UAE is all set for VAT implementation starting next year

Meanwhile the UAE Ministry of Finance has put out some information on various aspects of VAT including its definition and who should be getting ready for the implementation at its website. (All information used in this report are from official sources. ( read original story ...)

Cost Cutting Drives Profit Growth at Abu Dhabi

A 7.7 per cent increase in total revenue was converted to a 29.4 per cent increase in profit per room at hotels in Abu Dhabi this month as hoteliers successfully slashed costs, according to the latest data from HotStats. It was a mixed performance for ... ( read original story ...)

Gold Update: Price in Dubai touches Dh143

Gold prices hit one-week highs on Tuesday, buoyed by a weaker dollar on tepid economic data from the United States, pushing up Dubai gold prices to Dh143 ... a little more bullish about the outlook." Hedge funds and money managers raised their net long ... ( read original story ...)

Qianhai is no match for Hong Kong, let alone Greenwich

The concept follows the American model of Greenwich in Connecticut, which was established as a hub for hedge funds and financial services firms ... There is always the Dubai technique, however. Offer your target banker a sum of US$100 million to manage ... ( read original story ...)

PRECIOUS-Gold edges lower on stronger dollar

The Dubai Gold and Commodities Exchange (DGCX ... said its holdings fell 0.03 percent to 836.49 tonnes on Friday from 836.77 tonnes on Thursday. * Hedge funds and money managers upped their net long position in COMEX gold for the third straight week ... ( read original story ...)