The UAE Central Bank has lowered its benchmark interest rate, a decision expected to make loans, mortgages, and business financing cheaper across the country. The move, which follows the U.S. Federal Reserve’s rate cut, is aimed at easing borrowing costs, stimulating consumer spending, and supporting key sectors such as real estate and small-to-medium enterprises.
Dubai’s property market is witnessing a surge in studio apartment sales, with more than 26,000 units sold for around Dh20 billion in just eight months, highlighting growing demand from investors, young professionals, and first-time buyers seeking affordable and high-yield housing options.
Read MoreUAE banks will raise overseas card fees to 3.14% from 22 September 2025, making international shopping, travel payments, and foreign ATM withdrawals more expensive for residents. The change affects both credit and debit card transactions, but consumers can still cut costs with smart spending strategies.
Read MoreThe UAE has lowered the minimum age to start a business from 21 to 18 years, opening new doors for young entrepreneurs. Under the updated Commercial Transactions Law, individuals as young as 18 can now legally establish, own, and manage companies, while those aged 15 to 18 can participate in trade with approvals.
Read MoreGold prices in the UAE have soared to record levels, with 22-karat gold now exceeding AED 400 per gram. Driven by global economic factors, geopolitical tensions, and investor demand, the surge is impacting both shoppers and investors. Residents are navigating higher costs for jewelry and bullion, while financial experts highlight gold’s enduring appeal as a safe-haven asset.
Read MoreThe UAE is preparing to roll out e-invoicing, a major step towards digital transformation in business and finance. This move aims to improve efficiency, transparency, and compliance for companies across all sectors. Businesses are now urged to start preparing for the transition, as e-invoicing will not only streamline tax processes but also enhance record-keeping and reduce errors.
Read MoreThe Federal Tax Authority (FTA) has reminded UAE businesses that corporate tax compliance is not optional, failure to maintain proper records/file returns on time could result in steep penalties. From keeping 7 years’ worth of financial documents to meeting strict filing deadlines, companies are now under increasing pressure to stay fully compliant as UAE strengthens its corporate tax framework.
Read MoreAmid global gold price volatility, UAE shoppers are increasingly swapping old gold jewellery for VAT-free gold bars—a shift driven by investment thinking and the desire to capitalize on current high rates. What’s behind this gold exchange boom, and what does it mean for the market moving forward?
Read MoreUAE businesses subject to corporate tax are being reminded by the Federal Tax Authority (FTA) to finalize their tax-related documentation, submit corporate tax returns, and pay due taxes promptly. The timely reminder underscores the legal obligation to comply and avoid penalties, while highlighting the user-friendly EmaraTax platform that facilitates seamless digital compliance.
Read MoreIn today’s fast-paced digital world, understanding your financial credibility is more crucial than ever. Discover how residents of the UAE can effortlessly check their credit score, stay informed, and take charge of their financial health.
Read MoreBitcoin recently surged to an all-time high above $124,000, driven by US policy shifts, institutional buying, and optimistic Fed rate-cut expectations—watershed moment for UAE investors keeping tabs on digital assets.
Read MoreWith gold prices holding firm and volatility rising in other asset classes, many UAE investors are turning to digital gold platforms as a secure, flexible, and low-cost way to own gold—without ever holding a physical coin or bar.
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