Abu Dhabi Airports Free Zone (ADAFZ) is a 100 per cent foreign ownership, tax-free business environment with a 0% import/re-export tax duty haven. The zone was established in 2012 as part of the …
Relocation to Dubai: How to Start Business in Dubai Quickly and Move Here Quickly
The United Arab Emirates is quickly turning into an increasingly popular destination for business people from across the globe. The outside investments are increasing every year. This is because Dubai …
Abu Dhabi’s ADNOC Drilling purchases three offshore jack-up rigs for $320m
The cost of the acquisition is part of the company’s three-year guidance on capital expenditure and its strategic growth plans.
UAE-India travel: No more Air Suvidha registration for passengers
India on Monday announced it would discontinue the self declaration of Covid-19 vaccination through its Air Suvidha portal from November
37.9% of industrial computers in the UAE were targeted in 2022
From January to September 2022, various types of malicious objects were blocked on 37.9% of ICS computers in the UAE, according to Kaspersky ICS CERT statistics. From January to September 2022, various types of malicious objects were blocked on 37.9% of …
UAE Foreign Minister to meet External Affairs Minister Jaishankar during visit
India and the UAE signed a landmark Comprehensive Economic Partnership Agreement (CEPA) on February 18. The agreement entered into force on May 1. Subsequently, Prime Minister Narendra Modi visited Abu Dhabi on June 28 on his way back home from Europe,
Coronavirus: UAE reports 206 Covid-19 cases, 213 recoveries, no deaths
The UAE Ministry of Health and Prevention on Monday reported 206 cases of the Covid-19 coronavirus, along with 213 recoveries and no
Dubai Police honour Indian expat for tackling, pinning robber and foiling his bid to steal Dhs2.7m
A delegation of Dubai Police senior officers surprised Keshur Kara Chavada Karu Ghela, an Indian national, at his workplace to honour him for his brave act in foiling a criminal’s attempt to rob a …
Dubai Police showcase Innovative Search & Rescue Solutions in Abu Dhabi’s exhibition
As part of their participation in the International Search & Rescue Conference & Exhibition, the Dubai Police are showcasing their latest papers and innovative solutions that are designed for search …
Dubai property deals hit $419mln on Monday
Buyers continued to flock to Dubai’s property market, with real estate deals reaching AED1.54 billion ($419.3 million) on Monday, data from the Dubai Land Department (DLD) showed. Total sales stood at …
Dubai real estate remains rare bright spot amid global economic doom
In the third quarter of 2022, Dubai’s real estate market witnessed the highest performance for a quarter in 12 years.
Saudi Arabia’s state fund hires banks for IPO of ADES, sources say
Saudi Arabia’s sovereign wealth fund is planning an initial public offering (IPO) of oil and gas drilling firm ADES International in Riyadh next year that could fetch more than $1 billion, according …
Dubai bourse DFM launches new general index
New methodology caps threshold of DFM index individual constituent at 10% instead of 20% The Dubai Financial Market (DFM) has launched a new general index which provides market participants with …
Dubai Islamic Bank joins forces with Al Ramz Corporation for brokerage service
Dubai Islamic Bank has entered into a strategic alliance with Al Ramz Corporation to offer its clients access to specialised and diversified capital markets services. Under the arrangement, Al Ramz …
Sharjah ruler clears debts of AED76 million for 134 citizens
Sheikh Sultan bin Muhammad Al Qasimi directed SDSC to approve the amount of AED76,755,000 to be paid off Sharjah ruler clears debts of AED76 million for 134 citizens debt repayment, Ruler of Sharjah, …
UAE government discusses future of digital economic relations with U.S.
Al Olama said that the collaboration with the USA reflects the UAE’s global message on the importance of promoting partnerships and joint initiatives between the governments …
UAE: 50% discount on traffic fines announced in third emirate
The Fujairah Police have announced a 50 per cent discount on traffic fines as part of the country’s 51st National Day …