A significant leadership change is on the horizon for UN Tourism, as Shaikha Al Nowais, a prominent UAE businesswoman, has been nominated to lead the agency. This landmark appointment, pending approval from the United Nations General Assembly, marks a pivotal moment for global tourism governance and highlights the growing influence of the UAE in international affairs. UAE Business Leader Poised for UN...
The UAE's e-commerce landscape is undergoing a significant transformation, driven by robust economic growth, high consumer spending, and a rapid shift towards online shopping. This revolution is further shaped by evolving licensing requirements and the increasing dominance of social media in consumer purchasing decisions, presenting both opportunities and challenges for businesses. The UAE's Booming...
In a significant move for the UAE's infrastructure sector, CVC's infrastructure strategy arm, CVC DIF, and the UAE's National Central Cooling Company PJSC (Tabreed) have announced a strategic partnership. This collaboration aims to acquire PAL Cooling Holding, a district cooling business owned by Abu Dhabi-based Multiply Group, for an equity value of approximately 3.8 billion dirhams ($1.03 billion). A...
The United Arab Emirates (UAE) is rapidly becoming a premier destination for high-net-worth individuals (HNWIs) and their businesses. Driven by favorable tax policies, robust infrastructure, and a stable economic environment, the UAE has seen a significant influx of billionaires, particularly from the UK, boosting its global competitiveness and solidifying its position as a leading financial hub. UAE...
The UAE is ushering in a new era of financial transparency and efficiency with the upcoming mandatory e-invoicing system, set to roll out from mid-2026. This digital transformation, alongside the established corporate tax regulations, is compelling businesses to proactively adapt their financial systems and processes to ensure compliance and optimize operations. UAE's Digital Leap: Mandatory E-Invoicing by...
A major UAE fund has injected $100 million into World Liberty Financial, a cryptocurrency venture linked to the Trump family, amidst President Trump's Middle East tour. This investment, alongside significant AI and technology deals, underscores deepening economic ties between the US and the UAE, though it also raises questions about potential conflicts of interest. UAE Deepens Investment in US Technology...
Norwegian-born shipping magnate John Fredriksen, one of the UK's wealthiest individuals, has relocated significant business operations from London to the UAE. This move, driven primarily by the UK's abolition of its long-standing "non-dom" tax regime, underscores a broader trend of high-net-worth individuals seeking more favorable economic environments. Billionaire Exodus: Why Fredriksen Chose...
The UAE Ministry of Human Resources and Emiratisation (MoHRE) has levied over Dh34 million in fines against more than 1,300 companies. These penalties stem from violations related to inactive business operations and the registration of workers without genuine employment relationships, underscoring the UAE's commitment to maintaining a transparent and compliant labor market. UAE Cracks Down on Inactive...
Global private equity firm CVC Capital Partners, through its infrastructure strategy arm CVC DIF, has partnered with the UAE's National Central Cooling Company PJSC (Tabreed) to acquire PAL Cooling Holding. This strategic acquisition, valued at approximately 3.8 billion dirhams ($1.03 billion), signifies a growing interest in the Gulf region's district cooling sector, driven by economic diversification...
A United Arab Emirates (UAE) fund has made a significant $100 million investment in crypto tokens and business ventures linked to former President Donald Trump. This move highlights the deepening financial ties between the Trump family's business interests and Middle Eastern entities, particularly during Trump's recent diplomatic visit to the region. UAE Fund Injects $100 Million into Trump-Linked Crypto...
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