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Digital nomads choose UAE: Country emerges as top destination for remote workers; what's driving its global rise?

Digital nomads choose UAE: Country emerges as top destination for remote workers; what's driving its global rise?

Time of India9 hours ago
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The United Arab Emirates has been ranked the second most attractive destination for digital nomads in 2025, according to the latest VisaGuide Digital Nomad Visa Index, as reported by The Economic Times.
The UAE moved up from fourth place in 2023, now surpassing countries like Montenegro, the Bahamas, and Hungary, with only Spain ahead on the list.
Strong performance across key areas
The index evaluates countries based on criteria such as internet quality, tax environment, cost of living, healthcare, and safety, areas where the UAE continues to perform well. The rise reflects not just better amenities, but also a long-term national strategy focused on remote work, innovation, and infrastructure.
Policy reforms fuel growth
The UAE's improved ranking is attributed in part to its early adoption of remote work policies. In March 2021, the country introduced a remote work visa, allowing foreign professionals to live in the UAE while working for overseas employers. This initiative led to further programs, including Dubai's Remote Work Visa and Abu Dhabi's Virtual Working Programme.
A growing global workforce
The digital nomad lifestyle has grown rapidly since the pandemic, with around 40 million people now identifying as location-independent workers.
The global remote work economy is valued at $800 billion, and projections suggest that by 2035, up to one billion people could join the digital nomad workforce.
According to experts, including Arab Digital Nomads platform founder Mohammad Alard, the UAE could strengthen its leadership by expanding affordable housing, promoting cultural assets, and building ties with global nomad communities, reported ET.
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Sebi order reflects misunderstanding of standard hedging practices: Jane Street
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Time of India

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  • Time of India

Sebi order reflects misunderstanding of standard hedging practices: Jane Street

Mumbai: US-based Jane Street said the Indian capital market regulator's order accusing the trading firm of manipulative trading in equity derivatives reflects a 'misunderstanding of standard hedging practices and the interrelationships between derivative and underlying markets'. The firm, in an internal communication that ET has accessed, said the Securities and Exchange Board of India's claim that the firm's activity is "prima facie manipulative", disregards the role of liquidity providers and arbitrageurs in markets, while contesting claims that it was uncooperative with Sebi regarding its trading strategies. "This just isn't true. It doesn't line up with the facts of how we engaged with Sebi," the communication read. Last week, Sebi banned Jane Street from dealing in Indian securities market and directed it to pay ₹4,844 crore, which the regulator deemed as unlawful gains. The Indian regulator used a specific metric for market impact and trading aggressiveness which is disconnected from actual market dynamics, the trading firm said. The firm said when Sebi asked for information about its trading in August 2024, it promptly provided information and maintained transparent communication throughout follow-up questions. Similarly, upon receiving letters from the Indian stock exchanges in February this year, it immediately "turned off" trading activity to understand their concerns. Senior Jane Street leaders from Hong Kong and New York also flew to Mumbai and based on the conversation, made modifications to its trading, it said. Upon completion of the process, it believed that Sebi was comfortable with its approach. "Since February, we have made ongoing efforts to communicate with Sebi and have been consistently rebuffed. The order claims that this is an "urgent" situation, yet Sebi could have responded to any one of our requests to discuss their concerns." Countering Sebi's allegations that it was most active on expiry days of index options, Jane Street said the nature of the Indian market, where participants predominantly engage in cash-settled index options, results in liquidity providers (including themselves and others) accumulating stock price exposure that terminates at options expiry. "Replacing expiring deltas with non-expiring deltas is a standard and well-understood practice in markets throughout the world," the firm said. On the Sebi order emphasising examining the first eight minutes of trading on January 17, 2024, as crucial for understanding the intent and design of its options strategy, which the regulator termed as intra-day index manipulation, Jane Street explained that those eight minutes illustrate basic index arbitrage trading, a standard financial market mechanism that maintains the prices of related instruments in line. "One can easily observe that there was a large divergence between the Bank Nifty index price shown in the options markets and the price implied by the stock levels. Jane Street (presumably alongside other participants) traded in a direction consistent with closing that gap and bringing the two markets more in line with one another," the firm said. Such synchronisation, Jane Street said, was "unambiguously good for the health of financial markets".

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