With celebrities like Shah Rukh Khan, Salman Khan, and industrialists like Mukesh Ambani already owning residential and commercial properties, Dubai continues to attract individuals seeking long-term …
Dubai Hedge Fund Loses Key Trader Ahead of $700 Million Debut
A portfolio manager at Dubai’s Magellan Capital has departed months ahead of the hedge fund’s planned $700 million launch, which is set to rank among the largest debuts in the United Arab Emirates.
Dubai residential sales up 15.4%; commercial sales hit $2.5bln
The top three communities by sales transactions were Jumeirah Village Circle, Jumeirah Village Triangle and Business Bay …
UAE launches new VAT refund system for online purchases by tourists
The new e-commerce VAT refund system builds upon the success of the FTA’s fully digital VAT refund system, which was first introduced over two years ago …
Sharjah: Mangalore Konkans’ ‘Family Fiesta 2024’ turns out to be a megahit
The much-awaited Family Fiesta 2024 concluded on a high note, leaving attendees with cherished memories of laughter, competition, and camaraderie. With a vibrant Hawaiian theme, the event, held at …
Dubai’s surging real estate prices hit F&B market, entry, expansion strategies set to shift in response
Looking ahead, 2025 and beyond promise an exciting evolution of the UAE’s F&B scene,” David Richardson, Founder of SHP Portfolio, a UAE-based F&B real estate advisory firm, …
UAE property demand surges as Europeans move to Dubai, says Damac’s Ali Sajwani
Demand for Dubai’s property from European customers is rising and is expected to continue into next year as more people from Europe move to the UAE amid strong economic growth.“The customer base has …
flydubai opens new business class lounge at DXB Terminal 2
Dubai-based carrier flydubai has unveiled its new Business Class Lounge at Dubai International Airport’s (DXB) Terminal 2. The new Business Class Lounge spans 900 square metres and is designed to …
Chinese firms forge ties with UAE as Gulf nation acts as ‘superconnector’ in global trade
China’s growing heft in innovative industries is driving partnerships with the UAE, HSBC’s country head says Chinese companies are increasingly seeking partnerships in the United Arab Emirates (UAE) …
Dubai Bling’s Safa Siddiqui joins real estate firm Decisive Listing as CEO, partner
Safa, with over eight years of luxury real estate experience, returns to the market after a strategic pause in 2019 …
Over 30,000 people visit Sharjah Events Fesitval
The Sharjah Government Media Bureau successfully wrapped up yesterday the fourth edition of the immensely popular 4-day Sharjah Events Festival at Al …
Foundster introduces AI-Powered Company Formation in Dubai
IFZA Freezone is the first integrated partner, offering company formations at official list prices through the Foundster platform – Foundster.com launches as the first AI-powered platform for company …
UAE’s GDP is projected to grow by 5% year over year
The UAE’s gross domestic product (GDP) in 2025 is projected to grow by five per cent year over year, continuing to outperform global GDP growth, which is f..
UAE family foundations: Three wins for the price of one — wealth, succession, and taxes
Through its innovative corporate tax regime, the UAE now allows family foundations to opt for tax transparency by being treated as unincorporated partnerships, offering families u …
Tourists in Dubai will now get ‘world-first’ tax refund on online shopping
The Federal Tax Authority of the UAE has launched a ‘world first’ VAT tax refund system for online shopping by tourists in Dubai and other emirates …
Imports from UAE up 109 pc in November to USD 6.12 billion: Commerce ministry data
India’s imports from the UAE surged by 109.57% to $6.12 billion in November, resulting in a $3 billion trade deficit. Overall, imports from the UAE reached $44.76 billion during April-November, a …
Dubai Customs handles over 1.23m bags on 187 cruise ships so far this year
Dubai Customs announced that its Passenger Operations Department handled more than 1.23m bags for 281,775 passengers on board 187 cruise ships between January and November 2024. This underscores its …