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 …
Dubai Customs handles over 1.23mln bags, on board 187 cruise ships between Jan -Nov 2024
This underscores its commitment to providing world-class customs services at Port Rashid and Dubai Harbour amid the continued growth of Dubai’s maritime tourism sector …
Trade Tides: India’s Import Surge with UAE
India’s imports from the UAE significantly increased by 109.57% year-on-year, resulting in a trade deficit exceeding USD 3 billion in November. The bilateral trade between the two nations reached USD …
Dubai welcomes over 200,000 cruise passengers during first 11 months of 2024
Dubai has welcomed and provided assistance to over 200,000 passengers arriving in the emirate by cruise ships. In addition, Dubai Customs has efficiently handled more than 1.23 million bags for …
Dubai to host rare coffee auction as MENA coffee market tipped to hit $11.5bn
As the MENA coffee market surges towards an estimated value of $11.5bn by 2025, WOC Dubai arrives at a pivotal moment for the industry.
Dubai: 7 winners to become millionaires as Dh50-million worth prizes announced at DSF
Special offers from Dubai Jewellery Group include “buy one, get one free” on select pearl and diamond jewellery …
AVATR debuts in Dubai with a showcase at Mall of the Emirates
AVATR, the emerging electric vehicle brand, has made its public debut in Dubai with a showcase at the Mall of the Emirates. From December 12th to 15th, visitors to the mall can experience …
UAE Payments Revenue Pool Projected to Reach $27.3 Billion by 2028
The UAE’s payments industry is poised to achieve significant growth, with total revenues projected to reach $27.3 billion by 2028, according to the l …
UAE to offer VAT refund to tourists for online purchases
The UAE will now offer value-added tax refunds for e-commerce purchases made by tourists during their stay in the Emirates. The move aims to boost the country’s position as a tourism and e-commerce …
UAE launches world’s first VAT refunds for tourist’s e-commerce retail purchases
The Federal Tax Authority (FTA) has launched a new VAT refund system for e-commerce retail purchases for tourists during their stay in the UAE, which is considered the world’s f …
UAE launches VAT refund for tourists shopping online
In a statement today, the Federal Tax Authority explained that this initiative is part of its ongoing efforts to adopt proactive, innovative solutions …