The UAE Ministry of Finance (MoF) hosted a value added tax (VAT) briefing session for advisors recently. The session aimed to send a clear message to the market, which is that VAT is coming and businesses must begin to prepare immediately, said a …
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Dubai Silicon Oasis: Smart Community
Established in 2004, Dubai Silicon Oasis was created as a free trade zone, for ICT and technology-focused companies, with commercial and residential zones, with the aim of becoming one of the first integrated communities in the region. Today, Dubai Silicon …
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Amazon buys Mideast's Souq.com after $800M counteroffer
On Monday, Emaar Malls PJSC made public its $800-million bid for Souq.com in a filing on the Dubai Financial Market. The short filing, signed by Emaar Malls vice chairman Ahmad Thani al-Matrooshi, said the bid was made “in line with the strategy to align e …
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Canada's Top Talent Set to Compete at World's Biggest Skills Event in Abu Dhabi
At WorldSkills Abu Dhabi 2017, they will compete with more than 1,300 competitors for a chance to be named world champion. SCC is pleased to introduce the official members of WorldSkills Team Canada 2017:
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Emaar completes foundation of new tallest tower in Dubai
Dubai developer Emaar has laid the foundation for the construction of what is slated to become the world’s new tallest building – The Tower at Dubai Creek Harbour, it announced on Monday. Launched in April last year, the $1bn mixed-use building will …
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Dubai Chamber event discusses bankruptcy law
At the event, Hamad Bu Amim, president and chief executive officer of the Dubai Chamber, said the law will also improve ease of doing business in the UAE, and is likely to boost business confidence. The UAE’s government late last year issued the …
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EMIRATES PRESIDENT: We don't know if the US laptop ban will hurt business — but here's how things went this weekend
Emirates has been expanding its business into the US for several years and now flies direct from Dubai to 11 cities in the country. “The US operation is becoming progressively more important. It’s about 11% to 12% of what we do at the moment — growing …
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Dubai Chamber briefing sheds light on UAE bankruptcy law
As part of its continued efforts to boost mutual communication between the government and the private sector, the briefing was attended by HE Younis Haji Al Khouri, Undersecretary of the UAE Ministry of Finance, who met with members of the local business …
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UAE pledges €50 million to Interpol foundation
Abu Dhabi: The UAE has pledged a contribution of €50 million (approximately Dh199 million) to the Interpol Foundation for a Safer World to support seven Interpol projects designed to combat terrorism and global crime, officials said on Monday.
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Trading begins in ENBD Reit shares following $105 million IPO
Hamed Ali, Chief Executive of Nasdaq Dubai, said the Reit’s successful listing demonstrates … UAE Limited were joint global coordinators and joint bookrunners for the IPO. Associate Business Editor of Khaleej Times, is a well-connected Indian journalist …
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Young man ordered to clean Abu Dhabi streets for three months after pulling off dangerous stunts
The reckless driver sweeping a street in Abu Dhabi. He hit a bystander while performing dangerous stunts in Al Shamkha. Courtesy: Abu Dhabi Judicial Department Abu Dhabi: In a first-of-its-kind verdict, a young man has been ordered to clean the streets and …
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Apple opens job vacancies for UAE posts
Dubai: US technology giant Apple is looking to recruit new employees for its operations in the UAE, the company’s latest job listings show. As of this month, the tech giant has posted 18 positions on the careers page of its official website, with roles …
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Emaar Malls' $800 million bid for Souq.com to challenge Amazon
DUBAI Dubai’s Emaar Malls, operator of glitzy Middle East shopping centers, has made an $800 million offer for regional online retailer Souq.com [IPO-SOUQ.DU], setting up a potential bidding war with Amazon.com. Emaar Malls’ bid has so far not been …
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Emirates Global Aluminium mandates US banks for IPO: sources
EGA was created in 2013 when state-owned companies Dubai Aluminium (Dubal) and Abu Dhabi’s Emirates Aluminium (Emal) merged. Its enterprise value was put at $15 billion at the time of the merger. It is owned by Abu Dhabi state fund Mubadala Investment Co …
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Dubai's Arqaam Capital launches global hedge fund in rare move
DUBAI, March 27 Dubai-based investment bank Arqaam Capital is launching a globally focused hedge fund, it said on Monday, becoming one of only a handful of local firms to offer such a product. Although Dubai has been growing rapidly as a banking centre …
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UAE coach Mahdi Ali also feeling the heat as World Cup hopes go on the line against the Socceroos
AFTER five years in charge, UAE coach Mahdi Ali could be forgiven for parking the bus at Allianz Stadium on Tuesday night. Not in the sense of a cheap joke about his former life as a municipal engineer, during which he helped to design the ticketing …
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Dubai cops' fleet of hypercars now includes fastest
No matter what it is, if it is in Dubai then it is probably the biggest and the best. Whether it is property or fountains or artificial islands they go large and luxe, and it seems as if the local police have taken that ethos to heart with its fleet of …
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