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Month: February 2022

Posted on 01/02/2022

GCC members, officials strongly condemn latest Iran-backed Houthi attack on Abu Dhabi

In a meeting between Abu Dhabi Crown Prince Sheikh Mohamed bin Zayed Al Nahyan and David Hurley, Governor-General of Australia, the Australian diplomat also condemned the attempted attacks.

Posted on 01/02/2022

Where to celebrate Chinese New Year in Dubai and Abu Dhabi

Chinese New Year is coming up, which means restaurants around the UAE will be celebrating the Year of the Tiger with delicious feasts.Whether it’s buffet selections, set menus or family-style meals, …

Posted on 01/02/2022

Moody’s Says New UAE Tax is Credit Negative for Companies

The UAE’s plan to introduce a corporate tax will broaden the government’s income base but negatively affect the credit profiles of companies operating in the Middle East business hub, Moody’s …

Posted on 01/02/2022

Expo 2020 Dubai visitor numbers exceed 11 million as school visits resume

Expo 2020 Dubai’s visitor numbers have reached more than 11 million, organisers said on Tuesday. With 58 days left — or eight weekends — before Expo 2020 closes, the world’s fair has recorded …

Posted on 01/02/2022

Dubai Financial Market operator reports AED103.8m net profit for 2021

Dubai Financial Market Company (DFM), the firm which oversees the Dubai stock exchange, saw its net profit drop from AED137.9million in 2020 to AED103.8m in 2021, while the DFM Index saw its best …

Posted on 01/02/2022

Dubai: Two jailed for detaining, assaulting job seekers

The Dubai Criminal Court sentenced two gang members to three months imprisonment followed by deportation. The Court found the accused guilty of luring job seekers through fake Social Media …

Posted on 01/02/2022

Dubai Financial Market Company posts Dhs103.8m net profit for 2021, dipping 24.7% y-o-y

Dubai Financial Market Company has posted a net profit of Dhs103.8m for the financial year ending December 31, 2021, compared to Dhs137.9m in 2020. Total revenues reached Dhs294.6m comprising Dhs213m …

Posted on 01/02/2022

Expo 2020 Dubai: 60 days left till end of world’s greatest show

As on January 25, Expo 2020 Dubai had recorded nearly 11 million visits. “Across the Expo 2020 Dubai site, which is four times the size of Dubai Mall and spans the area of 613 football pitches, …

Posted on 01/02/2022

Seven Tides sees big demand for Palm Dubai penthouse units

UAE-headquartered upscale residential, hospitality and commercial property developer Seven Tides has announced only a few luxurious penthouse apartments remain within its Anantara The Palm Dubai …

Posted on 01/02/2022

UAE Finance Ministry to introduce federal corporate tax on business profits

Abu Dhabi, Feb. 1 (BNA): The Ministry of Finance has announced that the UAE will introduce a federal corporate tax on business profits that will be effective for financial years starting on or after …
( read original story …)


Posted on 01/02/2022

New UAE corporate tax: Top 10 questions answered

The UAE’s Ministry of Finance on Monday announced a federal corporate tax on business profits from June 1, 2023. Below are the top ten queries raised by businesses in the country: All activities …
( read original story …)


Posted on 01/02/2022

Dubai restaurant owner shares full day’s profit with staff to celebrate Lunar New Year 2022

The restaurant’s four branches are located at – Jumeriah Lake Towers, Downtown Dubai, Nakheel Mall and Time Out Market Dubai. “About 40 of the staff, including chefs, working at the restaurant chain …
( read original story …)


Posted on 01/02/2022

Dubai Silicon Oasis And India Innovation Hub Partner With EaseMyTrip And HSBC To Support Tech-startups

Dubai Silicon Oasis (DSO) and India Innovation Hub have announced a partnership with EaseMyTrip and HSBC to facilitate 200 Indian startups Dubai Silicon Oasis (DSO) and India Innovation Hub have …

Posted on 01/02/2022

In pictures: Sheikha Mahra Al Maktoum supports local designers at Dubai event

With a wealth of talent and creativity emerging out of Dubai, it’s always incredible to see the local industry being recognised for its achievements. Her Highness Sheikha Mahra bint Mohammed bin …

Posted on 01/02/2022

Dubai Investments’ 2021 net profit surges on higher revenue

Dubai Investments, a diversified holding company, reported a 78 per cent surge in its 2021 net profit as revenue rose on the back of an improved performance by its business units. Total net profit …

Posted on 01/02/2022

How UAE’s new Cybercrime Law protects children from online pornography

New article to protect children from people luring them to share pornographic materials Dubai: The recent amendments in the UAE Cybercrime Law include tough new measures to combat child pornography.
( read original story …)


Posted on 01/02/2022

UAE’s dnata invests over EUR200m to operate cargo facility at Schiphol airport

UAE’s dnata has invested over EUR200m in a … will be developed by Schiphol Commercial Real Estate and equipped with technology by Lödige Industries. The project is Schiphol Real Estate …
( read original story …)


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