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Month: January 2022

Posted on 31/01/2022

Abu Dhabi teams up with Mauritius to boost trade

The Abu Dhabi Chamber of Commerce and Industry has partnered with the Economic Development Board of Mauritius to boost economic and trade relations between the UAE and the island nation. The pact aims …
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Posted on 31/01/2022

Investments triumph: Dubai attracts $4.3bln in FDI in nine months

Dubai attracted nearly 15.9 billion ($4.3 billion) in foreign direct investment (FDI) from 378 projects in the first nine months of 2021, official data showed. “Dubai has continued to introduce and …
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Posted on 31/01/2022

Herzog’s business as usual in Dubai after Houthi attack shows solidarity – analysis

President Isaac Herzog’s visit to Dubai on Monday went exactly as planned. He opened Israel’s national day at Expo 2020 with an honor guard, and “Hatikvah” played in the expo’s central plaza. Herzog …
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Posted on 31/01/2022

Manyavar-owner Vedant Fashions IPO: What GMP signals as issue opens for subscription this week

Vedant Fashions Ltd, which owns ethnic wear brand Manyavar, will launch its ₹ 3,149-crore initial public offering (IPO) this week on Friday, February 4, 2022. The price band has been fixed at ₹ …
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Posted on 31/01/2022

Tax ‘haven’ UAE to impose corporate taxes for the first time in its history

For the first time, the UAE is introducing a corporate tax rate — a shift for the Middle East country that’s known for attracting some of the world’s largest corporations because of its long-held …

Posted on 31/01/2022

UAE to introduce corporate tax rate from 2023

The United Arab Emirates is to introduce a 9 per cent corporate tax rate as the Gulf monarchy tries to modernise its economy and adapt to international norms. The UAE’s tax-free status has long …

Posted on 31/01/2022

Power Knot Collaborates with Microsoft to Create the First Solar Powered Biodigester

Power Knot LLC, the market leader for onsite organic waste management solutions, announced today that Dubai Creative Group and Power Knot have collaborated with Microsoft Dubai to create the first …
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Posted on 31/01/2022

UAE govt to charge corporate tax on business profits from June 2023

UAE, known as a tax haven and the regional headquarters for many multinational corporations, will tax business profits of over 3,75,000 dirhams (approximately ₹76.18 lakh) at 9% from June 2023. The …
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Posted on 31/01/2022

UAE to launch first federal corporate tax on business profits from June 2023

The United Arab Emirates (UAE) on Monday said it would introduce a federal corporate tax on business profits for the first time starting from June 1, 2023, although it kept the rate low, at 9 percent, …
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Posted on 31/01/2022

Dubai Chamber of Digital Economy aims to attract 300 digital startups in two years

Among the key objectives of the new strategy is to attract 300 digital startups to Dubai within two years; propose improvements and changes to laws and policies that would support …
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Posted on 31/01/2022

‘Sharjah Shopping Promotions’ ends after attracting 40% more shoppers

Sales and profits grew for retail and other business sectors, organiser SCCI says Sharjah: The 48-day ‘Sharjah Shopping Promotions’ concluded on Monday with a 40 per cent rise in the number of …

Posted on 31/01/2022

Sharjah Shopping Promotions’ drive zooms

The Sharjah Chamber of Commerce and Industry (SCCI) has concluded another successful season of the 48-day “Sharjah Shopping Promotions” campaign, …

Posted on 31/01/2022

At Abu Dhabi Grand Mosque, Herzog says region has a choice: Peace or Iranian terror

President concludes historic trip to UAE with tour of landmark house of worship, says visit shows potential of ‘great future’ ahead …

Posted on 31/01/2022

Houthi terror attack: Pakistani expat survivor recalls ‘unimaginable’ day, vows to keep working in Abu Dhabi

The 33-year-old driver was among the six people injured in the explosions of ADNOC’s petroleum tankers in Mussafah on January 17 …

Posted on 31/01/2022

COVID-19: How Abu Dhabi protected mental health of older residents

A recent research paper by the Department of Community Development (DCD) in Abu Dhabi has revealed that the emirate fared relatively well in tackling the impact of COVID-19 on the mental and physical …

Posted on 31/01/2022

Dubai: Over 80 students memorise the Quran at Maktoum centres in 2021

Dubai: More than 80 students memorised the Quran in 2021 at Maktoum Holy Quran Memorisation Centres, which are supervised by Islamic Affairs and Charitable Activities Department in Dubai (IACAD), it …

Posted on 31/01/2022

Expo 2020 Dubai: Sheikh Mohammed meets Prime Minister of Somalia

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, today met with Mohamed Hussein Roble, Prime Minister of the Republic of Somalia, at …

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