Question: I purchased a property last year and immediately served an eviction notice to my tenant and signed a new rent contract.The eviction completes one year on May 19. However, the rent contract …
Existing property transactions sustain momentum for Dubai and Abu Dhabi in Q1 2024
Across both Emirates, there has been a robust 30% year-on-year rise in ready transactions, showcasing a consistent supply of properties for today and the foreseeable future …
Dubai South awards $409m construction contract
Following increased demand from investors and buyers to own a unit at South Bay, Dubai South Properties’ unique development, and the sell-out of the limited inventory that was released before, the …
Water Circus Extravaganza Fontana Returns to Abu Dhabi
Get ready for a big splash, Abu Dhabi! Fontana, the mind-blowing water circus extravaganza, is washing up back into town this April. After wowing crowds in Dubai last year, Fontana is making a …
Dubai’s new law mandates 20 percent annual tax on foreign banks operating in emirate
(MENAFN) Dubai recently introduced a new tax law mandating a 20 percent annual tax on foreign banks operating within the emirate, a move experts believe will have positive implications for lenders and …
UAE Federal Tax Authority wants businesses’ feedback to better its processes
Image Credit: Supplied Dubai: Running a business in the UAE? Got a suggestion to make on the corporate tax processes or any of the other tax related matters in the UAE? Then, send those suggestions to …
The Middle Eastern island giving Dubai a run for its money
Some, like former Liverpool legend Steven Gerrard, live in Bahrain; others, such as Brazilian striker Neymar and French forward Karim Benzema, come to spend their weekends in this tiny island state …
Denys Boiko: GCC poised to lead the way in fintech
For investors and innovators, the opportunities across the GCC around fintech are there to be seen and to be seized upon.” —Ahmed Al-Farsi is a professional writer based in Dubai, specializing in …
Sharjah Airport fully prepared to welcome passengers during Eid Al Fitr holiday
Sharjah Airport is fully prepared to welcome passengers during Eid Al Fitr holiday, with plans to handle the expected increase in flight movement and accommodate the growing demand for travel to and …
UPDATE 1-PIF-backed Riyad Bank considering IPO of investment banking unit
By Hadeel Al Sayegh and Federico MaccioniDUBAI, April 4 (Reuters) – Saudi Arabia’s Riyad Bank, the kingdom’s third biggest lender by assets, said on Thursday its board was considering an initial …
Top UAE banks to see stable profits in 2024, says Moody’s
While the UAE is expected to be the top performing economy in the Gulf region this year and next, lifted by the strong performance of its non-oil sector, the UAE central bank recently revised down its …
GTN enlists former Saxo Bank CCO Damian Bunce as new Middle East CEO
GTN co-founder and Group CEO Manjula Jayasinghe said: “We are thrilled to have Damian join us in Dubai as CEO of GTN Middle East. His industry and commercial acumen will elevate our success in …
Sharjah opens new mosque to serve 1,500 worshippers
A new mosque has been opened in Sharjah with a capacity to serve 1,500 worshippers. The Al Duaa Mosque is located in Al Falaj area in Al Raqqa suburb and is part of the emirate’s Ramadan plan, state …
Abu Dhabi’s Tourism Strategy 2030: A Blueprint for Sustainable Growth and Business Events
Abu Dhabi, known for its transformative journey in the tourism sector, embarks on a new era of expansion and strategic development with the unveiling of its Tourism Strategy 2030. Approved by His …
Abu Dhabi`s Lunate acquires 40 percent stake in (AOP) from BlackRock, KKR
In a significant move within the energy investment landscape, Abu Dhabi-based global alternative investment management company Lunate has finalized t …
20 incredibly fun ways to explore Abu Dhabi after dark
Home to a buzzing promenade lined with some of Abu Dhabi’s best restaurants, you’ll be spoilt for choice with places to eat – from Pickl for burgers to Raclette for fine French fare and Antonia for …
Powering the future: Statevolt to unveil Gigafactory in UAE’s green tech hub
A $3.2 billion investment in Ras Al Khaimah paves the way for innovative energy solutions and 2,500 new jobs. Powering the future: Statevolt to unveil Gigafactory in UAE’s green tech hub. Gigafactory, …