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Category: BUSINESS

Posted on 15/02/2023

UAE: Travellers must declare cash, valuables exceeding Dhs60,000

Passengers arriving into the UAE or travelling outside of it must declare their possessions, in cash or kind, should they surpass Dhs60,000 in value, or an equivalent amount in any other currency. The …

Posted on 15/02/2023

Abu Dhabi Customs Enables Digital Customs Inspections with Accela

Accela ®, the trusted provider of cloud solutions at the heart of government operations, released new insight into how Abu Dhabi Customs – General Administration of Customs – Abu Dhabi’s …

Posted on 15/02/2023

UAE’s ADNOC Delivers First LNG to German Floating LNG Terminal

German utility RWE’s trading arm received its first cargo of liquefied natural gas (LNG) at Brunsbuettel port from Abu Dhabi National Oil Company (ADNOC … without Russian gas also includes increased …

Posted on 15/02/2023

Abu Dhabi launches ‘Hub71+ Digital Assets’ with $2b funding for Web3 startups

Hub71+ Digital Assets’ is focused on unleashing the disruptive potential of Web3 and the growth of digital assets. “Hub71+ Digital Assets signifies that Abu Dhabi is open to disruptive businesses …

Posted on 15/02/2023

Emirate of Sharjah tightens guidance for dollar sustainable bonds – document

Feb – The government of Sharjah, one of the seven United Arab Emirates, has tightened guidance for a sale of nine-year sustainable bonds denominated in U.S. dollars by 25 basis points, a document on …

Posted on 15/02/2023

Travelling to or from the UAE? It’s now easier to declare your valuables

Doesn’t sound too shabby to us. Afseh: Dubai International Airport It comes as the UAE’s Federal Authority Identity, Nationality, Customs and Ports Security (ICP) has called on all travellers to and …

Posted on 15/02/2023

Wedding, business plans after Dh100,000 win in Mahzooz draw in UAE

The 49-year-old father of two who works at a gas plant in Oman, received a phone call from his daughter in Dubai informing him of his win … Gyan plans to use his windfall to start his own business …

Posted on 15/02/2023

Dubai Announces the Opening of its First Virtual Shopping Center

The first virtual mall in Dubai, The Mall of the Metaverse will represent Majid Al Futtaim in Decentraland, one of the most progressive metaverse platforms.The Mall of the Metaverse will open to …

Posted on 15/02/2023

UAE travellers must declare cash, valuables over AED60,000 at all ports

The Federal Authority for Identity, Nationality, Customs and Ports Security (ICP) has called on all travellers to and from the UAE to disclose their possession of cash and valuables, in case it …

Posted on 15/02/2023

Possessions over Dhs60,000 must be declared by UAE travellers at all ports

In accordance with the UAE’s disclosure system for cash … The disclosure system determines the penalties for those who fail to abide by the rules, whereby a customs fine is imposed in accordance …

Posted on 15/02/2023

What Travelers in the UAE Must do if Assets Exceed Dh 60K

Any traveler carrying more than Dh60,000, or an equal amount in any other money, financial assets, precious metal, or gemstones, must report it to customs officers while entering or leaving the UAE.No …

Posted on 15/02/2023

‘Mall of the Metaverse’: Dubai announces first virtual shopping centre

Inside the mall, customers’ avatars will find Carrefour, VOX Cinemas, THAT Concept Store, Ghawali and Samsung Store, among others …

Posted on 15/02/2023

Dubai retailer announces Mall of the Metaverse virtual shopping centre

Dubai’s Majid Al Futtaim will open a virtual mall with Carrefour, Vox and Samsung spaces Dubai retailer announces Mall of the Metaverse virtual shopping centre Majid Al Futtaim, Metaverse, shopping ma …

Posted on 14/02/2023

UAE: All passengers must declare currencies, assets, jewellery valued over Dh60,000

All passengers travelling into or out of the UAE with more than Dh60,000, or an equivalent amount in any other currency, financial assets, precious metal or stones, must declare it to customs officers …

Posted on 14/02/2023

Dubai’s Emaar Properties posts 80% surge in 2022 profit on record sales

Emaar Properties, Dubai’s largest listed developer, has reported that its 2022 net profit rose 80 per cent on record real estate sales across its portfolio.Net profit attributable to equity owners of …

Posted on 14/02/2023

Soaring Russian oil imports hit India’s rupee trade plans with the country

New Delhi’s imports from Russia in eight months to November were almost … “Refiners would rather pay in the UAE dirham which is pegged to the dollar,” the BPCL executive said. Spokespersons for …

Posted on 14/02/2023

Mena Fintech Association launches Future of Finance Vertical

Dubai, UAE – The Mena Fintech Association (MFTA) is proud to announce the launch of its highly anticipated Future of Finance (FoF) vertical, aimed at shaping the future of the financial industry in …

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