Purchases of Dubai real estate by Russian investors have started to slow Bloomberg reports citing top brokers Read Full Article at RTcom …
UAE’s e& to pay $1.55bln in royalty and corporate tax; Du to also pay $490mln
under the new royalty regime outlined by the UAE Ministry of Finance. Corporate tax will correspond to 9% of profit after royalty as per corporate tax law. The aggregate amount of royalty and …
Dubai Investments acquires additional 7.68% stake in UK’s Monument Bank
Dubai Investments, an investment company listed on the Dubai Financial Market (DFM), has acquired an additional 7.68% equity stake in the UK-based digital bank, Monument Bank Limited.
UAE central bank to penalize unlicensed virtual asset service providers
Within the new document, the central bank also noted that VASPs operating in the UAE without a valid license will be subjected to “civil and criminal penalties including, but not limited to, financial …
Coinbase strengthens its global advisory council
Coinbase said on Tuesday it had added four national security experts to its global advisory council as the cryptocurrency industry comes under intense regulatory scrutiny following the collapse of Sam …
Over Dh1 million per night: Influencer gives tour of world’s most expensive suite at Atlantis, Dubai
Alanna Panday, Bollywood actress Ananya’s cousin, shares video of the luxury accommodation, complete with infinity pool, 10-seat majlis, movie theatre …
Abu Dhabi Sports Council to organise Bike Abu Dhabi Gran Fondo on 18 November
ABU DHABI, 8 November (BelTA – Emirates News Agensy). – The second edition of the Bike Abu Dhabi Gran Fondo iwill take place on Saturday, 18th November 2023, with cyclists from across the region …
Abu Dhabi: Department of Health collaborates with American Heart Association to boost heart and brain health
Move to enhance access to healthcare services for heart attack, stroke patients Abu Dhabi: The Department of Health – Abu Dhabi (DoH) signed a Memorandum of Understanding (MoU) with the American Heart …
Abu Dhabi’s IHC profit falls 65% to $1.31bln in Q3 2023
Abu Dhabi conglomerate International Holding Company (IHC) reported a net profit of AED 4.82 billion ($1.31 billion) in the third quarter of 2023, down 65.34%, compared to AED 13.91 billion in the …
The UAE Faces Pushback on African Investments
Abu Dhabi is investing heavily in ports and land across the continent, but it’s facing public backlash and competition from Beijing.
In 2024, e& by etisalat and du’s annual royalty payment to UAE government set at 38% of net profit
What’s different is that from 2024 corporate tax calculations also come into play Dubai: For 2024, the UAE tech-telecom group e&’s payments as royalty to the UAE government and its corporate tax will …
Dubai Municipality bags first place at GCC GOV HR Awards 2023 in recognition of Emiratization efforts
Dubai, UAE: Dubai Municipality won first place at the GCC GOV HR Awards 2023, under the category of the Best Emiratization Initiative in the GCC region. The award comes in recognition of the …
Mode Dubai fashion event postponed to April 2024
All current tickets will remain valid for the April 2024 event, and the team eagerly anticipates welcoming guests and participating brands to Mode Dubai in the coming year, the statement said.
Finding Your Ideal 1 Bedroom Apartment for Rent in Abu Dhabi
Are you in search of the perfect 1 bedroom apartment for rent in Abu Dhabi? This city, known for its stunning architecture, vibrant culture, and economic opportunities, offers an array of options when …
Mohamed Laila on how Etisalat ensure the best network experience in the Egyptian market
At this year’s 8 th annual Operations Transformation Forum (OTF) held in Dubai, we sat down with Mohamed Laila, Service Operations and Optimisation Director at Etisalat Egypt, to discuss the quality …
UAE’s Masdar consortium wins bid for $1bn solar plant in Saudi Arabia
Masdar said the solar facility is expected to reach financial close early next year and connect to the grid in 2025.
UAE telecoms operators to pay royalties under new simplified structure
The UAE’s telecoms operators e& and Emirates Integrated Telecommunications Company, known as du, will start paying corporate tax and royalties to the federal government under a new and simplified …