FastBull Finance Summit has announced its inaugural event in Dubai, scheduled for April 16-17, 2025. The summit will take place at the renowned Coca-Cola Arena and aims to bring together industry leaders, investors, and financial experts for two days filled with important discussions, innovative trends, and valuable networking opportunities. The event will run from 10:00...
The Virtual Assets Regulatory Authority (VARA) of Dubai has issued a warning to consumers and investors about the potential risks linked to advertisements promoting subscriptions to memecoins. Memecoins are categorized as highly speculative and volatile assets, often susceptible to market manipulation. According to VARA, many memecoins lack intrinsic value and their pricing is primarily influenced...
The UAE has implemented a federal corporate tax with a standard rate of 9 percent, effective from the financial year commencing on or after June 1, 2023. This shift aims to enhance regulatory clarity, but recent alterations to reporting timelines have left many businesses scrambling to adapt. Recently, some companies in the UAE received notifications...
Capital Haus, a prominent global financial concierge service, has announced its acquisition of Grow Your Wealth, a firm specializing in investment advisory, retirement savings, and taxation services. This strategic move enhances Capital Haus’s position in the private wealth sector, adding an additional $150 million in funds under management (FUM) and reinforcing its commitment to delivering...
The payment landscape in the UAE is rapidly evolving, as the instant payment system Aani gains popularity among residents. This innovative platform eliminates the need for cash or lengthy bank transfers, enabling users to send and receive money with ease. Aani facilitates transactions in seconds, whether it’s for splitting a bill with friends, sending money...
Gold prices surged in Dubai, reaching a new all-time high as they jumped nearly Dh3 per gram at the market’s opening on Wednesday. At 9 am UAE time, the price of 24K gold rose by Dh1.50, reaching Dh344 per gram. Meanwhile, 22K gold also saw an increase, opening at Dh320.25 per gram after rising Dh2.75...
The Dubai Financial Services Authority (DFSA) has announced its Business Plan for 2025-2026, aiming to solidify the Dubai International Financial Centre’s (DIFC) position as a leading global financial hub. The plan aligns with Dubai’s Economic Agenda D33, Digital Dubai, and the DIFC 2030 Strategy, focusing on regulatory excellence, innovation, and sustainable growth. The DFSA highlighted...
The UAE’s Ministry of Energy and Infrastructure (MoEI) has partnered with Shiba Inu to push forward digital transformation efforts using Web3 technology. This collaboration aims to improve public services, develop greener infrastructure, and introduce citizen-friendly governance models. Shiba Inu’s advanced Web3 tools, including its Operational System (ShibOS), will be integrated into MoEI operations to enhance...
Dubai residents, citizens, and visitors now have the option to pay government fees and fines in easy installments. This new feature comes with the integration of Tabby, a buy-now-pay-later service, into the DubaiPay platform, announced by Digital Dubai and the Department of Finance. The move aligns with Dubai’s Cashless Strategy, aiming to boost digital transformation...
The UAE is set to implement new insurance regulations that will bring significant changes to how payments, claims, and commissions are handled in the sector. Starting February 15, policyholders will benefit from direct payments to insurers, ensuring faster claims processing and reducing risks of delays or mismanagement. These changes aim to prioritize efficiency and transparency...