Abu Dhabi: A host of Memorandums of Understanding (MoUs) were signed between the UAE and South Korea on Sunday following a meeting between the two countries’ leaders. His Highness Shaikh Mohammad Bin Zayed Al Nahyan, Abu Dhabi Crown Prince and Deputy …
( read original story …)
Dubai Police arrests international gang for stealing more than $3m
An international gang of approximately 25 members has been arrested by Dubai Police after stealing about 100 million Thai Baht ($3m) from bank accounts in Thailand and other Asian countries, according to UAE state media agency WAM. HE Major General …
( read original story …)
VAT: What are the regulatory challenges for businesses in UAE, Saudi?
Value added tax (VAT) implementation has been a considerable challenge for most businesses in the UAE and KSA, where compliance with taxes is not common. VAT represents the most comprehensive and transformative regulatory requirement that business has had …
( read original story …)
Crown Prince launches latest edition of Dubai Future Accelerators
The fourth edition of Dubai Future Accelerators has been launched by His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Dubai Crown Prince and Chairman of the Board of Trustees of Dubai Future Foundation. Dubai Future Accelerators aims to match …
( read original story …)
Dubai saves 323MW in electricity consumption during Earth Hour
The global Earth Hour initiative resulted in record savings of 343 megawatts in electricity consumption for Dubai – an increase of 32 per cent compared to last year’s savings, and equivalent to a reduction in CO2 emissions of 140 tonnes. according to …
( read original story …)
24 Small Business Ideas in UAE 2018 – Business Opportunities in Dubai
Are you looking for small business ideas in UAE / Dubai? Here are twenty four business opportunities in Dubai, UAE you can pursue in 2018. The UAE stands for United Arab Emirates. Like Europe and USA, UAE is composed of several small states and they …
( read original story …)
Jacky’s launches UAE business training programme
In a bid to break into the UAE’s education sector, Jacky’s Group of Companies has announced that its Anisuma Training Institute will provide executive education and training programmes to help enhance the careers of senior executives and mid-career …
( read original story …)
Start-up advice: How to prepare your business for sale
Nathan Banks, managing partner of UAE-based law firm Banks Legal, explains key factors to keep in mind to maximise your return on investment when selling your business: 1. Licensing, permits and approvals: It is important to regularly review your business …
( read original story …)
Sharjah real estate deals rise 20% to $8.1bn in 2017
The emirate’s real estate regulator expressed satisfaction with the performance of the sector, which it said is growing steadily year after year, state news agency WAM reported on Thursday. UAE citizens dominated deals in Sharjah’s property sector with …
( read original story …)
Dubai Holding appoints new CFO in management reshuffle
“Dubai Holding is in a significant phase of its corporate evolution as it addresses legacy liabilities and reshapes its business model to drive further growth,” he said. “Dubai Holding will continue to operate as a stand-alone entity and there are no …
( read original story …)
Mishal Kanoo Joins Top UAE Delegation for UAE-Japan Business Forum
These sessions aim to discuss ways to enhance mutual cooperation between the business sectors. During the presentations of UAE companies, Mr. Mishal Kanoo delivered his keynote speech titled, “Learning from the Japanese Experience.” In his message …
( read original story …)
Dubai Breaks Ground on World’s Biggest CSP Project
DUBAI, United Arab Emirates–(BUSINESS WIRE)–HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, broke ground on the 4 th phase of the Mohammed bin Rashid Al Maktoum Solar Park. This is the biggest …
( read original story …)
Some UAE businesses are paying more VAT than they need to
My advice to any business looking to do anything artificial to avoid UAE VAT, or create a timing advantage, is not to bother. Artificiality sometimes worked when tax and tax avoidance was regarded as fair game (around 1973, if you are wondering), but now …
( read original story …)
UAE seeks exemption from US tariffs on steel, aluminium
Danny Sebright, the president of the Washington DC-based US-UAE Business Council, has been quoted in local media as saying the UAE could have room for negotiation on the tariffs because of the importance of its aluminium to US aircraft manufacturing.
( read original story …)
Dubai Has Best Infrastructure Among World’s Global Cities: Report
The study assesses a country’s strength as a hub for doing business. Other countries benchmarked include Australia, the UK, China, Singapore and the US. Air freight was also a strong area for Dubai, ranking third behind the US and China, with 16.7 …
( read original story …)
UAE good conduct requirement now applies to workers switching jobs
The UAE’s good conduct certificate requirement for visa applicants will now apply to existing workers in the country that are switching jobs, according to reports. Gulf News cited official sources as confirming the certificate is now mandatory for …
( read original story …)
Abu Dhabi Police issue warning after boy’s lunch invitation call
Abu Dhabi Police issued a warning to residents on Monday after a boy’s ‘generous’ call on the emergency number. The General Directorate of Abu Dhabi Police recently received a lunch invitation from a generous child on the emergency number (999).
( read original story …)