The Abu Dhabi Executive Committee has approved a proposal to reduce … while municipality fees have been cut from 4 per cent to 2 per cent, official news agency WAM reported. The Committee also approved a proposal to reduce municipality fees for hotel …
( read original story …)
Hyatt Announces Plans for Andaz Capital Gate Abu Dhabi, Will Mark the Andaz Brand’s Entry into the Middle East
The hotel is owned by Abu Dhabi National Exhibitions Company (ADNEC) and is expected to be rebranded in late 2018. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180610005017/en/ The word andaz …
( read original story …)
Abu Dhabi orders over $1b in housing loans to be distributed to citizens
According to the UAE’s state-run WAM news agency, the loans mark the first phase of an … for citizens to buy ready houses in various parts of Abu Dhabi. Additionally, Sheikh Mohamed sanctioned projects to build government houses in several parts …
( read original story …)
Abu Dhabi Crown Prince holds meeting with Yemen’s President Hadi
Abu Dhabi Crown Prince Mohammed bin Zayed al-Nahyan received President … ways to enhance bilateral ties as well as current developments in Yemen, the UAE’s news agency Wam reported. “Sheikh Mohammed reiterated that thanks to the gallantry and …
( read original story …)
Abu Dhabi to allow alcohol sales during Islamic holidays
Read: Abu Dhabi to introduce 30% alcohol tax Tourism fees in the UAE capital have also been reduced from 6 per cent to 3.5 per cent, while municipality fees have been cut from 4 per cent to 2 per cent, official news agency WAM reported on Tuesday.
( read original story …)
Abu Dhabi approves cuts to tourism fees
The Abu Dhabi Executive Committee has approved a proposal to reduce … chairman of the Committee, reported Emirates news agency Wam. The Committee also sanctioned a proposal to reduce municipality fees for hotel rooms from Dh15 ($4) to Dh10 ($2.7) per …
( read original story …)
Dubai Islamic Bank : DIB capital raising piques investor interest
The nearly three times subscribed issuance generates more than 50 per cent interest from foreign institutional investors Dubai Islamic Bank, the largest Islamic bank in the UAE announced a highly successful closing to the banks capital raising. The …
( read original story …)
UAE’s NBF looks to set up debt programme to fund growth plans
The National Bank of Fujairah, which counts the emirate’s government and Investment Corporation of Dubai among its shareholders, plans to set up a debt programme and regularly tap international capital markets from next year to fund future growth.
( read original story …)
UAE announces new visa rules for residents, jobseekers and tourists
The UAE is among the ten most competitive countries in the world and our goal is to remain a top destination for ease of doing business, through an agile economy based on flexibility and openness. A strong economy drives us as a nation to be among the …
( read original story …)
The UAE’s new arbitration law: How will it impact investors?
Moreover, the UAE will send a clear message to the business world that it has the legal and regulatory framework to support the positive investment environment. However, as in any legal system, uncertainties always remain when a new law is introduced.
( read original story …)
Dubai offers tourism pass discount
Dubai is offering a 15 per cent discount on a new pass allowing tourists to visit key attractions for a fixed price in partnership with ride firm Uber. The discount is available from June 14 until July 12 and will apply to both the pass itself and six Uber …
( read original story …)
UAE- How new technology disrupts outsourcing
(MENAFN – Khaleej Times) In today’s digitalised world, where excellence is based on the ability of an organisation to achieve targets on a minute scale, there is growing evidence to suggest that outsourcing essential services is the way to go. Although …
( read original story …)
RAK Bank to offer Sage VAT accounting software to business customers
Through this partnership, RAK Bank’s business customers can benefit from Sage accounting software at preferential rates. This will enable the bank’s customers to manage their valued-added tax (VAT) compliance requirements. RAK Bank is one of the UAE …
( read original story …)
Dubai Crown Prince announces cut to restaurant and hotel fees
To enhance the attractiveness of Dubai as an investment destination to potential investors and to reduce the cost of doing business, Sheikh Hamdan bin Mohammed, the Crown Prince of Dubai, has ordered the municipality fees for restaurants from 10 percent …
( read original story …)
UAE Cabinet approves new labour insurance system to replace bank guarantees for workers
Sheikh Mohammed said the new legislation will support the UAE’s goal of remaining in the the highest global rankings in the ease of doing business, through an attractive economy based on flexibility, openness and in line with changing trends. #UAE cabinet …
( read original story …)
How new technology disrupts outsourcing
For instance, there is the growing worldwide adoption of innovative technologies, such as augmented reality, virtual reality, blockchain, artificial intelligence (AI) and machine learning. In the UAE, the uptake of these technologies is driven by the …
( read original story …)
Abu Dhabi to more than double expat rent tax for some tenants
The increase comes at a bad time for landlords with Abu Dhabi rents and property prices already under pressure over the last year and a half due to the depressed job market and new supply. A first quarter report by real estate firm Asteco showed apartment …
( read original story …)