Author: Suhail Hasan
Suhail Hasan
Suhail Hasan is a British businessman and entrepreneur who is the COO of Fame and guest author of Dubai News.
Cryptography firms in the United Arab Emirates are looking forward to a year of clear rules after the CBUAE recently okayed a framework for licensing stablecoins and its firms. This came through the “Payment Token Services Regulation” where the use of the virtual currency is set to be recognized and adopted into the economy of UAE. Jason Allegrante, the Chief Legal and Compliance Officer at Fireblocks said, “This licensing system is the first step in that direction for stablecoin development in the UAE. Regulation can unlock further innovation by offering clear rules of the game to the business and safeguards…
Quick analysis of the GDP of Ajman from the Ajman Statistics Centre suggests that, Ajman has recorded an impressive GDP for the year 2023. The nominal GDP for the Emirate of Abu Dhabi was $ 36. 27 billion in the year 2003/2004, it was $ 33. 9 billion in the year 2002/2003 meaning a growth rate of 6. 25 percent. At constant prices, the GDP stood at around AED 32 billion, while in 2022 it was AED 30. 5 billion, therefore implying a GDP growth rate of 4. 7 percent. According to Dr Hajar Saeed Al Hubaishi, Executive Director, Ajman…
Currently, the UAE is gradually turning into one of the most important nodes of the crypto industry, which can be seen in the growing innovative and regulatory activity, as well as the extremely high transactional activity within the country. As of the data released by Chainalysis, the UAE has identified $35 billion worth of cryptocurrency activities in the last year, of which 67% is a net effect of institutional investors using transactions between $1 million and $10 million. Crypto industry currently uses about 1,938 organizations in the UAE and the nation is among the top ten fastest-growing digital assets markets.…
Establishing a business in the UAE is easy, fast and devoid of many formalities because of numerous government support and promos. Currently, the country is using such incentives as Golden visas, no income tax, full business ownership with no minimum investment capital. Golden Visas: Expats also have access to UAE’s residency Permit known as Golden Visa that means they can live, work or study in the country without requiring a national sponsor and they can own their companies, freely 100%. No Income Tax: Currently, the UAE offers no income tax on any individual emittance of full profits and also acts…
The UAE has been advancing its tourism sector in a bid to increase its competitiveness in the global market On June, Abdullah bin Touq Al Marri, the Minister of Economy and the Chairman of the Emirates Tourism Council presided at BRICS Tourism Ministers Meeting in Moscow. This resulted in holding a meeting under the theme: “Strengthening Multilateralism for Just Global Development and Security” chaired by the Russian Federation which was Chair of the BRICS 2024. The points of discussion focused on the need for coordinated partnership involving all the member countries of BRICS for promoting sustainable tourism and other opportunities…
Khadija Esabri, also known as Kady, has established herself as a visionary entrepreneur and an experienced business strategist, known for her strong and deep-rooted connections within the Gulf Cooperation Council (GCC) and her extensive work with well-known, publicly recognized influential figures and brands. As the founder of Truth Creation, Kady leads a dynamic company that offers specialized consulting services and a brand of fitness and lifestyle wear with a strong emphasis on sustainability. Supported by robust partnerships with key stakeholders in the GCC, Truth Creation stands out for its commitment to quality and eco-friendly offerings, while also providing non-sustainable items…
Regarding the prospects for Saudi Arabia as a place of attraction for Millionaires, Henley & Partners predicts that Saudi Arabia will attract nearly 300 millionaires in 2024, where Riyadh and Jeddah will be the most popular cities among millionaires. This increase serves as evidence of KSA’s rising popularity amongst individuals in the higher wealth brackets (HNWI) from North Africa and the Middle East. Lane, a British consultancy firm, finally underlined that Riyadh and Jeddah have similar views to Dubai and Abu Dhabi about becoming the global cities to attract foreign wealthy inhabitants in a couple of years. However, it is…
Thus, the AI influencers have steered a large and strong position in the contemporary digital marketing landscape in the course of the recent few years. Such paradigms such as these personas are created by the enhanced ML systems to produce completely new marketing opportunities but also with ethical tests. The Genesis of The Organization: The Present Status The idea of AI influencers with digital or synthetic beings began with Lil Miquela in 2016 created by a firm known as Brud based in Los Angeles. The fully CGI character known as Miquela, created specifically to resemble a 19-year-old girl, since then…
Dubai: Another Dubai Majlis was conducted on Wednesday in order to discuss the progress on the future agenda of Dubai’s economic development, known as the Dubai Economic Agenda D33, which aims at doubling the size of the emirate. The annual forum was held under the cooperation of the Dubai Department of Economy and Tourism (DET) and Dubai Chambers and was hosted at Qasr Al Bahr, the ceremony which the Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, and Chairman of The Executive Council of Dubai. Majlis is to focus on defining new partnership solutions and speeding…
Given the global indicators currently out in circulation, UAE is projected to record higher figures of new millionaires in 2021 than any other country as pointed out by the Henley Private Wealth Migration Report 2024. Currently, the UAE issues Golden Visas for long-term residence, exempts foreign millionaires from income tax, offers a luxurious way of life, and geographical location: It is forecasted that by the end of the year, the UAE will attract over 6,700 new millionaires. The influx is especially concerning to Britain’s elites due to the increased flow of wealthy citizens from the United Kingdom while India and…