Dubai: Dubai’s tourism authority announced on Tuesday a new agreement with Chinese internet giant Tencent, during a trip this week to the country. The agreement seeks to promote Dubai as a preferred destination for Chinese travellers. According to a …
( read original story …)
UAE to refund VAT for conferences, events companies
The UAE Cabinet has decided to refund a 5 per cent value added tax for institutions working in the exhibitions and conferences sector. Facilities involved with organising events have the right to refund the tax levied of providing these services …
( read original story …)
Huawei and Dubai Tourism Sign Global Strategic Partnership
The global strategic partnership agreement will further strengthen Huawei’s commitment to promote Dubai as a business and travel destination across the globe through Huawei Mobile Services Huawei has signed a Global Strategic Partnership agreement with …
( read original story …)
Dubai’s Emirates to begin Ramadan menu
Dubai carrier Emirates is set to begin its special Ramadan … The boxes, which can be taken away by customers, will be available to passengers across economy, business and first class on select flights coinciding with iftar times. Read: Ramadan FAQ …
( read original story …)
Dubai ‘open to allowing 100% foreign ownership’ of retail brands
president and CEO Dubai Chamber of Commerce and Industry. Speaking at the launch of the CBRE’s ‘How Global is the Business of Retail?’ report, Buamim said: “Having a local partner brings great benefits but some brands don’t feel they need a …
( read original story …)
ABN Amro to close Dubai office amid thin business for Dutch lender
The Dutch bank ABN Amro is winding down its operations in Dubai and will transfer some of its existing clients in international commodities business to Amsterdam. “The activities in Dubai will be wound down or transferred to other locations because of …
( read original story …)
Revealed: Dubai’s new plan to become global cruise tourism hub
Arabian Business Podcast: What next for the Gulf’s tourism industry? The plan follows the signing of a partnership agreement between Dubai-based Meraas and Carnival Corporation that aims to transform Dubai into a major regional maritime tourism hub.
( read original story …)
Dubai a Preferred Choice for Global Retailers
Buamim said Dubai has right fundamentals in place. “We have had challenges therefore we relaunched retail business group to work together to voice their common issues. We are trying to keep Dubai competitive by keeping international businesses here and …
( read original story …)
United Arab Emirates and the United States conclude civil aviation discussions
Today’s announcement confirms business as usual by validating all of the rights and … agreement including fifth freedom rights remain fully in place, with the UAE and United States airlines free to continue to add and adjust routes and services”, Yousef …
( read original story …)
Business Heads to Dubai
The Dubai Department of Economic Development, DED, has issued 1,848 new business licenses during April 2018 as the emirate remained a destination of choice for investment in diverse business sectors. The ‘Business Map’ digital platform of DED saw …
( read original story …)
Abu Dhabi commits billions to expand its refining capacity
“Given the projected increase in demand for petrochemicals and higher value refined products, we are repositioning ADNOC to become a leading global downstream player,” Ahmed al-Jaber, the CEO of the Abu Dhabi National Oil Co. and the Emirati minister of …
( read original story …)
Dubai tops Arab world in economic performance, study finds
The Dubai Competiveness 2018 report compared the emirates with 63 economies around the world based on 346 different competitiveness indicators. Subscribe to Arabian Business’ newsletter to receive the latest breaking news and business stories in Dubai …
( read original story …)
US and UAE sign agreement to resolve Emirates, Etihad subsidy claims
The United States and United Arab Emirates signed a deal on Friday to resolve US claims that Gulf carriers have received unfair government subsidies, the US State Department said. The voluntary agreement, which applies to Etihad and Emirates airline …
( read original story …)
Expo 2020 Dubai spending to drive growth in Dubai economy, says IMF
In the long term, Tamirisa said that VAT is expected to raise revenues by 1.5 percent of GDP. Subscribe to Arabian Business’ newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox.
( read original story …)
Abu Dhabi Jumps Into Middle East Oil-Refining Rush
Abu Dhabi’s national oil company said Sunday it would spend $45 billion over the next five years to join other giant, state-run petroleum giants, like Saudi Aramco, in refining much of their own crude instead of just exporting it. ADNOC, as the company …
( read original story …)
Dubai Department of Economic Development ‘Business Map’ records 1,848 new trade licenses in April
The Dubai Department of Economic Development (DED) issued 1,848 new business licenses during April 2018 as the emirate remained a destination of choice for investment in diverse business sectors. The ‘Business Map’ digital platform of DED saw 26,498 …
( read original story …)
DED ‘Business Map’ Records 1,848 New Trade Licenses in April
Overall 26,498 BRL transactions, including 12,670 related to license renewals 3,778 Auto Renewal transactions and 117 related to e-Trader licenses also recorded The Dubai Department of Economic Development (DED) issued 1,848 new business licenses during …
( read original story …)