No.47 of 2022) signifies a notable shift in the tax landscape. This legislation takes effect for financial years beginning […]

January 13, 2024

MPC might not be eager to decrease interest rates, suggests ICRA Analytics.

With domestic inflationary pressures on the rise and the Indian economy positioned relatively favorably compared to advanced economies, the Monetary Policy Committee (MPC) may take a measured approach before considering a reduction in interest rates, suggests ICRA Analytics. In December 2023, retail inflation reached a four-month high at 5.69 percent, up from 5.55 percent in […]

January 12, 2024

UAE Fintech Sector Secures 6th Position, Defies Global Funding Downturn.

The UAE’s fintech se犀利士5mg ctor defied the global decline in investment, securing the sixth position globally and witnessing a substantial 92% surge in 2023. This remarkable growth is attributed to fintech-friendly regulations and the increasing adoption of digital banking and related tools in the region. Despite the global downturn, fintech funding in the UAE nearly […]

December 21, 2023

Wall Street Takes a Breather: Market Slumps on Profit-Taking and Gloomy Sentiment

After a relentless climb, Wall Street finally caught its breath on December 20th, experiencing a broad-based retreat that left investors with a sour taste in their mouths. All major indexes closed in the red, marking a stark contrast to the euphoric mood that fueled recent record highs. This sudden downturn raises questions about the market’s […]

December 16, 2023

Mastering the Art of Finance: Steering the World of Money

Introduction: In the intricate web of our lives, money functions as both a facilitator and a challenge. Its management is an art that requires skill, knowledge, and a strategic approach. This article aims to guide individuals through the complexities of money, offering insights into financial mastery and providing practical advice on navigating the ever-evolving world […]

November 27, 2023

Demystifying Stock Splits: Understanding the Corporate Action and Its Implications

In the finance world, stock splits are often discussed as significant events that can impact a company’s stock price and overall market perception. But what exactly are stock splits, and why do companies choose to implement them? Understanding the Mechanism of a Stock Split A stock split is a corporate action in which a company […]

November 27, 2023

Captaining the Corporate Ship: A Guide to the Board of Directors’ Role in Steering Success

In the vast and ever-changing ocean of business, the board of directors serves as the captain, guiding the company vessel towards a prosperous future. These individuals, entrusted with the responsibility of representing the interests of shareholders, play a crucial role in shaping the company’s trajectory and ensuring its long-term sustainability. Charting the Course: Strategic Direction […]

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