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‘Virtual company licence’ for investors launched in Dubai

Dubai / WAM HH Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, today announced the launch of the region’s first ‘Virtual Company Licence’, allowing investors worldwide to do business in Dubai digitally without requiring residence and in accordance with the highest international legal standards. The announcement is aligned with the third Article of the 50-Year Charter ...

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UAE named ‘rising star of global trade’

Dubai / WAM UAE features among the top 10 markets that have rapidly improved their trade growth potential over the past decade, according to a new research from Standard Chartered, the Trade20 Index, which identifies the 20 rising stars of global trade. The Trade20 Index, which determined the potential of each market for trade growth over the past 10 years ...

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Aramco plans $75b dividend

Bloomberg Saudi Aramco will increase dividend payments and pay less tax as the government tries to secure the $2 trillion valuation targeted by Crown Prince Mohammed bin Salman in the state oil company’s initial public offering (IPO). The state-run company, which produces about 10% of the world’s oil, plans to announce its intention to float later this month with the ...

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