Abu Dhabi National Oil Co on Friday set the final price for Adnoc Gas’ IPO at 2.37 dirhams per share, valuing the company at about $50 billion. Adnoc Gas will raise roughly $2.5 billion out of an …
Jeremy Hunt ‘poised’ to U-turn on energy bill support; oil falls on reports UAE considering leaving Opec – business live
Britain’s energy suppliers have been told by officials to prepare two sets of bills for next month, with Treasury expected to maintain support for longer …
Oil prices down after report on UAE debating OPEC exit
Oil prices slumped on Friday after the Wall Street Journal reported that the United Arab Emirates had an internal debate about leaving OPEC and pumping more oil, but retraced some losses after a …
Super Saturday in Dubai, 3 big Kentucky Derby preps mark weekend horse racing
Super Saturday in Dubai and three big Kentucky Derby prep races across the United States are the features of a big weekend of Thoroughbred horse racing.
Art Dubai is courting artists from the Global South
For Ali and Khimji, both of whom incorporate post-colonial theory in their work, exhibiting at the festival is a statement of reclaiming a space in a Eurocentric and often elitist art world.
Dubai records AED11.5 billion in weekly real estate transactions
DUBAI, 3rd March, 2023 (WAM) –A total of 3,397 real estate and property transactions were conducted during the week ending on 3rd March 2023, valued at AED 11.5 billion, according to data released by …
Abu Dhabi real estate: $21.1bn property deals in 2022, new investment areas announced
Abu Dhabi real estate. Yas Island, AED4.2bn; Al Reem Island, AED3.4bn; Saadiyat Island, AED3.1bn; Al Shamkha, AED2.1bn; Zayed City, AED1bn. The real estate market in Abu Dhabi saw …
Dubai real estate: $3.1bn of property sales this week
Dubai saw 3,397 transactions and $3.1bn change hands this week Dubai real estate: $3.1bn of property sales this week Dubai, Dubai Land Department, Dubai real estate, Real Estate Real Estate …
Dubai suspends new customs duty on international goods above Dh300
Dubai has decided to suspend a new customs duty on goods bought internationally with a value of more than Dh300. In an email sent out by Dubai Customs, it has been announced that the previous …
Dubai slashes tax for online shoppers
Dubai Customs raises threshold at which duty must be paid on international purchases entering the country Dubai slashes tax for online shoppers Amazon, Dubai Customs, Online shopping, Taxation Retail …
Dubai slashes tax on overseas parcels
A tax threshold on parcels brought in earlier this year has been suspended – and the earlier limit reintroduced. You might also like: The top 10 best places to shop in Dubai It means you’ll have to …
Abu Dhabi records Dhs77.6bn in real estate transactions in 2022
The emirate’s real estate sector recorded 9,010 sales transactions valued at Dhs23.5bn and 10,023 mortgage transactions worth Dhs54.1bn.
ADNOC Gas IPO raises $2.5bn, attracts $124bn in demand
ADNOC Gas increased the number of ordinary shares offered in the IPO to 3.8 billion on Monday, implying market capitalisation of Dhs182bn …
UAE residents want to use company bonus for property, debts, education
Majority of employees in the UAE plan to utilise annual bonus for investments UAE residents want to use company bonus for property, debts, education bonus, UAE, UAE residents, YouGov Survey, Zurich In …
UAE ranks in top 10 of Global Soft Power Index for first time in history
The Gulf country, which was ranked 15 last year, rose to occupy the 10th slot this year UAE ranks in top 10 of Global Soft Power Index for first time in history Brand Finance, Global Soft Power Index, …
Emirates Financial Institute employs 1,200 UAE citizens in financial sector, supports emiratisation programme
Sheikh Mansour lauds the role of the Emirates Financial Institute in supporting and qualifying national cadres Emirates Financial Institute employs 1,200 UAE citizens in financial sector, supports …
Abu Dhabi records Dh77.6 billion in real estate transactions in 2022
Abu Dhabi’s real estate market recorded 19,033 transactions, reaching a total value of Dh77.6 billion in 2022, data from the Department of Municipalities a..