Dubai Economy Warns Businesses Not to Hike Prices Ahead of VAT

The initiative is part of protecting consumer rights and enhancing transparency across retailing in line with Dubai’s reputation as a competitive business destination. Retailers have to display the VAT applicable separately on every invoice from 01 ... ( read original story ...)

Coral concept: Buglari finally opens its Dubai property

When it comes to location, Bulgari Hotels and Resorts could not have picked a better spot for its newly opened Dubai iteration. Set on Jumeira Bay, a manmade seahorse-shaped island, with a scenic tableau of the yacht-speckled Arabian Gulf as well as the ... ( read original story ...)

UAE media outlets earn trust of 94% of public

Dr Bassam Al Towaisi of the Jordan Media Institute, told a news conference yesterday that the poll of 2,500 respondents, 50 per cent of whom were citizens and 50 per cent expatriates, showed that 94 per cent of the people trust the UAE media outlets. ( read original story ...)

Dubai utility awards floating solar contract

Etihad Esco is set to develop and install floating solar PV systems after being awarded a contract by Dubai Electricity Water Authority (DEWA). Ali Al Jassim, CEO of Etihad Esco, said: "The installation of solar PV systems at DEWA water reservoirs comes ... ( read original story ...)

ADNOC Distribution IPO values retail business at $8.5bn

In a note to investors on its website, ADNOC noted that the IPO “creates a new platform and route for further value creation.” “This important and strategic offering represents a unique opportunity for investors to own a stake in the UAE’s number ... ( read original story ...)

Bank accounts must for Pakistani expats to remit money

Dubai: The Pakistan government will soon make it mandatory for all expatriates from the country to open bank accounts back home to be able to send remittances, an official has said. The move will curb illegal transfers and money laundering. “The Pakistan ... ( read original story ...)