A decision by Dubai and Abu Dhabi governments to exempt businesses from corporate fines is a further boost for UAE companies grappling with high operating costs and the sticky residues of a challenging economic period, analysts told The National.
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Sharjah to launch summer festival
Sharjah: A summer festival will be launched for the first time in Sharjah on July 10, and will last for two months. Khalid Jasem Al Midfa, chairman of the Sharjah Commerce and Tourism Development Authority (SCTDA), announced that the first edition of the …
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Dubai cancels corporate fines in bid to boost business
Dubai is exempting companies from administrative fines in a fresh effort to stimulate business, which has been dampened by new taxes and slumping asset markets. A decree by Dubai ruler Sheikh Mohammed bin Rashid al-Maktoum cancels fines imposed by the …
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Dubai Cancels Corporate Fines to Boost Business
The business landscape has been dampened by new taxes and slumping asset markets. A decree by Dubai ruler Sheikh Mohammed bin Rashid al-Maktoum cancels fines imposed by the Department of Economic Development through the end of 2018, the DED announced on …
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Dubai to host first ever customer happiness summit and awards
Dubai will host its first ever customer happiness focused summit and awards in October this year at an event that will feature government officials, experts, business people and investors, it was announced on Tuesday. The one-day event – which will be …
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Cost of Living: Dubai More Economical Than Most of Its Peers
Dubai, the region’s hub for business and financial centre, is more economical than most cities in the Western world as its residents enjoy stronger purchasing power, reveals a new study released on Tuesday. Ranked 28th among the world’s top 77 cities …
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Dubai cancels corporate fines in fresh effort to boost business
DUBAI (Reuters) – Dubai is exempting companies from administrative fines in a fresh effort to stimulate business, which has been dampened by new taxes and slumping asset markets. A decree by Dubai ruler Sheikh Mohammed bin Rashid al-Maktoum cancels fines …
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Pensioner who spent FOUR YEARS in a Dubai hospital after suffering a stroke finally returns to the UK
A pensioner who was left languishing in a Dubai hospital following a stroke has finally been welcomed home. Malcolm Munroe, originally from Chorlton, Manchester, has spent more than four years at Rashid Hospital after falling ill while away on business.
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Dubai gold prices fall after previous week’s rally
Dubai: Gold jewellery buyers in the UAE can still score some bargains today (Monday), with the bullion prices dipping slightly following a rally last week. The price of 24-karat gold stood at Dh157.25 per gram as of 11.30am, nearly D5 cheaper compared to …
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UAE gold jewellers shed their focus on 22 karats
Dubai: The UAE’s gold jewellery retailers are shedding their obsession with the 22 karat. They are working to create a new generation of shoppers — the younger ones, preferably — and the way they are doing this is through the 18k route. Their …
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Limited introduction expected for new UAE ownership law, says Al Mulla
chairman of Dubai law firm Baker & McKenzie. Speaking to Arabian Business, he said the new law will primarily aim to attract specific sectors such as nuclear technology. “I don’t think [the ownership law] will apply across the board to everyone …
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UAE residents becoming more financially cautious
Dubai: UAE residents are keeping better track of their money than they were four years ago, with more people being careful about budgeting and fewer living beyond their means. According to the latest Moneysmart Index launched by Abu Dhabi Islamic Bank …
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Dubai SME licenses first business incubator
Dubai SME, the agency of the Department of Economic Development (DED) in Dubai mandated to develop the small and medium enterprise (SME) sector, has announced the licensing of the first business incubator in Dubai. The milestone follows the introduction of …
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Sharjah Art Foundation’s spring shows span genres
The Sharjah show at the Gallery 4 … he served as head of the photography department at the Iraq Ministry of Culture and head of the Iraqi News Agency. His photographs represent a unique visual record of the country’s complex culture, politics and …
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UAE makes ‘tremendous progress’ in global competitiveness ranking
We will continue in enhancing our business environment, our infrastructure and our resources, because we want a better life for our people and all the residents in the UAE, Shaikh Mohammad added. Dubai: The UAE jumped in the competitiveness rankings in …
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Dubai To Become Global Leader In Solar Energy
On a recent warm evening in the Dubai desert, government ministers and business leaders gathered to mark a major milestone in solar power, one of worldwide significance. A new phase of the Mohammed bin Rashid Al Maktoum Solar Park (aka MBR Solar Park …
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New long-term visa to boost UAE property market ‘in big way’
“I expect an influx of new businesses, new investors coming to UAE. The 100 per cent business ownership and 10 years residency for investors will attract FDI to Dubai’s real estate sector. “We as a group of companies based in Dubai since long, feel …
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