The new decision will apply to all expats entering the country
The Islamic banking sector grew 14 per cent in 2019, equating to $1.99 trillion in global assets
The UAE is also one of the 27 top investors in the UK
The country also has plans to extend visa-free arrival for up to 30 days for citizens of more than 100 countries
Some 568,000 Kuwaitis are eligible to choose from 326 candidates
Business activity in Saudi Arabia grew at the fastest pace since the beginning of the year, fueled by a sharp rise in sales and strengthening sentiment
The UAE saw “stellar success” during the Covid crisis this year, displaying its readiness to face pandemics and disasters, say leaders
The amnesty will require expats living illegally to either get a valid residency or leave the country after paying their fines to avoid a ban
Dubai Islamic Bank is now the largest UAE-based sukuk issuer by value on Nasdaq Dubai with a total of $7.3bn listed on the exchange
The new decision is hoped to enhance the UAE’s attractiveness for investment and business growth
The rule will be applicable from December 1, 2020, with businesses no longer requiring an Emirati sponsor
The decision applies to expat workers who do not have a university degree
The agreement provides a framework for information sharing, and will facilitate the movement of startups and transfer of knowledge and talent
Oman is the UAE’s second largest trading partner in the Gulf
The TESS loan deferral programme has already benefited over 310,000 retail customers, nearly 10,000 SMEs and more than 1,500 private sector companies
There were a total of 14,854 real estate transactions completed in Q3 this year
The NMC Health founder denies wrongdoing and says he has “complete faith in the justice system of the UAE”
The five biggest trading partners of the UAE were China, Saudi Arabia, India, the US and Switzerland
Companies are reinventing their business models and fast-tracking digital strategies as they prepare for a post-pandemic recovery, opines Hamad Buamim
Officials urge the public to adhere to precautionary measures to ensure the UAE reaches the recovery stage
The Abu Dhabi Judicial Department will organise training courses for judges and prosecutors specialising in money laundering and tax evasion
Changes in law allows small enterprises to fundraise via convertible notes and employee shares schemes
The kingdom hiked its value added tax (VAT) from 5 per cent to 15 per cent in July
Motivate Media Group, along with an expert panel, has selected 20 SMEs as the beneficiaries of the $1m initiative
The six-year bond with a 6 per cent interest rate was 2.1 times subscribed
A new management team was brought into the fund in 2017 to transform the state-owned institution
Markets have been volatile during the final weeks of the campaign as investors fretted over the potential for a contested outcome
The package was approved by the Crown Prince of Sharjah, Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, on Tuesday
The company has put thousands of employees on indefinite leave in recent months
The 2020 elections will show what matters the most to American voters: the stock market performance, or the real economy