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UK-based Monty Finance announces global expansion and growth plans

27 May 2023

Sajjad Ahmad, Deputy Business Editor The Gulf Cooperation Council (GCC) countries have a competitive edge in Financial Technology (Fintech), with a substantial proportion of the population able to access...

Expo 2020 Dubai projected to add Dhs154.9 billion to UAE economy till 2042

31 Mar 2023

Expo 2020 Dubai and its legacy are expected to contribute Dhs154.9 billion ($42.2 billion) of gross value added (GVA) to the UAE’s economy from 2013 till 2042, a report from...

Dubai rising population contributes to launch of new projects and units

31 Jan 2023

Inayat-ur-Rahman, Business Editor The population in Dubai officially hit the 3.55 million mark in 2022, and with more expatriates making the emirate their second home, it continues to grow at...

FTA launches first event under ‘Tax Support’ initiative for 2023

29 Jan 2023

The Federal Tax Authority (FTA) has launched the ‘Tax Support’ initiative to raise tax awareness among business sectors in the UAE through direct and sustained contact, as a means to...

Pakistan’s finance minister to meet IMF in Geneva

08 Jan 2023

An International Monetary Fund (IMF) delegation will meet Pakistan’s finance minister on the sidelines of a conference in Geneva, a spokesperson of the lender said on Sunday, as Pakistan struggles...

VIDEO: Egyptian vessel sinks while unloading cargo at Türkiye port

20 Sep 2022

Gulf Today Report An Egyptian cargo ship has capsized at a Turkish port along with dozens of containers onboard. A video circulating on social media...

TerraUSD backer says will compensate some users, Bitcoin back below $30,000

16 May 2022

An affiliate of the company behind collapsed stablecoin TerraUSD said on Monday it had spent the bulk of its reserves trying to defend its dollar peg last week, and would...

Dollar pause, China economy support pledge lift markets

29 Apr 2022

A dollar pullback from 20-year highs and Chinese authorities’ pledge to support economic growth offered respite to battered equity markets on Friday, though Wall Street remained poised to open lower...

Masdar signs deals to develop green hydrogen plants in Egypt

25 Apr 2022

Masdar, one of the world’s leading renewable energy companies, and Hassan Allam Utilities, the investment and development arm of Hassan Allam Holding Group, announced on Monday that they have signed...

Malaysia and UAE seals over Dhs397 million investments

20 Mar 2022

Malaysia far exceeded its expectations when it attracted $108.34 million (Dhs397.94 million) in potential trade and investments during the Sustainable Agriculture Week at Expo 2020 Dubai. The Ministry of...

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