The decision applies to certain assets and liabilities, such as immovable property, intangible assets, financial assets, and financial liabilities, held by businesses before the Corporate Tax Law …
UAE announces new corporate tax rules to support companies’ transition once law takes effect in June
The UAE’s Ministry of Finance (MoF) on Friday announced a new decision specifying corporate tax rules that aim to ease companies’ transition period In an advisory, the authority said these …
UAE Ministry of Finance issues decision on transitional rules for corporate tax
The aim is to ease the process of determining the opening balance sheet, ensuring a fair and transparent approach …
Sri Lankan expat dies in Abu Dhabi hotel fire
A Sri Lanka woman was among the six people who died in a fire that broke out at a hotel in Bani Yas in Abu Dhabi. General Manager of – Get the latest breaking news and top stories from Sri Lanka, the …
UAE, Poland discuss ways of enhancing financial and economic cooperation
The meeting sought to discuss current economic developments and future prospects, as well as ways of enhancing financial and economic cooperation between the UAE and Poland. Al Hussaini emphasised the …
Renault Trucks, Al Masaood, and Tadweer launch the first 100% electric waste truck in the UAE
The truck was manufactured by Renault Trucks, under the dealership of Al Masaood, following the signing of an MoU between Tadweer and Al Masaood during the EcoWaste Exhibition and Conference Abu Dhabi …
Doctors in Dubai to be offered special training to cope with extreme environments
The global network of doctors who work in dangerous places is set to be expanded through a new training programme for health professionals in Dubai. The World Extreme Medicine programme teaches …
Dubai real estate: Experts argue whether property prices can continue to rise
Allsopp & Allsopp said in a report last week that Dubai property market sales fell for the first time in April 2023, since December 2022, apparently causing a flutter in the market Dubai real estate: …
Dubai real estate market to reach $81bn in 2023
A 62% increase in the number of high-net-worth individuals (HNWIs) living in Dubai from 2012 to 2022 has placed the city’s real estate market on a trajectory to achieve US $81.69bn in sales this year, …
UAE’S TECHNOLOGY INNOVATION INSTITUTE UNVEILS OPEN-SOURCE LARGE LANGUAGE MODEL
The Technology Innovation Institute (TII) announced that “Falcon 40B”, the United Arab Emirates (UAE)’s first large-scale AI model, is now open source for research and commercial use, will strengthen …
Who is the Irish man sanctioned for allegedly facilitating movement of Russian money?
An Irish man recently sanctioned for allegedly facilitating the movement of money out of Russia, following the invasion of Ukraine, previously worked for an Irish corporate services company linked to …
Abu Dhabi Police’s smart helmet wins invention accolade in Geneva
The helmet analyses brain signals and concentration patterns and uses AI algorithms to improve the focus levels of officers Abu Dhabi Police’s smart helmet wins invention accolade in Geneva Abu Dhabi …
Inside Al Nawras Island: What Hilton’s ultra-luxury Abu Dhabi project will look like
Al Nawras Island will be part of Hilton’s LXR Collection, expected to open this year. Inside Al Nawras Island: What Hilton’s ultra-luxury Abu Dhabi project will look like. abu dhabi hotels, al nawras, …
Mediclinic Abu Dhabi Annual Cancer Conference to be held Saturday
ABU DHABI, 26th May, 2023 (WAM) — The Mediclinic Abu Dhabi Annual Cancer Conference will be held on Saturday under the patronage of Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance and …
ADNOC L&S draws record-breaking IPO subscription of $125 billion
ADNOC Logistics and Shipping Services’ initial public offering (IPO) of received unprecedented attraction from investors across the world, making it the most sought-after issue of the year.. ADNOC L&S …
Dubai Watchdog Warns on Risks of Crypto’s Global Regulatory Gaps
Dubai’s financial regulator warned that global watchdogs need to step up talks with each other to avoid “bad actors” exploiting gaps in crypto rules, according to an official.
Google AI to be Used to Improve Traffic Flow in Abu Dhabi
Tech giant Google is collaborating with Abu Dhabi’s transport authority to utilize artificial intelligence (AI) initiatives and machine learning to decrease stop-and-go traffic. The US-based company s …