The investment strategy includes 12 new programmes and 30 initiatives, including the Financial Sector Development Programme and the ‘InvestUAE’ initiative …
How to move to Dubai: The ultimate guide to where to live, how to get a job and visa – plus the truth about alcohol
If you set up a company in Dubai, corporate tax is now in place: a 9 per cent corporate tax on taxable profits exceeding AED 375,000 (about £80,000) per year. It is 0 per cent on profits below …
Abu Dhabi’s ADQ takes majority stake in logistics firm Aramex
ADQ is now a majority shareholder in Aramex through a 35.31% stake acquired via the tender offer from unit Q Logistics …
EFG Hermes completes advisory on $163mln IPO of Alpha Data on the Abu Dhabi Securities Exchange
EFG Hermes, an EFG Holding company and the leading investment bank in the Middle East and North Africa (MENA), announced today that its investment banking division successfully completed its advisory …
Dubai professor calls for ‘family language policy’ to boost Arabic use among youth
A professor from a Dubai university has emphasised that the key to preserving the Arabic language lies in implementing a ‘family language policy’ (FLP). Dr Reem Razem, an assistant professor from the …
EXCLUSIVE: UAE developers pour billions into Maldives as luxury island market heats up
Honeymooners may soon find the Maldives transformed into a lucrative second-home market, thanks to over $3 billion in UAE investments by 2030 …
Dubai connection: Who is Tarun Raju? DRI probes bizman’s role in Ranya Rao gold smuggling case
A gold-smuggling racket involving Kannada actor Ranya Rao, daughter of a senior IPS officer, has prompted the arrest of her friend Tarun K Raju. This has led to a political uproar and a demand for a …
ADNOC Mulls International Listing of Its New $80-Billion Energy Firm
ADNOC is considering an initial public offering (IPO) of its newly-created energy investment firm, XRG, on a stock market outside the UAE, potentially becoming one of the world’s largest IPOs.
How much gold can you legally carry to India from Dubai?
Kannada actress Ranya Rao was arrested at Bengaluru airport for allegedly smuggling 14.2 kg of gold concealed in her belongings after multiple trips to Dubai.
My Abu Dhabi Salary: ‘I save and invest half of my Dh16,000 monthly pay from oil industry’
Qavi Ansari has been saving and investing 50 per cent of his monthly salary since he started working at the age of 22. The Pakistani, 31, aims to attain financial independence in about two decades. He …
Abu Dhabi’s flying ferries US deal to create more than 1,000 high-tech jobs
Electric seaglider developer Regent expects its plans to manufacture the flying ferry in the UAE to create more than 1,000 high-tech jobs in Abu Dhabi over the next decade, providing new opportunities …
UAE approves massive new investment strategy as it targets $65.4bn inflows; Cabinet approves Remote Work from overseas
UAE Cabinet meeting approves National Investment Strategy to 2031, reviews Digital Economy Strategy, Africa trade and more …
UAE to increase annual foreign investment inflows to Dh240 billion
The UAE has set an ambitious goal to more than double its annual foreign investment inflows over the next six years. Announced Monday, the National Investment Strategy aims to increase inflows …
Home Bargains shoppers rush to buy bag of viral ‘Dubai chocolate’ spotted on shelves for 80% cheaper
HOME Bargains shoppers are rushing to buy bags of “Dubai chocolate” after spotting them on shelves. Bargain hunters are looking to snap up the retailer’s own version of the viral …
UAE targets raising annual foreign direct investment inflows to $65 billion in 2031
The United Arab Emirates targets raising the annual rate of foreign direct investment inflows to 240 billion dirham ($65.35 billion) by 2031, Dubai’s ruler Sheikh Mohammed bin Rashid al-Maktoum said …
UAE Cabinet approves National Investment Strategy 2031; National Policy for Combating Health Risks
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai, has chaired the UAE Cabinet meeting held at Qasr Al Watan in Abu Dhabi.The meeting was attended …
Gulf’s push for 6G networks comes too soon, say telecoms experts
Gulf plans to develop sixth-generation networks may be premature given the region’s data use and the lack of an immediate need for ultra-fast 6G, say telecoms experts. Although 5G networks are still …