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Month: January 2019

Posted on 20/01/2019

Company director who helped manage Abu Dhabi Royal Family’s properties wins unfair dismissal case

A director of a company that managed the Royal Family of Abu Dhabi’s £5.5bn London property portfolio was unfairly sacked after pointing out that to make an unscheduled meeting he would have to arrang…
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Posted on 20/01/2019

Abu Dhabi HSBC Championship presented by EGA: Final day live updates – Richard Sterne one clear of Shane Lowry

A South African has never won the Abu Dhabi HSBC Championship presented by EGA before but Richard Sterne is doing his best to change that. He has just birdied the eighth to move one clear of Shane Low…
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Posted on 20/01/2019

Most UAE residents expecting salary increase in 2019, study reveals

Researchers surveyed more than 1,200 UAE residents on the state of their finances and attitudes towards work. And 65 percent of those questioned expect to be given a salary https://www.timeoutdubai.co…
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Posted on 20/01/2019

Slowing GDP growth, credit demand to fuel more GCC bank mergers

Dubai: GCC’s banking sector has witnessed a flurry of mergers since 2017 and the sector is expected to see a few more large scale mergers as the economic growth and credit demand are slowing in …
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Posted on 20/01/2019

All roads lead to Abu Dhabi for Irish athletes competing at Special Olympics

91 Irish athletes will travel to Abu Dhabi in March for the 2019 Special Olympics World Summer Games. The final preparations are under way this week for Team Ireland who will join 7,000 athletes from …
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Posted on 20/01/2019

UAE’s FTA reveals four conditions for business visitors to recover VAT

The UAE’s Federal Tax Authority (FTA) has outlined four conditions that would allow foreign businesses to recover Value Added Tax (VAT) incurred in the UAE. To be eligible for the VAT refund …
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Posted on 20/01/2019

United Arab Emirates and Saudi Arabia Collaborate on New Cryptocurrency

The United Arab Emirates (UAE) and Saudi Arabia have announced … including civil aviation, financial awareness youth training, and the development of a cross-border digital currency.
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Posted on 20/01/2019

INTERVIEW: Abu Dhabi regulatory authority to introduce ESG financial disclosure standards: CEO

plans to introduce standards of financial disclosures for Environmental, Social and Governance (ESG) criteria for relevant entities at Abu Dhabi Global Market (ADGM), the UAE capital’s financial cente…
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Posted on 20/01/2019

Dubai economic agency seeks to promote Kuwaiti…

The Dubai Department of Economic Development (DED), represented by the Business Registration and Licensing (BRL) sector, and the Kuwait Business Council in Dubai and the Northern Emirates signed a mem…
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Posted on 20/01/2019

UAE Economy Forecast to Grow by 3.8%

New analysis on outlook for UAE and global economies released during recent business seminar at Dubai Chamber • MENA region accounts for the largest share of Dubai’s exports (41%), followed by “Emergi…
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Posted on 20/01/2019

UAE-India bilateral trade to exceed US$100 billion by 2020

where he highlighted the UAE’s appeal as a global business destination. Addressing UAE and Indian businesspeople at the event, he said, “The UAE has become a global hub for entrepreneurship and invest…
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Posted on 20/01/2019

UAE issues guide on foreign business refunds

The UAE’s Federal Tax Authority (FTA) has outlined four conditions that would allow foreign businesses to recover value-added tax (VAT) incurred in the UAE in a new guide published on its official web…
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Posted on 20/01/2019

UAE on track to become the Monaco of the Middle East

The UAE welcomes HNW investors of all religions and business backgrounds as residents. Indeed, Dubai first doubled in size at the start of the twentieth century when merchants from Iran fled surging t…
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Posted on 20/01/2019

Abu Dhabi Fund for Development Finances Renewable Energy Projects Worth $1.18bn

From its inception in 1971 up to December 2018, Abu Dhabi Fund for Development (ADFD), the leading national entity for international development aid, has financed hundreds of development projects in t…
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Posted on 20/01/2019

UAE, Saudi Arabia announce seven joint initiatives

Seven strategic initiatives in the fields of services and financial markets, tourism … The initiatives have hailed by a number of UAE and Saudi ministers as a translation of the integrated vision he…
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Posted on 20/01/2019

Dubai: Doing this simple move on holiday in UAE can get you into trouble

Dubai is a fascinating place with plenty for British holidaymakers to do and see while enjoying the emirate’s year-round sun. However, tourists need to be careful when visiting the UAE as actions and …
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Posted on 20/01/2019

Contest helps Emirati women lead in business

The contest, now in its second year, is aimed at encouraging female Emirati students to explore new business sectors. Organised by global professional services firm Ernst & Young (EY) and its correspo…
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