Latest News & Press Releases

Dubai’s Record-Breaking FDI Attraction

Emirate’s cultural and creative sectors attracted Dh7.35 billion in foreign direct investment in 2022, Says the Source    Dubai, a city known for its vibrant culture and innovative spirit, has once again proven its global appeal by attracting a record 451 projects in the cultural and creative industries in 2022. This impressive increase of 107.7% from

137 businesses in the UAE are fined Dh65.9 million for violating anti-money laundering regulations – Khaleej Times

 In a significant move to enforce anti-money laundering regulations, the Ministry of Economy in the United Arab Emirates (UAE) has imposed fines amounting to Dh65.9 million on 137 companies. This action was taken in the first quarter of 2023, following an inspection of 840 companies operating in the UAE’s designated non-financial business or professions (DNFBP)


The DIFC Declares the Adoption of New Family Arrangements Regulations- #2023 Update

Breaking News  Dubai International Financial Centre (DIFC), the MEASA (Middle East, Africa and South Asia) region’s foremost global financial centre has recently passed the DIFC Family Arrangements Regulations. With this comes the announcement of the opening of its first Global Family Business and Private Wealth Centre, following a 30-day public consultation term. In addition to


A Step-by-Step Guide to Co-occupants Registration in Dubai

Going forward, individuals putting up in the properties leased out or bought by the expatriate residents in Dubai must be registered too, says the new tenant rule! All the existing property owners, developers, management companies and tenants must complete the registration process within two weeks from the day of announcement i.e., 24 Sep 2022 (Friday),


Binance Acquires MVP Licence in Dubai from VARA

Keen to offer a wider string of services related to virtual assets including crypto derivatives products, custodial and trading services to fitly qualified retail and institutional investors in Dubai, Binance, the leading global blockchain services provider, has been granted Minimal Viable Product (MVP) licence by the Virtual Assets Regulatory Authority (VARA). The first licence was


UAE Relaxes the Visa Rules for Residents & Tourists: Highlights

Glad tidings! World-renowned for expat-friendliness, the United Arab Emirates is to ease the visa rules for resident expats from the month of September this year while implementing new visa types for foreigners. Now you have more options and reasons to visit or migrate to your favourite emirate! Let’s quickly have a look at those remarkable