The Indian rupee has firmed up to its highest point this year, which will mean NRIs in the UAE and other Gulf states will be getting less out of their monthly funds they send home. The rupee is currently at 22.89 for a dirham, easily clearing the earlier high this year of 23.14 Source: Gulf […]
Rupee: Should UAE’s Indian expats delay sending money home? Read More »
The Dubai gold price has declined again, now standing at Dh362.5 per gram for 22-karat gold – marking the lowest rate in over fifteen days. This significant decrease, however, arrived too late for many buyers in the UAE, who had already purchased gold the day before in celebration of Akshaya Trithiya, a traditional Indian festival
Dubai recently hosted the TOKEN2049 cryptocurrency conference, attracting approximately 15,000 participants, including representatives from major financial institutions like BlackRock, Goldman Sachs, and Binance. Despite a 12% decline in Bitcoin prices from their peak, the UAE continues to position itself as a global crypto hub. Notably, Abu Dhabi’s MGX invested $2 billion in Binance, and Emirates
Dubai Hosts Major Crypto Conference Amid Shifting Global Sentimen Read More »
The UAE is expected to maintain strong economic performance in 2025, driven by robust consumer spending, increased foreign direct investment, and successful diversification efforts. Analysts forecast GDP growth ranging from 4.1% to 6.2%, highlighting the nation’s adaptability amid global economic challenges. Source : Arab News
UAE’s Economic Resilience Projected to Continue in 2025 Read More »
The UAE plans to double its foreign direct investments to 240 billion dirhams ($65.35 billion) annually by 2031, up from 112 billion dirhams in 2023. This initiative is part of the newly approved National Investment Strategy, focusing on key sectors such as industry, logistics, financial services, renewable energy, and information technology. The strategy aims to
UAE Aims to Double Foreign Direct Investment by 2031 Read More »
The UAE has issued new guidelines clarifying when foreign and non-resident investors are considered to have a taxable presence in the country concerning real estate and investment funds. These rules aim to provide clarity and ensure compliance with the nation’s tax regulations, enhancing the UAE’s appeal as an investment destination. Source : Arab News
UAE Sets Tax Guidelines for Non-Resident Investors Read More »
In the first quarter of 2025, Gulf Cooperation Council (GCC) countries accounted for over 35% of all emerging-market U.S. dollar debt issued, excluding China. This marks a significant increase from approximately 25% in 2024. The surge is attributed to regional governments and corporations seeking to diversify funding sources amid fiscal pressures and global economic uncertainties.
GCC Nations Lead Emerging Market Dollar Debt Issuance Read More »