Category Archives: Business & Investments

Awkward Ads cracks the brief for Iraq’s most daring brand campaign yet

Music, culture, and creativity collide in Awkward Ads’ campaign for Mountain Dew and Doritos

January 28th, Dubai, UAE; Baghdad, Iraq: Creative agency Awkward Ads has partnered with Mountain Dew and Doritos to launch a daring new campaign aimed at capturing the adventurous spirit of Gen Z in Iraq.  Awkward Ads was tasked with creating a campaign as bold as the brands it represents, and shattered the mold.

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Arab Financial Services Expands into UAE to Advance Digital Payments Ecosystem

Dubai, UAE – 27 January 2025: Arab Financial Services (AFS), a leading provider of digital payment solutions and a prominent fintech enabler across the Middle East and Africa, announced its strategic expansion into the United Arab Emirates (UAE).

This move follows the successful acquisition of a Retail Payment Services License – Category II from the Central Bank of the UAE by Arab Financial Services L.L.C, allowing AFS to introduce a comprehensive suite of innovative and secure payment solutions tailored to the country’s dynamic financial landscape.

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BCCD finance experts explore challenges and opportunities of new UAE corporate tax system

Panel discuss optimisation, investment and compliance under new governing laws

January 28,2025: Dubai, UAE: A panel of experts convened by the British Chamber of Commerce Dubai (BCCD) has revealed some of the challenges and opportunities for businesses operating under the new UAE corporate tax system. Following recent updates to governing laws, the panel discussion explored a range of themes, including tax optimisation, boosting foreign investment, and streamlining processes for compliance.

Opening the event, Dr. Peter Wilson, Founder and Global Tax Advisor at PB First Global Tax, provided an overview of the updated regulations issued in the Ministerial Decision of December 2024, highlighting changes in tax grouping compliance compared to the Ministerial Decision issued in 2023. Dr. Wilson also discussed the scope of the recently introduced Domestic Minimum Top Up Tax (DMTT), as well as its provisions for refundable tax credits for R&D and high value employment activities.

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UAE Ministry of Finance and CIPS partner to launch groundbreaking Diploma in Procurement and Supply

Practitioner level certification to enhance government procurement excellence, drive sustainability and support UAE’s Vision 2031 goals

Dubai, UAE; Jan 28, 2025: The Chartered Institute of Procurement and Supply (CIPS) has signed a Memorandum of Understanding (MoU) with The Ministry of Finance to launch the CIPS Practitioner Level Diploma in Procurement and Supply 2025, a leading initiative designed to strengthen national competencies, drive innovation in the government sector, and boost the UAE’s global competitiveness.

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Blue Ocean Global leads UAE’s consumers shift towards Dh125 billion e-commerce market

More than 6.5 million UAE consumers now buy most goods online – through various e-commerce platforms – making the country a leader in digital commerce in the Middle East

Date: Dubai, UAE; January 27, 2025

News Highlights:

  1. UAE e-commerce revenue to grow at 8.39% from US$33.97 billion (Dh125 billion) in 2025 to US$46.88 billion (Dh172 billion) by 2029;
  2. The Central Bank of the UAE processed 334.3 million payment transactions amounting to Dh19.2 trillion (US$5.23 trillion), a 20% increase in 2023, compared to 2022;
  3. More than 6.5 million, or 65% of the UAE population shopped online in 2023 as distributors and retailers shift to e-commerce space;
  4. Total transaction value in the digital payments market is set to grow at 13.8% from US$80.37 billion in 2025 to US$134.8 billion in 2029.

Blue Ocean Global Group, a Dubai-based distributor of electronics, household appliances and consumer goods, has strengthened its online distribution and e-commerce business in line with the current trend, to maximise customer convenience.

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