Clause-by-clause guide is meant to assist readers with gathering the government’s intention and aid in interpreting the law …
UAE tops world in five labour market indices, reinforces its global leadership
The UAE has topped several global labour market indices issued by international entities and institutions in a new accomplishment that reflects UAE’s pioneering global model for development.
UAE signs MoU with data analytics firm Presight to attract foreign investment
The Ministry of Economy (MoE) signed a memorandum of understanding (MoU) with Presight, the region’s leading data analytics company powered by artificial intelligence, to drive foreign direct …
UAE Corporate Tax guide: Exemptions, rates, thresholds explained
The UAE will apply a 9 per cent headline Corporate Tax rate for taxable income above AED375,000, which is one of the lowest, competitive Corporate Tax rates globally and is aligned with the UAE’s …
2023 best Mortgage Broker in Dubai and the UAE: Lenddoo Mortgages
Transparency is the foundation of any successful mortgage brokerage, and Lenddoo Mortgages has made it a priority. From the initial consultation to the final stages of the mortgage process, Lenddoo …
Dubai Investments Q1 2023 profit surges 55% to $85.68mln
DUBAI – Dubai Investments, the leading, diversified investment company listed on the Dubai Financial Market (DFM), has announced a 55 percent increase in Q1 2023 net profit to AED314.45 million, …
Ministry of Economy signs MoU with Presight to enhance UAE’s attractiveness to FDI & support private sector partnership
The MoU was signed by H.E. Juma Al Kait, Assistant Undersecretary of Foreign Trade at the Ministry of Economy and Dr. Adel Al Sharji, COO of Presight. H.E. Al Kait said: “Thanks to the directives and …
Ministry of Economy, Presight to enhance UAE’s attractiveness to FDI
Under the terms of the MoU, Presight will work with the Ministry of Economy to attract foreign direct investments to new sectors in the UAE by deploying big data, analytics and artificial intelligence …
Al Maryah Community Bank Partners with Redha Al Ansari to offer its customers free account deposit services
As a result of this agreement, Mbank now has the largest cash deposit network in the United Arab Emirates with more than 400 exchange house branches that customers can access for seamless account depo …
Al Salam Bank Announces Financial Results for the First Quarter Ended 31 March 2023
Al Salam Bank (Bahrain Bourse Trading Code “SALAM”, Dubai Financial Market Trading Code “SALAM_BAH”) announced today net profits attributable to shareholders of BD 10.27 million (US$ 27.25 million) …
10 MENA IPOs raise $3.4bn in 2023 Q1
The UAE has already witnessed its first IPO of Q2 2023, with Al Ansari Exchange listing on the Dubai Financial Market (DFM) on April 6, 2023, raising $200m in proceeds. Furthermore, ADNOC has …
Renting In Dubai? Fees To Pay, Required Documents, All You Need To Know Before Moving
From procedures to document requirements and most popular places, this guide seeks to answer some of the frequently asked questions when renting in the city. 1. What are the best neighbourhoods to …
Emirates Development Bank to finance UAE renewables sector
Emirates Development Bank is now two years into an ambitious five-year strategy aimed at empowering SMEs in five priority sectors …
Dubai-based airline Emirates logs record profits of $3 billion as passenger numbers surge by 123%
Emirates posted a $1.1 billion loss in May 2022, following a $5.5 billion loss in May 2021, as the airline was heavily impacted by the Covid-19 pandemic and soaring fuel prices.
UAE’s Emirates reports record $2.9 billion in profit after two years of losses
Emirates reported an annual profit of $2.9 billion for the fiscal year 2022-23. This constitutes a record high for the Dubai-based airline. The profit was driven by an 81% increase in revenue …
Passerbys foil man’s bid to rob a woman at knifepoint in Dubai; jailed for six months
The case dated back to October last year when an Asian woman filed a complaint in which she stated that she had been robbed under duress by an African.
Dubai’s Emirates reports ‘most successful year yet’ with $3bn annual profit
Emirates Group soars to new heights, reporting $3 bn annual profit and record-breaking revenues Dubai’s Emirates reports ‘most successful year yet’ with $3bn annual profit Aviation, Dnata, Dubai, …