Economic substance refers to the tangible and real economic activity that a company carries out, rather than just having a legal or nominal presence.
Nearly 7,000 Abu Dhabi cafes and restaurants to be given new food safety rating
The Abu Dhabi Agriculture and Food Safety Authority (Adafsa) has launched a new initiative to affix Zadna Rating stickers to the exteriors of nearly 7,000 food establishments across the emirate. The …
Saudi Arabia overtakes China as Kenya’s top import market
KNBS data show the surge in imports from Saudi Arabia in March was largely driven by …
Get Ready for Dubai Summer Surprises With 67 Days of Nonstop Fun
Dubai’s long-awaited Dubai Summer Surprises (DSS) will soon make its grand return to the city, igniting the summer season with an astounding 67 days of …
Sheikh Hamdan launches Dubai Centre for Artificial Intelligence to accelerate government services
“Dubai’s government will be the best in the world in deploying artificial intelligence (AI) within its various entities. This new Centre is the first step in achieving this goal and developing future …
New orders drive UAE non-oil business activity in May
New business activity driven largely by domestic demand continued to support non-oil business activity in the United Arab Emirates in May, a survey showed, although the pace of growth eased from the …
VIDEO: UAE Corporate Tax: Non-residents will be taxed on income from property
This applies to both immovable property that is held or used in a business and immovable property that is held for investment purposes …
ADNOC L&S secures $975m contract to build offshore artificial island
ADNOC L&S contract covers dredging, land reclamation and marine construction of an artificial island for the Lower Zakum offshore field.
Dubai: Global Village announces dates for 28th edition; park will remain open for 194 days
The destination broke records for its previous season, receiving over 9 million visitors before closing it doors for the summer …
UAE-Cambodia sign CEPA, target $1bn trade
UAE and Cambodia to double non-oil bilateral trade within five years UAE-Cambodia sign CEPA, target $1bn trade Bilateral trade, Cambodia, cepa, Comprehensive Economic Partnership Agreement, UAE Politi …
Dubai CommerCity and Link launch SparkBiz for businesses keen to enter region’s market
The launch came during a signing ceremony, which was attended by Sheikh Ahmed bin Mana Al Maktoum, Deputy Chairman of Wafi Group, and Amna Lootah, Board Member at Dubai CommerCity, and representatives …
Dubai attracts multinationals and SMEs amid $545bn foreign trade target
Dubai attracts foreign direct investment as it works towards $545bn trade target Dubai attracts multinationals and SMEs amid $545bn foreign trade target Dubai Chamber, Dubai Chambers, Dubai …
A Closer Look: What’s in store for re-awoken Palm Jebel Ali megaproject?
A Closer Look sees The National take an in-depth look at one of the main stories of the week. The Palm Jebel Ali has been part of the Dubai landscape for more than 20 years. Visible to the naked eye …
Adnoc L&S awarded $975 million EPC contract for construction of offshore artificial island
A dnoc Logistics and Services plc, a global energy maritime logistics leader, announced on Thursday that it has been awarded a $975-million artificial island construction contract by Adnoc Offshore.
8 things to do in Abu Dhabi this weekend: June 9 to 11
And what a wicked little weekend it could be… On more than one occasion, when I was younger, if something that I dearly wanted (a new bike, a newspaper round, or passing a test) slipped through my …
UAE President issues law establishing new academy for childhood development in Abu Dhabi
A new learning institution for childhood development shall be established in Abu Dhabi under a new law. His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, in his capacity as Ruler …
Abu Dhabi Securities Exchange and the Luxembourg Stock Exchange sign MoU
Abu Dhabi/Luxembourg: The Abu Dhabi Securities Exchange (ADX) and the Luxembourg Stock Exchange (LuxSE) announced today the signing of a Memorandum of Understanding (MoU) between the two parties.