The Federal Tax Authority (FTA) of the UAE announced on May 7 that it has begun exempting certain corporate taxpayers from administrative penalties incurred due to the late submission of registration …
Emirates lands record $5.2B annual profit, 16 new A350s to arrive in next year
Dubai-based Emirates Airlines has posted record annual profits of $5.2 billion (after tax), an increase of 14.9% from last year’s $4.7 billion.
Adnoc Drilling plans to boost partnerships beyond Abu Dhabi as profit jumps 24%
Adnoc Drilling, the Middle East’s biggest drilling company, expects to boost its partnerships and acquisitions in 2025 as its profit grew by nearly a quarter in the first three months of the year.The …
Abu Dhabi signs initial pact with Japan as it seeks to boost non-oil trade
Abu Dhabi is seeking to further boost ties with Japan as the emirate extends efforts to boost its non-oil trade, which has soared in recent years. The Abu Dhabi Chamber of Commerce and Industry (ADCCI …
Abu Dhabi’s Mubadala Builds $20 Billion Private Credit Portfolio
Mubadala Investment Co. deployed 119 billion dirhams ($32 billion) last year, as the world’s most active sovereign wealth fund deepened its push into sectors such as private credit and artificial …
ENOC Link delivers 350 million in total volume to business customers since launch
Underscoring the success of the Group’s innovative approach to fuel supply, ENOC Link currently helps over 268 businesses across the country to operate efficiently, including 60 businesses served from …
Doubletree By Hilton Sharjah Waterfront Hotel & Residences Partners With GEMS Education To Host Inspiring ‘Art From Waste’ Exhibition.
In a notable demonstration of sustainability and creativity, DoubleTree by Hilton Sharjah Waterfront Hotel & Residences has partnered with GEMS Education to present the ‘Art from Waste’ exhibition-an …
Sharjah Digital Department organises ‘Sharjah GIS Forum’
Geospatial data has become an essential element to support decision-making, develop services and raise the efficiency of government performance; Sharjah …
UAE: Pay for petrol with cryptocurrency soon as Emarat announces Mena first-of-its-kind service
Do you pay by cash at fuel stations? Or are you constantly searching your wallet for your card? Now, in a first in Mena, Emarat will introduce cryptocurrency payment services at fuel stations. In …
Emirates airline posts record annual profit, reflects Dubai’s growth as aviation hub
By Manya Saini DUBAI (Reuters) -Emirates airline on Thursday reported a record full-year profit, bucking a broader global slowdown in air travel as it capitalized on Dubai’s growth as a hub for major …
Sharjah Maritime Academy redefines higher education with bold tech leap
While most institutions are still talking about the future of education, Sharjah Maritime Academy (SMA) is building it. In just a few months, SMA has launched a blockchain-based Micro-Credentials, …
Sharjah Hearing Centre celebrates Speech-Language-Hearing Month
Every May, the Sharjah City for Humanitarian Services (SCHS) observes International Speech-Language-Hearing Month through the Sharjah Hearing Centre …
Inside the UAE’s tech-powered economic transformation
With IT services adoption soaring across manufacturing, logistics, real estate, and education, experts predict a transformational decade ahead for the UAE’s digital economy …
Dubai’s Emirates announces record Dh22.7 billion profit
Emirates Group on Thursday announced yet another annual record profit. The Dubai-based group revealed that it recorded profit before tax of Dh22.7 billion ($6.2 billion), up 18 per cent from last year …
UAE corporate tax implications for businesses that shut down
You are shuttering your business. A liquidator from the approved list for your trade licence issuing authority has submitted its report. All is in good order and you have promised the authorities and …
‘Immunity tickets’ and Dubai rentals: Investment banker reveals how the rich shield their money
An investment banker has peeled back the curtain on how the ultra wealthy structure their money across borders—using low-tax jurisdictions, offshore trusts, and second passports to manage risk, avoid …
Citi debt duo in Dubai leave US bank: IFR
Iman Abdel Khalek, head of debt capital markets for CEEMEA, based in Dubai, and Zain Zaidi, head of UK, Europe and MEA loans products and execution, also based in Dubai, have left the bank …