The UAE Cabinet has decided to refund a 5 per cent value added tax for institutions working in the exhibitions and conferences sector. Facilities involved with organising events have the right to refund the tax levied of providing these services …
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Carnival Corp. has its eye on Dubai with new cruise terminal deal
DUBAI — Carnival Corporation has signed a strategic partnership to develop the Dubai Cruise Terminal, in an effort to grow maritime tourism in the region and transform Dubai into a major regional maritime tourism hub. Set to open in October 2020 …
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Abu Dhabi’s Aldar sees Q1 profit rise after stake sale
Abu Dhabi’s largest developer Aldar Properties reported a 5 per cent rise in first-quarter profit on Tuesday, beating analysts’ forecasts but mostly due to revenue from a stake sale. The property market in United Arab Emirates remains under pressure as …
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UPDATE 1-Stake sale helps lift UAE’s Aldar Properties first-quarter profit
ABU DHABI, May 15 (Reuters) – Abu Dhabi’s largest developer Aldar Properties reported a 5 percent rise in first-quarter profit on Tuesday, beating analysts’ forecasts but mostly due to revenue from a stake sale. The property market in United Arab …
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AI Express to connect Surat with Kochi, Sharjah
SURAT: Air India Express, a wholly owned subsidiary of Air India, has committed to launch flight services from Surat to Kochi and Sharjah within two months of Surat airport getting the customs notified status. Surat Airport Action Committee (SAAC …
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DUBAI, United Arab Emirates | Bahrain revokes citizenship of 115 people in mass trial
DUBAI, United Arab Emirates — A Bahrain court on Tuesday revoked … local Shiite militant groups have carried out several attacks on security forces. Independent news gathering in Bahrain also has grown more difficult, with the government refusing …
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DUBAI, United Arab Emirates | Husband: Detained Iranian-British woman may face new charges
DUBAI, United Arab Emirates— The husband of an Iranian-British … will make any deal impossible to sustain.” Iran’s semi-official Mehr news agency on Friday quoted the chief justice of Tehran province, Gholam-Hossein Esmaili, as saying Zaghari …
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Huawei and Dubai Tourism Sign Global Strategic Partnership
The global strategic partnership agreement will further strengthen Huawei’s commitment to promote Dubai as a business and travel destination across the globe through Huawei Mobile Services Huawei has signed a Global Strategic Partnership agreement with …
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Dubai’s Emirates to begin Ramadan menu
Dubai carrier Emirates is set to begin its special Ramadan … The boxes, which can be taken away by customers, will be available to passengers across economy, business and first class on select flights coinciding with iftar times. Read: Ramadan FAQ …
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Dubai ‘open to allowing 100% foreign ownership’ of retail brands
president and CEO Dubai Chamber of Commerce and Industry. Speaking at the launch of the CBRE’s ‘How Global is the Business of Retail?’ report, Buamim said: “Having a local partner brings great benefits but some brands don’t feel they need a …
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ABN Amro to close Dubai office amid thin business for Dutch lender
The Dutch bank ABN Amro is winding down its operations in Dubai and will transfer some of its existing clients in international commodities business to Amsterdam. “The activities in Dubai will be wound down or transferred to other locations because of …
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Revealed: Dubai’s new plan to become global cruise tourism hub
Arabian Business Podcast: What next for the Gulf’s tourism industry? The plan follows the signing of a partnership agreement between Dubai-based Meraas and Carnival Corporation that aims to transform Dubai into a major regional maritime tourism hub.
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Dubai a Preferred Choice for Global Retailers
Buamim said Dubai has right fundamentals in place. “We have had challenges therefore we relaunched retail business group to work together to voice their common issues. We are trying to keep Dubai competitive by keeping international businesses here and …
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Honor Launches Honor 10 in the UAE
Honor has launched its flagship smartphone, the Honor 10, in the UAE. The device is built keeping in mind the concept of “Beauty in AI”, to which end it uses AI 2.0 technology with its dual-lens camera for AI-enhanced photos. The device also seeks to push …
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Dubai’s Damac reports 45% Q1 profit dip amid weak property market
Dubai’s Damac Properties , owner and operator of the only Trump-branded golf club in the Middle East, posted a 45 per cent drop in first-quarter profit from a year earlier although profit rose marginally from the previous quarter. The results came as …
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United Arab Emirates and the United States conclude civil aviation discussions
Today’s announcement confirms business as usual by validating all of the rights and … agreement including fifth freedom rights remain fully in place, with the UAE and United States airlines free to continue to add and adjust routes and services”, Yousef …
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Dubai Police to add autonomous vehicles to its fleet
chairman of the board of Acacus Group told local newspaper Gulf News that: “We are proud to contribute in making Dubai the global hub of technological innovation.” Dubai Police are the latest to add the autonomous means of travel to their portfolio that …
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