Technical bids for at least three EPC packages linked to expansion of Adnoc’s Upper Zakum oilfield are likely to be submitted in September …
Western Marine delivers two tugboats to UAE buyer
Leading shipbuilder Western Marine Shipyard Limited delivered two high-powered tugboats to a buyer in the United Arab Emirates (UAE) yesterday.
Nothing Phone (3) launches in UAE: Fans flock to Dubai Mall for early access
The British tech company’s initiative awarded loyal users and first-time buyers with exclusive deals, limited bundles …
UAE traffic alert: Partial road closure on key Abu Dhabi street from July 18 to 21
The transport authority had earlier announced the upcoming implementation of the Variable Speed Limit Sign System on Sheikh Zayed bin Sultan Street soon.
UAE announces deduction of tax depreciation on fair-valued investment property for firms
The tax depreciation deduction available will be the lower of the tax written down value of the investment property or four per cent of the original cost of investment property.
UAE: Ministry of Finance issues Ministerial Decision on Depreciation Adjustments for Investment Properties held at Fair Value
Under this decision, taxpayers (who elect for the realisation basis) can elect to deduct depreciation from their taxable income (hereafter known as ‘tax depreciation’) for investment properties that a …
Dubai Chambers launches Dubai Hub London
Dubai Chambers has announced the launch of Dubai Hub London, its first international centre, designed to offer integrated government and private sector …
Emirates has a budget airline and it’s rolling out new business class seats
EMIRATES has a budget airline most people don’t know about – and it is launching new business class seats flydubai connects Dubai with destinations around Europe, Africa and Southeast …
Dubai real estate: PRYPCO Mint tokenises $2.5m of property in first month
Licensed by VARA and partnered with the Dubai Land Department, PRYPCO Mint is transforming real estate investing through government-backed property tokenisation …
Get free ice cream at Dubai Festival City Mall this weekend
Dubai Festival City Mall is giving away thousands of free ice cream scoops this weekend to celebrate International Ice Cream Day …
How an AI-Led fintech is empowering UAE SMEs with financial clarity
Fintech holds transformative potential for SME growth in the UAE — especially in a landscape where traditional financial systems often fall short.
UAE announces new tax benefits for fair value investment properties
UAE taxpayers who elect for the realisation basis can now deduct depreciation from their taxable income for investment properties maintained on a fair value basis …
Why Dubai and Bahrain’s luxury Islands are the new playground for India’s billionaires
Ultra-wealthy Indians are quietly acquiring private island properties in Dubai and Bahrain, drawn by freehold ownership, lifestyle privacy, and capital growth. Multi-million-dollar villas and plots in …
Framatome to supply nuclear fuel to UAE’s Barakah plant
Framatome and the Emirates Nuclear Energy Company have signed an agreement for the supply of nuclear fuel assemblies and engineering services for the Barakah nuclear power plant in the United Arab …
Beam Global and Platinum Group Leadership Attend Formal Signing Ceremony in Abu Dhabi to Create Beam Middle East LLC
Beam Global, (Nasdaq: BEEM), a leading provider of innovative and sustainable infrastructure solutions for the electrification of transportation and energy security, today announced that management …
UAE business leaders give AI green light for high-stakes business decisions
Business leaders and management executives in the UAE are showing unprecedented levels of trust in artificial intelligence (AI), with a significant majority expressing confidence in fully automated …
Dubai expands financial literacy drive to 75,000 students with young investor program
New phase of the Young Investor Program launched by KFE and National Bonds targets 50 private schools as part of Dubai’s Education Strategy 2033 Dubai is educating students in the importance of …