Author: Arabian Media staff

 Abu Dhabi and Dubai have secured the top two positions in a new global index ranking the world’s most tax-friendly cities, according to Multipolitan’s Wealth Report 2025: The Taxed Generation. The UAE’s capital, Abu Dhabi, was ranked first, while Dubai came in second, reinforcing the country’s growing reputation as a global hub for high-net-worth individuals (HNWIs) seeking low-tax jurisdictions with stable governance and legal clarity. Multipolitan’s flagship report introduces the inaugural Tax Friendly Cities Index, evaluating 164 jurisdictions on statutory taxation metrics, bilateral treaty coverage, and governance indicators. The UAE’s top ranking is attributed to its zero personal income tax,…

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Image: Getty Images Space42, the UAE-based AI-powered SpaceTech company that seamlessly integrates satellite communications, geospatial analytics, and artificial intelligence capabilities with global reach, and listed on the Abu Dhabi Securities Exchange, announced the signing of a $695.5m Export Credit Agency (ECA)-backed financing facility to fund the development of its next-generation geostationary satellites, Al Yah 4 and Al Yah 5. The financing represents a pivotal step in Space42’s strategy to establish critical connectivity capabilities across multiple orbits. The facility, arranged by Crédit Agricole CIB, Santander CIB, Societe Generale, and Natixis and backed by Bpifrance Assurance Export, demonstrates the company’s continued appeal…

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