The leaders explored strategies to enhance the global business environment by drawing upon the UAE’s experience in creating an attractive business climate for investors locally, regionally and interna …
Dubai’s Real Estate Partner Revealed, Realtor with Remarkable Expertise
Dubai/ 12 February 2024: HJ Real Estates emerges as the fastest-growing independent real estate channel partner in Dubai, UAE. It partners with over 24+ globally renowned real estate developers, …
My Dubai Salary: ‘I earn Dh80,000 a year from a side hustle’
Aladdin Abdulkareem, who is from Egypt, moved to the UAE in 2008 in search of a better salary, to gain experience and find more opportunities. Mr Abdulkareem, 42, studied civil engineering and now …
Modi In UAE: Why the India-UAE partnership is truly a ‘rab ne bana di jodi’
The leaders at the top are meeting frequently and share great chemistry. Trade and investments are booming. There is realisation on the UAE side that Indian labour helped build today’s UAE and that …
COP hosts UAE, Azerbaijan, Brazil announce climate ‘troika’ to limit global warming to 1.5ºC
Past and future UN climate talk hosts the United Arab Emirates, Azerbaijan and Brazil said Tuesday they are forming a “troika” to push for an international..
Al Mal Capital’s real estate fund to raise $200m in IPO
According to Al Mal Capital, the issuance will deliver a maximum of 400 million new units to existing unitholders at a price of AED1.1 per share – increasing the share capital by 114% to AED750 …
UAE Signs Agreements With Arab Countries On Double Taxation Avoidance
The UAE Ministry of Finance signed agreements related to the encouragement and protection of investments and double taxation avoidance, with Kuwait …
UAE signs agreements with Arab countries on encouragement and protection of investments, and double taxation avoidance
The UAE, represented by the UAE Ministry of Finance, signed agreements related to the encouragement and protection of investments and double taxation avoidance, with each of the State of Kuwait, the …
President of International for Bank of America hails ‘dynamism’ of UAE economy
Bernard Mensah, President of International for Bank of America, has commended the flexibility, dynamism, and strong growth of the UAE economy despite global challenges.
UAE has no plans to introduce income tax, raise VAT in 2024 – finance ministry official
The OECD recently posted their assessment of preferential tax regimes, and rated UAE’s corporate tax regime for free zones as ‘not harmful’ …
UAE exchange houses receive approval to raise remittance fees by 15% for first time in 5 years
This marks the first fee adjustment in five years, the decision recognises the evolving regulatory landscape and related cost increases since the previous update …
UAE’s entities to provide up to $100 million in financing to BGN
The strategic collaboration sets the stage for a financing arrangement, offering up to $100 million to facilitate the export of energy commodities from the UAE. The syndicated financing arrangement, a …
Empower revenue soars to $824m in 2023; net profit up
For the year 2023, its pro forma net profit grew by 6.1% to AED1,083 million. This pro forma net profit comparison adjusts for pre IPO leverage to show comparable performance. On an absolute basis, …
UAE launches technology fund for developing nations
The United Arab Emirates on Monday launched a fund to finance the development of sophisticated technology in developing nations. The fund was launched with capital of $200 million, financed by the Abu …
UAE clarifies laws on pensions, gratuity and debts
The UAE has clarified rules on debt repayments in regards to pensions and gratuity. The General Pension and Social Security Authority (GPSSA) has issued a circular to government and private sector …
Dubai Empower’s FY 2023 net profit slips to $259mln; beats estimate
Dubai’s Emirates Central Cooling Systems Corporation, also known as Empower, reported full year 2023 net profit attributable to equity holders of 953 million dirhams ($259 million), versus AED 1 …
UAE, Kuwait ink pact on avoiding double taxation
The agreement is part of the process of economic and financial integration and the free movement of capital between the two countries …