Dubai is competing with Izmir in Turkey, Sao Paulo in Brazil and Yekaterinburg in Russia for the right to host the 2020 world’s fair.
Saudi imposes a particularly light tax burden on entrepreneurs as compared to its European counterparts, says Ernst &Young
The LA Lakers’ player has received a tax-free trade license from the Dubai Multi Commodities Centre (DMCC).
UAE expats are “less prudent” than their counterparts in Singapore and Hong Kong with regards to financial planning.
The initial price thought on the bond is in the area of 150 basis points over the equivalent U.S Treasuries.
Dubai’s companies are ‘doing well and can take care of their own debt’ according to Sheikh Ahmed bin Saeed al-Maktoum.
The US Federal Reserve’s decision to maintain its monetary stimulus is expected to boost the the regional bond market.
Nikhil Das, a private banker, was found guilty of carrying out fraudulent transactions worth $8.4 million.
Kazim, whose appointment is effective next Jan. 1, will replace current DIFC governor Abdullah Mohammed Saleh.
The lender announced on Wednesday that it was boosting the limit on foreign ownership to 20 per cent.
Arcapita’s plan will see it transfer its assets into a new holding company which will dispose of them over time to pay off creditors.