Equity in business refers to the ownership value held by shareholders or owners after deducting total liabilities from the company's assets. It is a fundamental component of a company's financial structure, indicating its financial strength and stability. Calculating...
The UAE currency symbols, comprising the dirham and fils, represent a deep-rooted heritage and the United Arab Emirates' economic evolution. These symbols, found in various denominations of currency, are integral to the nation's identity and are used in everyday...
Understanding how to calculate year-over-year growth is essential for business owners and financial analysts to accurately assess a company's performance and strategies for the future. This key metric illuminates changes in important economic areas such as revenue,...
Dubai's dynamic and prosperous economy presents many lucrative opportunities for those looking to invest in Dubai. The city has become a global hub for investors seeking diversity and growth, from its burgeoning property market to its innovative financial services....
Opening a business account with Rak Bank is a strategic move for entrepreneurs and companies aiming to leverage the bank's comprehensive financial services in Dubai. As a financial institution dedicated to supporting the growth and operational efficiency of...
Understanding the distinction and interplay between a budget and a forecast is essential in steering corporate strategy towards success. These twin pillars of financial planning serve unique yet complementary roles in an organisation's pursuit of its objectives. A...
Tax residency in the UAE is a concept that appeals to many due to the nation's business-friendly climate and tax advantages. Navigating the nuances of becoming a tax resident can be complex for individuals or legal entities. Understanding the UAE's tax residency...
Forex trading (trading in the foreign exchange market) is a world filled with complexities, risks, and potentially high rewards, especially in dynamic centres like Dubai. What if we told you that you could turn these challenges into opportunities with the right...
Does your financial lingo begin and end with "money in" and "money out"? If so, you're not alone. But, getting to grips with the finer points of finance, specifically assets and liabilities, can make a real difference to your personal wealth and business success. This...
Have you ever wondered why big corporations invest heavily in things that aren't tangible, like patents or brand loyalty? Or, why do advisors stress the importance of diversifying between liquid and non-liquid assets? Assets, whether tangible or intangible, liquid or...
Ever wondered how high-value transactions in Dubai, especially in the real estate sector, run so smoothly and securely? It's mainly due to a vital part of the UAE's financial system - the Escrow Account. So what is an Escrow account in Dubai? Read on to find out!...
Starting a business in Dubai is the start of an exciting journey. However, setting up a business bank account in this vibrant city can seem daunting due to the strict regulations and various requirements. This guide will give you a complete rundown on how to open a...