Author: Emirates Insight

Indian-owned businesses have maintained their position at the top of new company registrations with Dubai Chamber of Commerce during the first six months of 2025, according to analysis released by the chamber. A total of 9,038 new members from India joined the chamber during the period, representing year-over-year growth of 14.9 per cent. The figures demonstrate Dubai’s continued appeal as a destination for Indian investors and entrepreneurs, according to a statement by the Dubai Media Office. Pakistan second with 4,281 new Dubai Chamber members in H1 2025 Pakistan secured second place with 4,281 new companies registered in the first half…

Bitcoin’s recent rally has seemingly slammed into a wall, with the asset dropping over 6% this week to hover near $108,500. The slide has the market asking one question: Is the bull run finally over? And one prominent analyst is sounding the alarm with a grim forecast. Bearish Breakdown On August 29, crypto commentator Klarck made a dire assessment of BTC’s state of health, predicting the OG cryptocurrency is headed for $90,000, a move that would also obliterate altcoins. “Market has FINALLY reached its PEAK. $BTC is heading to $90k – ALTs will lose ~90%. Disagree? Be ready to lose…

Binance has released its August 2025 market report, showing that digital assets continue to perform strongly this year. The total cryptocurrency market capitalization is up 9.9% since January, adding over $600 billion despite an early decline in Q1. The exchange attributes the recovery to global monetary conditions. Notably, global money supply grew at its fastest pace since 2021, making more capital available for markets. At the same time, the U.S. central bank stopped reducing liquidity, even though it still signaled caution. Bitcoin and Ethereum Drive Market Strength According to the report, Bitcoin and Ethereum remained the leading assets in 2025.…

The UAE has warned businesses to keep tax records for seven years or face fines. The Federal Tax Authority (FTA) reiterated that all businesses subject to UAE Corporate Tax must maintain comprehensive records and documents supporting the information provided in their tax returns, warning that failure to comply will result in administrative penalties. According to the FTA, these records allow the authority to verify a taxable person’s income for corporate tax purposes. UAE tax warning While the documentation required may vary depending on the nature of the business, companies must keep essential records such as: A record of all transactions…

Stablecoin reserves on centralized exchanges have climbed to a new record of $68 billion, even as supply growth has slowed. The latest milestone, recorded on August 22, was driven by $53 billion in USDT holdings and $13 billion in USDC balances. According to a report by the on-chain aggregator CryptoQuant, this marks a clear break from earlier records. The new total surpasses the previous peak of $59 billion set in February 2022, when BUSD had a larger role. Reserves have since more than doubled from their October 2023 low, boosted by a $28 billion increase after Donald Trump’s election victory.…

Signed in January 2025, the agreement establishes a robust framework to eliminate or reduce tariffs, streamline customs procedures, and foster deeper private sector collaboration. It also represents New Zealand’s first trade agreement with a Middle Eastern nation, highlighting its importance for the country’s economic engagement in the region. UAE-New Zealand trade to exceed $5bn by 2032 The CEPA is expected to boost annual bilateral trade to more than $5b by 2032, up from an average of $1.5bn between 2019 and 2023. Under the deal, New Zealand will provide 100 per cent duty-free access to imports from the UAE, while the…

The cryptocurrency market experienced the adverse consequences of Trump’s tariffs against essentially every other country in April, or at least the threat, resulting in massive price declines to multi-month lows. Although the POTUS has continued to impose such taxation on some nations while reducing the rates for others, more controversy arose on Friday when the US Court of Appeals ruled that the tariffs are illegal. Illegal Tariffs? The strike against Trump’s tariffs could be particularly painful for his presidency, given their significance in his foreign policy. After all, the 47th US President has threatened every country, including many allies, with…

Grab a taste of home with some of the best roast dinners in DubaiSometimes when you’re feeling homesick, there’s nothing like the traditional roast dinners we’re used to, thankfully Dubai does a good job of filling that craving. Dubai has some of the best roast dinners serving up some awesome versions of it with all the trimmings.Here are our favourite roast dinners in Dubai…Benny Mack’sTown Square locals are already likely familiar with the Sunday roast at Benny Mack’s, a home cooked hero of your choice of meat, fresh vegetables, Yorkshire pudding and gravy. Every roast includes a house drink too,…

A US appeals court may have paved the way to take away US President Donald Trump’s biggest weapon in his foreign policy – tariffs. A divided US Court of Appeals for the Federal Circuit voted 7-4 and ruled on Friday that President Trump had no legal right to impose sweeping tariffs on “almost every country on earth”. “The core Congressional power to impose taxes such as tariffs is vested exclusively in the legislative branch by the Constitution,” the court said. “Tariffs are a core Congressional power.” The court paused its ruling from taking effect until October 14 to give the Trump administration time…

Polygon is starting the week with some fresh energy as Giottus, a major Indian crypto exchange, now offers QuickSwap’s QUICK token in INR and USDT trading pairs. The listing is opening the door for even more users in the Indian market, as we know how big the Indian crypto scene is. POL, the Polygon crypto token, is testing its $0.38 support level as the market dips. The hum around Polygon is also likely due to its recent government boosts. The US Department of Commerce posted GDP data on the blockchain, which was a big move. (Indian crypto market, source –…