Abu Dhabi and Austria’s OMV are exploring a combination of Borouge and Borealis to create a chemicals and plastics company worth more than $30 billion, Bloomberg News reported on Tuesday. The two …
UAE to see multifold increase in FDI flows in diverse sectors after Ministry of Investment establishment, say analysts
“The UAE has a high level of trust for investments and is ranked at the top of Mena countries for FDI. The reason for this is the UAE’s development of its financial services and tourism sectors, and …
UAE firmly committed to achieving climate neutrality: COP28 President-Designate
ABU DHABI – Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology, and COP28 President-Designate, said that the launch of the updated version of the UAE Energy Strategy 2050 and …
Most Gulf markets track oil prices higher; Dubai at 8-year high
Most stock markets in the Gulf ended higher on Tuesday, tracking oil prices, with the Dubai index at its highest in nearly eight years.
Man fined Dhs20,000 for obscene act in Dubai
The woman stated in the interrogations that after she found a nearby petrol station, she swerved to reach the last exit on the street but was surprised by the defendant chasing her and using the horn …
UAE property: Aldar, IHC, and Adnec Group create region’s largest property and facilities management company
Aldar Properties, International Holding Company (IHC), and Adnec Group have announced that they will merge their jointly owned property and facilities mana..
UAE’s e& in talks with PPF Group over potential partnership amid European push
UAE telco e& (formerly known as Etisalat) has confirmed it is in talks with Czech investment company PPF Group over a possible partnership as part of its plans to grow in Europe. In a statement …
Etisalat Academy by e& and EarthLink sign strategic MOU to establish academy for telecom training in Iraq
Abu Dhabi, UAE: Etisalat Academy by e& has signed a strategic Memorandum of Understanding (MoU) with EarthLink to establish the EarthLink Academy. The MOU signifies a partnership aimed at excellence …
Controversial COP28 host UAE unveils $54bn push to triple renewables
COP28 host the United Arab Emirates said it will aim to triple its renewables base by 2030 backed by $54bn of investments. The UAE, which presented an updating energy strategy stressing clean energy …
Revolutionising retail: Unveiling the success of Dubai’s cutting-edge digital transformation masterclass on retail design and delivery
Rachel Kidwell, founder of innovative property technology platform TCPinpoint hosted an intensive Masterclass on digital transformation in Dubai at the …
UAE: Excluded activities of the free zone businesses will attract 9% tax
In a nutshell, all activities of the QFZP with other free zone persons will generate the QI which will be subject to tax at 0% except the income from excluded activities which will be subject to tax …
Banks in the UAE: All you need to know about opening an account and getting a credit card
Choosing which financial institution to bank with is one of the first decisions people make when moving to a new city such as Dubai or Abu Dhabi. Next comes how to handle your finances through …
Tom Cruise said Abu Dhabi is “beautiful, romantic and amazing” after Mission: Impossible – Dead Reckoning filming
Behind the scenes in Abu Dhabi with Tom Cruise, Christopher McQaurrie and Mission: Impossible – Dead Reckoning Part One production crew Tom Cruise said Abu Dhabi is “beautiful, romantic and amazing” …
Sharjah announces 50% discount on fines for non-renewal of business licences
Penalties shall be slashed provided that the owner adjusts his/her status within four months, starting July 10 …
Dubai stock index hits 8-year high as real estate booms
Dubai’s main stock index reaches its highest level since August 2015, driven by real estate market gains Dubai stock index hits 8-year high as real estate booms DFM, DFM equity market, Dubai, Dubai …
Wio Bank signs agreement with ADX to enable fully digital, instant IPO subscriptions
Wio Bank PJSC, the region’s first platform bank, has signed an agreement with Abu Dhabi Securities Exchange (ADX) to facilitate Initial Public Offering (IPO) subscriptions on ADX. This agreement …
UAE Corporate Income Tax: Uniqus explains why it’s important to join the discussion on impact beyond tax
The deliberations on the tax impact have been ongoing since the announcement of CIT Law by UAE Ministry of Finance in January 2022 and release of the consultation paper in April 2022. While entities …