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 ... ( read original story ...)
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 ... ( read original story ...)
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 ... ( read original story ...)
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 ₹ ... ( read original story ...)
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 ...
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 ...
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 ... ( read original story ...)
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 ... ( read original story ...)
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, ... ( read original story ...)
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 ... ( read original story ...)