The Dubai Multi Commodities Centre (DMCC) has announced that Bitcoin.com, a prominent leader in the cryptocurrency sector, is setting up its regional headquarters in Dubai. This move marks a significant step for both DMCC and Bitcoin.com, solidifying Dubai’s position as a global hub for digital currencies. DMCC is recognized as a leading international business district...
DMCC, recognized as the leading international business district that facilitates global trade through Dubai, has officially commenced construction on the W Residences Dubai – JLT. This endeavor is in collaboration with Signature Developers and Marriott International. The groundbreaking ceremony marks a significant milestone in the development of luxury residences within the emirate. Credit: WAM The...
The Dubai Multi Commodities Centre (DMCC) has reported a significant growth of 13 percent in the number of companies from Singapore that have joined its international business district in the past twelve months. This increase highlights the attractiveness of the DMCC to businesses looking to expand their operations in the UAE. Credit: WAM DMCC officials...
The Dubai Multi Commodities Centre (DMCC) has reported a 13% increase in the number of companies from Singapore. This announcement follows DMCC’s first-ever roadshow in Singapore, which was aimed at promoting Dubai as a top business destination. Credit: Government of Dubai Media Office During the roadshow, DMCC signed a partnership agreement with Hawksford, a leading...
The DMCC has awarded the main works contract for the next phase of Uptown Dubai. This development includes the construction of two state-of-the-art commercial towers that will enhance the area’s skyline. The contract was awarded to Ali & Sons Contracting Company, a key player in the construction sector. Uptown Dubai is designed to be a...
The Dubai Multi Commodities Centre (DMCC) has introduced new licenses for Special Purpose Vehicles (SPVs) and Holding Companies. This initiative aims to enhance business structuring options for companies operating in Dubai and globally. The new licenses are designed to attract a wider range of businesses and facilitate their operations. DMCC officials stated that these new...
The Dubai Multi Commodities Centre (DMCC) has announced that Indian companies now make up 16 percent of its total member base, reflecting a 7 percent growth year-on-year. In the past year, 260 Indian companies have joined DMCC, bringing the total number of businesses in the international business district to nearly 4 000. Credit: ARN News...
DMCC, the leading international business district in Dubai, has reached a significant milestone by securing Shariah certification for its DMCC Tradeflow platform. This achievement is expected to enhance Dubai’s position as a global hub for Islamic finance. Credit: ZAWYA The certification was granted by the Shariah Board of the Dubai Islamic Economy Development Centre. This...
DMCC, the leading international business district in Dubai, is actively seeking to strengthen trade ties between the UAE and the UK, particularly in technology sectors such as AI, Web3, and gaming. This initiative was highlighted during a recent roadshow in London, where business leaders were briefed on the numerous opportunities available for British tech companies...
Indian startups are increasingly choosing Dubai’s free zones as a base for expansion, attracted by the region’s strategic location and business-friendly environment. The trend of Indian enterprises setting up in Dubai is notable, with these companies leading the list of new non-Emirati firms joining the Dubai Chambers. In the first nine months of 2024, Indian...