Dubai Chambers has successfully attracted the world’s biggest and most significant family business conference to Dubai, underlining the emirate’s status …
A $500 Million Fundraising for China Evergrande’s EV Business Is in Doubt
A Dubai-based automaker is having second thoughts about pumping $500 million of cash into China Evergrande Group’s fledging electric-vehicle business. Evergrande Auto, a unit of the beleaguered …
Dubai Municipality launches certification system and conformity marks for 3D printing
Dubai Municipality has launched what is billed as the world’s first system for certification and conformity marks for 3D printing in the built environment. The system will serve as a proactive measure …
Adnoc awards contracts for Hail and Ghasha Offshore Development project
Abu Dhabi National Oil Company (Adnoc) has awarded two engineering, procurement and construction (EPC) contracts worth US $17bn for the Hail and Ghasha Offshore Development project.
Surging confidence as UAE businesses have fully staffed teams
The average UAE company has also hired between 14-16 new staff members across their data protection and data security teams in the last 12 months.
Huge demand for Indian chicken, dairy, basmati rice, wheat products in Middle East: UAE industry
Seeking Indian government support for imports, the UAE food industry said that huge demand is there in the Middle East countries for chicken, dairy, basmati rice, frozen marine goods and wheat …
Deira Enrichment Project: The bustling Dubai destination to stay, dine and indulge
Another perk of shopping at DEP? Visitors to Dubai can enjoy their shopping completely tax-free. Planet Tax is now open in Dubai Gold Souk, with a dedicated kiosk located between buildings 2 and 3 in …
UAE Awards Petrofac $615M EPC Contract for Carbon-Capture Project
The project is one of the largest carbon-capture efforts in the Middle East and is slated for completion in 2026.
Gold prices in UAE on October 9
The prices of gold in Dubai on October 9, 2023 in the UAE Dirham or AED are given below. Gold is a precious metal that has been valued for centuries. It is known for its beauty, durability, and rarity …
iAccel Gulf Business Incubator joins forces with ERB to boost UAE fintech
Accel Gulf Business Incubator (iAGBI), a prominent incubator based in Dubai, has announced its incorporation with ERB, a B2B2C Fintech financing broker catering to BFSI industry. The strategic …
Dubai tops greenfield FDI ranking after $5.7bn investments
Dubai remains the top global destination for attracting Greenfield Foreign Direct Investment (FDI) projects, with the emirate attracting 511 greenfield projects in H1 2023, as per Financial Times “FDI …
India Seeks Support For System To Raise Farm Import Duties
India is working to build a consensus among developing nations at the World Trade Organization (WTO) to push for a special safeguard mechanism (SSM …
UAE: Temporary Ban Announced On Certain Vehicles In Abu Dhabi Tomorrow
Abu Dhabi authority has announced the ban of certain vehicles on major streets in the emirate on October 9. The Abu Dhabi Police, in cooperation with Integrated Transport Center took to social …
RAK property projects sold out as zero tax, full foreign ownership attract global investors
Demand for properties in Ras Al Khaimah is growing exceptionally well, mainly driven by investors looking for long-term rental income and short-term holida..
UAE’s industrial sector is witnessing significant development, says minister
Dr Sultan Al Jaber, Minister of Industry and Advanced Technology, inaugurated Standard Carpets Industries’ new factory ‘Standard Turf at Dubai Industrial City, …
Hotels in UAE generated Dhs26b revenues in first seven month
In the first seven months of the year, hotel establishments in the UAE generated revenues of Dhs26 billion, witnessing a growth of up to 24 per cent …
Application of corporate tax on the real estate sector in the UAE
The real estate industry involves different players such as developers, contractors, sub-contractors, and brokers, each with specific roles. The parties can be categorised as either resident or …