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Osama Al Rahma, chief executive of Al Fardan Exchange and vice chairman of the Foreign Exchange & Remittance Group (FERG), speaking at an anti-money laundering meeting in Dubai Sunday. Leslie Pableo / The National
UAE’s exchange houses gearing up for new anti-money laundering regulations

A federal decree came into effect in November

EconomyApril 01, 2019
Under Armour founder and chief executive officer Kevin Plank (left) and president and chief operating officer Patrik Frisk (right) were in Dubai as part of a world tour to focus on international expansion. Leslie Pableo / The National
Under Armour founder eyes expansion in the Middle East

Chief operating officer says US sports retailer wants to boost global business to account for half of total sales

EconomyMarch 31, 2019
New employment law will come into effect on August 28. Courtesy DIFC
DIFC accepting nominations for new long-term residency visas

Companies within the free zone can apply on behalf of those who meet the criteria

EconomyMarch 28, 2019
Lisa Nichols will be the headline speaker for Cha-Ching 2.0 Financial Breakthrough Weekend, taking place at the Dubai World Trade Centre this weekend. Photo: courtesy Lisa Nichols
How a struggling single mother became a millionaire motivational coach

Lisa Nichols, a best-selling author, speaker and founder of Motivating the Masses, changed her fortunes by writing herself cheques

MoneyMarch 27, 2019
Middle East consumers are increasing their spending online. Courtesy Retail Leaders Circle
Digital disruption is changing the Middle East consumer

Region is outpacing global online shopping trends, new PwC survey says

MoneyMarch 27, 2019
Double taxation avoidance agreements ensure individuals and businesses are only taxed once. Photo: Getty Images
What double taxation agreements mean for UAE residents

The Emirates has 123 double tax treaties in force or pending, which benefit expatriates and companies

MoneyMarch 25, 2019
Social media influencing children's perception of their body image, prompting calls for schools to offer support.
UAE's telecom regulator limits charges for early termination of mobile contracts

Mobile phone users will only be charged a month’s fee for ending their contract

MoneyMarch 20, 2019
There will be 85 pieces of art and 177 watches up for sale at the Christie's Dubai auction at the Jumeirah Emirates Towers hotel this weekend. Leslie Pableo / The National
Camera
Christie’s watch auction expected to clock up to $13 million in Dubai

Auction of art and timepieces this weekend is expected to net $15 million

EconomyMarch 19, 2019
New employment law will come into effect on August 28. Courtesy DIFC
Middle East’s super rich to increase by 20 per cent in next five years

There are around 8,300 ultra-wealthy people in the region, of which 693 are in the UAE and 950 in Saudi Arabia

MoneyMarch 17, 2019
Emirati Yousuf Alrustamani, owner of Mitts & Trays restaurants, enjoys spending money on travelling to Harley Davidson events around the world. Pawan Singh / The National
Money & Me: ‘I believe in making sure money from the richest goes to the poor'

Emirati Yousuf Alrustamani says income redistribution is key to driving the economy

MoneyMarch 17, 2019
Oman will no longer be accepting visa at the gate. Getty
Oman’s new ‘sin tax’ to come into effect in June

Tax will double the cost of cigarettes, alcohol, pork and energy drinks

EconomyMarch 14, 2019
“I cannot accept that our region will be taken over. I will not accept it,” he said. Photo: Canon
Alabbar says starting $1bn Noon.com was his 'biggest risk'

The Emaar chairman and founder of the home-grown digital marketplace emphasised the importance of creating local e-commerce brands

EconomyMarch 14, 2019
International City is the cheapest place to rent an apartment in Dubai with a median advertised annual rent of Dh32,998. Victor Besa / The National
Dubai tenants have more negotiating power as rent prices decline

Experts project that real estate prices will continue to decrease this year

PropertyMarch 07, 2019
Google pay study finds that men were paid less than women in a certain job category. Photo: AP
Google finds it paid women more than men for the same job

Tech giant paid out adjustments to men amid allegations of gender discrimination at the company

TechnologyMarch 05, 2019
EU passport holders Sandra Pavlowsky and husband Alexandre Darre were planning to return to the UK for their 14-year-old daughter Sasha to finish secondary education there, but with Brexit uncertainty, they have chosen to postpone a move and stay in Dubai for now. Chris Whiteoak / The National
Brexit uncertainty a factor for UAE residents planning UK return

The uncertainty has led to some postponing plans to move back to the UK, while others see a financial opportunity both ways with the favourable dirham to pound exchange rate

BrexitMarch 05, 2019
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