The Abu Dhabi-headquartered pan-GCC retailer will sell 25 per cent of its shares with a nominal value of Dh0.051 each …
UAE: Simplified tax invoices to help businesses save time, money
The introduction of simplified invoicing, part of recent amendments to the UAE’s VAT Executive Regulations, is set to revolutionise the way businesses oper..
’20 times more likely to crash’: Why Dubai residents are welcoming stiffer penalties for distracted driving
Dubai Police on Tuesday implemented tougher rules on distracted driving, tailgating and sudden lane deviation, with motorists now facing vehicle impoundment for up to 30 days. Residents across the …
Lulu Retail to float 25% stake in IPO on Abu Dhabi Securities Exchange
Lulu Retail, a hypermarket chain operator, has declared its plans to float 2.58 billion shares, marking a 25% stake on the Abu Dhabi Securities Exchange (ADX). The initial public offering (IPO) is scheduled to be held from 28 October to 5 November 2024, with the final offering price set to be determined through a book-building process.
UAE launches DAO’s legal framework
Ras Al-Khaimah (RAK), one of the emirates in the United Arab Emirates, has introduced a new legal framework tailored for decentralized autonomous organizations (DAOs) within its free zone designated …
Site tour: Inside BEEAH’s waste-to-energy plant in Sharjah generating 33MW
As long as there’s waste going to landfill, there an opportunity to build these plants: plant manager. Site tour: Inside BEEAH’s waste-to-energy plant in Sharjah generating 33MW. BEEAH, construction, …
Man accused of exposing himself on flight from Abu Dhabi to Boston
An Indian man is accused of masturbating and exposing himself while on a flight from Abu Dhabi to Boston, the U.S. Attorney’s Office said Tuesday.
Gulf Film & TV Incentives Scene Heats Up As Abu Dhabi Increases Rebate To At Least 35%
Bolstering of rebate comes amid growing competition from other territories in region, notably Saudi Arabia which launched a 40% cash rebate in 2022.
Sharjah approves Dh400m drainage project to protect against floods
Sharjah’s government on Tuesday approved the first phase of a Dh400 million ($109 million) rainwater drainage project aimed at bolstering the emirate’s defences against future flood threats. The key …
Abu Dhabi’s Sanad signs $408 million jet engines sale deal with Etihad Airways
Abu Dhabi’s Sanad, the global aerospace engineering and leasing unit owned by Mubadala Investment Company, has signed a Dh1.5 billion ($408 million) deal to sell 16 jet engines to Etihad Airways to power a mix of wide-body and narrow-body aircraft.
Aurum Launches $1B Tokenized Fund for Data Center Investments on XRP Ledger With Zoniqx
The vehicle will focus on data center investments across the U.S, United Arab Emirates, Saudi Arabia, India, and Europe, claiming to be the “world’s first combined equity and debt tokenized fund.” …
Bybit x Block Scholes Derivatives Report Picks up Underlying BTC Volatility Signals Despite Surge in Spot Price
The findings suggest the positive movements in BTC spot places did not translate directly to the derivatives market, and short-term volatility lurks as investors are now holding out for the U.S.
Abu Dhabi to host Bitcoin MENA conference in December
Abu Dhabi will host the Bitcoin MENA conference on December 9 and 10 at the world-renowned ADNEC Centre Abu Dhabi. The Bitcoin Conference is the world’s largest Bitcoin event and this will be the …
Abu Dhabi to host Bitcoin MENA conference in December
Abu Dhabi will host the Bitcoin MENA conference on December 9 and 10 at the world-renowned ADNEC Centre Abu Dhabi. The Bitcoin Conference is the world’s largest Bitcoin event and this will be the …
Abu Dhabi to host Bitcoin Conference 2024
Billed as the world’s largest Bitcoin event, Bitcoin Conference 2024, is set to hold its inaugural Middle East and North Africa (MENA) conclave in Abu Dhabi.
Abu Dhabi Hosts Major Bitcoin Conference for First Time
The world’s largest Bitcoin conference has made its debut in Abu Dhabi, attracting thousands of attendees, including influential figures from the cryptocurrency industry, investors, and blockchain …
UAE crypto VAT exemption viewed as significant positive impact on virtual asset ecosystem
On October 2nd the UAE Federal Tax Authority exempted crypto transaction from value-added tax (VAT). Effective from Nov. 15, 2024, the exemption applies …