Marwan Zeineddine, Managing Director, UAE, SAP SAP has appointed Marwan Zeineddine as the new Managing Director for its UAE operations. With more than 24 years of technology and digital experience and …
UAE reaffirms: No personal income tax on the horizon
Individuals in the UAE won’t be taxed on their personal income any time soon, says the country’s Ministry of Finance’s Undersecretary Younis Al Khouri. Al Khouri reiterated his government’s position …
Mashreq, UAE fintech Fils to launch carbon offsetting services
In a bid to eliminate the deceptive practice of misrepresenting environmental responsibility through greenwashing, Fils infrastructure uses blockchain technology to track all carbon credits used to av …
Holiday Inn Dubai Business Bay now open, debuts open lobby concept
Set in one of the most central areas of the city, the Holiday Inn Business Bay is an ideal choice for corporate and leisure travellers …
UAE Corporate Tax: Can business owners form a ‘tax group’ while having a local sponsor?
Tax group’ allows multiple businesses with 95% single shareholder to file single returns The UAE corporate tax rules allow tax groups to be created by a business entity with multiple companies under …
Abu Dhabi Judiciary wins Cloud Infrastructure Innovation Award 2023
Abu Dhabi [UAE], January 23 (ANI/WAM): The Abu Dhabi Judicial Department has earned the 2023 Cloud Infrastructure Innovation Award by the multinational company VMware. This prestigious recognition …
UAE’s ADNOC sells more fuel oil from Ruwais refinery in January -traders, data
UAE’s Abu Dhabi National Oil Company (ADNOC.UL) has sold more straight-run fuel oil (SRFO) from its Ruwais refinery complex this month via private sales, according to trade sources and ship-tracking …
Future FinTech stock drops 17% after SEC charges CEO
Shares of Future FinTech Group FTFT, -12.69% fell after the Securities and Exchange Commission charged Shanchun Huang with allegedly inflating the company’s share price just before he took over …
11 Fintech Predictions For 2024
At the same time, the fintech market is set for a disruption with the entry of Jio Financial Services, which has eyes on pretty much every vertical that these players have staked their claims on.
DMCC-Danube partnership launches new $545mln residential twin-tower project in Dubai
Dubai-based commodities freezone DMCC announced on Monday that it is partnering with Danube Properties to launch a new twin-tower residential project in its Jumeirah Lakes Towers (JLT) district …
8 top supermarkets for expats in Dubai
Whether you’re hunting for snacks, toiletries or fresh produce, you’re bound to find international products from your home country at these expat supermarkets …
In his capacity as Ruler of Abu Dhabi, UAE President issues law establishing Artificial Intelligence and Advanced Technology Council
ABU DHABI, 22nd January, 2024 (WAM) — In his capacity as Ruler of Abu Dhabi, His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, has issued a law establishing the Artificial …
Abu Dhabi issues new AI law, introduces council to develop sector
Abu Dhabi has established a new artificial intelligence council as it looks to develop and regulate an emerging technology sector and create investment and research opportunities.
IPT Energy expands Sharjah operations with new entity
IPT Energy, a prominent leader in the energy sector with origins in Lebanon since 1970, recently expanded its presence in Sharjah through the establishment of IPT Energy Trading. IPT Energy …
UPDATE 1-UAE’s ADNOC boosts lower-carbon budget to $23 billion
DUBAI, Jan 22 (Reuters) – The state-owned Abu Dhabi National … In late 2022, ADNOC at its board meeting approved a five-year business plan and capital expenditure of 550 billion dirhams ($150 …
Dubai’s ANAX Developments launches $128mln luxury tower in Business Bay
ANAX Developments, a subsidiary of ANAX Holding, has launched its first luxury tower in Dubai’s Business Bay area at the cost of 470 million UAE dirhams ($127.96 million). The 19-storey Vento Tower, …
HummingbirdEV to Open Microfactory for its Zero-Emission Commercial Vehicles in the United Arab Emirates
HummingbirdEV, a global provider of advanced commercial vehicle electrification systems, announced today it will establish a new advanced microfactory facility in the United Arab Emirates (UAE). The …