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Category: BUSINESS

Posted on 09/12/2024

UAE to introduce new 15% tax on large multinational companies

The UAE will impose a new tax on large companies in the country as part of changes to its corporate tax law. Under the domestic minimum top-up tax (DMTT), large multinational enterprises will pay a …

Posted on 09/12/2024

UAE to introduce new 15% tax on large multinational companies

The UAE will impose a new tax on large companies in the country as part of changes to its corporate tax law. Under the domestic minimum top-up tax (DMTT), large multinational enterprises will pay a …

Posted on 09/12/2024

WHERE TO ENJOY ALFRESCO ALL-YOU-CAN-EAT MUSSELS AND FRIES IN DUBAI

The mussels are served in three different sauces and we picked the two that are most popular-creamy and tomato. While we waited for our order, the warm bread with butter kept us occupied. It didn’t …

Posted on 09/12/2024

UAE-India Founders’ Retreat: Paving the Way for New Start-Up Opportunities

The UAE-India Founders’ Retreat (Dec 6-8, 2024) united top Indian start-up founders with UAE investors and leaders to foster investment, innovation, and cross-border partnerships.

Posted on 09/12/2024

Union fury as Rosebank oil field’s main offshore vessel being built in Dubai

Trade union chiefs including the RMT’s Mick Lynch and the STUC’s Roz Foyer said it was a ‘shocking betrayal of Scotland’s workers’.

Posted on 09/12/2024

Toto Wolff: Lewis Hamilton could’ve fought for Abu Dhabi F1 win without Q1 exit

Mercedes boss Toto Wolff believes Lewis Hamilton held the pace to challenge for the win in the Formula 1 Abu Dhabi Grand Prix had he started higher up on the grid. Hamilton starred on his last appearance with Mercedes as he produced a superb drive at the Yas Marina Circuit to recover 12 places to come home in fourth position.

Posted on 09/12/2024

Revealed: Demand for industrial real estate hitting sky high in Dubai amidst influx of companies seeking entry, expansion

The demand surge is driving up real estate prices and commercial rents, threatening to push up capital and operational costs for setting up industries and operating manufacturing facilities in the emi …

Posted on 09/12/2024

ADFW 2024: Abu Dhabi’s position as ‘the capital of capital’ is luring global bankers to fuel growth

ADDED also launched the Abu Dhabi Trade Information Portal (TIP), a solution to facilitate import, export and re-export procedures that was described as a “digital-first approach to global trade” by …

Posted on 09/12/2024

Indian tourists struggling to obtain Dubai visa: What are the new rules?

The department last month introduced stricter requirements for those who wish to apply for tourist visas mandating tourists to furnish hotel booking documents with QR codes and a copy of their return …

Posted on 09/12/2024

‘Microsoft’s UAE AI Deal Sparks Security Fears:’ U.S. Clears Advanced Chip Export Amid Controversy

The U.S. government has granted approval for the export of advanced artificial intelligence (AI) chips to a Microsoft-operated facility in the United Arab Emirates (UAE), marking a significant step in …

Posted on 09/12/2024

Lamudi Acquires Indonesian Fintech Ideal to Enhance Mortgage Services

Indonesia-based real estate marketplace Lamudi, a subsidiary of Australia’s Digital Classifieds Group, announced the acquisition of Ideal, a Fintech …

Posted on 08/12/2024

Abu Dhabi GP: Charles Leclerc ‘hurt’ after title-less season

Charles Leclerc said it hurt to not deliver Ferrari the constructors’ championship after running McLaren close at the Abu Dhabi Grand Prix.

Posted on 08/12/2024

Last chance to eat Mom’s Spaghetti in Abu Dhabi

Because at this moment, you could be digging into Mom’s Spaghetti. That’s right, Eminem’s brought the pop-up version of his Detroit restaurant to the Formula 1 Abu Dhabi Grand Prix, which is on until Sunday.

Posted on 08/12/2024

Dubai new order inflows grow fastest since August

New order inflows in Dubai grew the fastest in November since August, recent data showed. The UAE non-oil economy continued to show a solid rate of expansion in November, according to the latest PMI …

Posted on 08/12/2024

Experience the magic of Dubai’s biggest-ever celebration as DSF’s 30th anniversary edition begins

Dubai Shopping Festival (DSF) takes citywide celebrations to dazzling new heights, kick-starting the festival’s greatest, most phenomenal, and out-of-this-world 30th anniversary edition. An …

Posted on 08/12/2024

Dubai Brings Back Massive Tax on Alcohol Sale

Dubai will reintroduce a 30% tax on alcohol starting January 1, 2025. Alcohol retailer African + Eastern notified bars and restaurants about the decision …

Posted on 08/12/2024

Dubai CommerCity successfully concludes WORLDEF Dubai 2024 Forum

Under the patronage and in the presence of His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai Integrated Economic Zones Authority (DIEZ), Dubai CommerCity (DCC), — the region’s …

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