News archive

23 Jan 2020

One of the world’s largest Islamic banks created in the UAE

Dubai Islamic Bank (DIB) had completed the eagerly anticipated acquisition of one of its rivals, Noor Bank, to create a lender with total assets exceeding US$74,85 billion (AED 275 bn), it was announced on Thursday...

4 Nov 2019

AMС Free Zone exempts its investors from payment of visa deposit

Ajman Media City Free Zone has announced its decision to cancel payment of the mandatory deposit paid for the registration on the state-run platform E-Channel for all new companies being set-up from November 2019. The amount of the deposit is AED 5,000 (USD 1,361)...

1 Oct 2019

October promotion at International Free Zone Authority, UAE

The International Free Zone Authority (IFZA) has just announced new attractive offers and promotions for the formation of new companies throughout the month of October...

19 Aug 2019

The cost of an illuminated advertisement on the world’s tallest building revealed

Ever thought of the best way for your business to come into the spotlight? The billboard lights at Piccadilly Circus in London and on Times Square in New York have been literally put in the shade by Burj Khalifa, the highest building in the world...

21 Jul 2019

Dual licensing scheme launched by DMCC & DED

Dubai Multi-Commodity Centre (DMCC) and the Department of Economic Development of Dubai (DED) have signed a partnership agreement on the licensing of Dubai-based and DMCC-based companies allowing them to operate both within the free zone and onshore...

14 May 2019

DMCC announced special discounts for company setups

Dubai Multi-Commodity Centre, the most prestigious and efficient free zone in the UAE, has announced a special promotion for new company registrations during Ramadan. Up to AED 11,000 (USD 2,995) can be saved on a DMCC company setup...

11 Apr 2019

Almost 10,000 new jobs created thanks to newly issued licenses

Dubai: According to the Department of Economic Development (DED), a total of 2,459 new business licenses have been issued in March 2019 – an increase of 35.4% compared to the same month last year or increase of 13.4% from February 2019...

25 Feb 2019

Dubai eyes the status of the most visited city in the world by 2022

Dubai has marked a new high in tourist arrivals last year on the back of its traditional markets, led by India, Saudi Arabia and the UK...

28 Jan 2019

Want to get a free, 3-year DMCC trade licence and resident visa? Buy a flat!

The largest real estate developer in the UAE, Emaar Properties (Burj Khalifa being the company’s most famous project), in partnership with the Dubai Multi Commodities Centre (DMCC), has launched a new development project in Dubai Hills Estate...

9 Sep 2018

14,000 new homes on Dubai's property market so far in 2018

Dubai Land Department (DLD) revealed that 47 realty projects were completed in the first eight months of this year, creating thousands of new homes in the emirate of Dubai...