More power to the UAE

Associate Business Editor of Khaleej Times, is a well-connected Indian journalist and an economic and financial commentator. He has been in the UAE's mainstream journalism for 35 years, including 23 years with Khaleej Times. A post-graduate in English and ... ( read original story ...)

UAE markets off to a very strong start

2018 is off to a strong start with UAE markets spiking off lows during the shortened three-day trading week due to the New Year’s holiday. Oil was supportive of bullish investor sentiment and completed the week strong for the third week in a row. ( read original story ...)

Bombardier to showcase Global 7000 business jet in Dubai

January 4, 2018: Bombardier along with Dubai's Jetex Private Terminal will be hosting a mockup of the Global 7000 aircraft between January 8 and 31. According to reports, the full-size mock-up will make its debut in the Middle East to showcase the aircraft ... ( read original story ...)

Abu Dhabi Ports looks to the East for growth

Abu Dhabi Ports and COSCO Shipping Ports Limited (CSP ... “There are two types of port, transhipment ports and gateway ports,” he said during a news conference. “COSCO will use Port Khalifa as a transhipment hub, and possibly as a gateway port ... ( read original story ...)

UAE’s auto dealers find ways to ease the VAT burden

DUBAI: Ease the VAT (value-added tax ... So the challenge for dealerships, especially those in the volume business, is to remove the VAT concern. Which is why Al-Futtaim Motors in its first 2018 campaign states emphatically that “our prices are locked ... ( read original story ...)

UAE jewellers absorb VAT on diamond jewellery

Dubai: Putting off your diamond jewellery purchase because of value-added tax (VAT)? Don’t, as more of UAE’s jewellers are willing to absorb the VAT component on diamonds. Jewellery retailers are doing everything in their power to ensure that the ... ( read original story ...)

UAE, Saudi Arabia’s non-oil economies end 2017 on a high note

The non-oil private sectors of Saudi Arabia and the UAE, the Arab world's largest economies, ended 2017 on a high note with business conditions improving at the sharpest pace in 34 months in the UAE, according to the latest Purchasing Managers’ Index ... ( read original story ...)

Dubai Airport saw 5.6% growth in passenger traffic in Nov

Dubai International (DXB) attracted close to seven million passengers in November 2017 compared to 6.6 million a year ago, registering an increase of 5.6 per cent. According to the monthly traffic report issued by operator Dubai Airports, passenger numbers ... ( read original story ...)

UAE salaries: VAT set to eat into pay rises, new report says

"Employers in Saudi and UAE are bracing for a challenging time as they battle with managing business costs and meeting the expectations of disgruntled employees," the HR consultancy said. Businesses and employees are preparing for additional complexities ... ( read original story ...)