Gulf central banks have been raising interest rates in line with the Federal Reserve over the past couple of years as the US central bank tries to bring down inflation from a multi-decade high. The …
UAE: Impact of corporate tax on free zone entities
Normally, free zone entities holding properties in UAE mainland will be subject to 9 per cent tax rate. The only exception is in regards to income from commercial properties held by qualifying free …
UAE: Want to plant a tree? Open a bank account or stay in a hotel room
Dubai Islamic Bank (DIB) has announced its plan to plant a tree for every new customer who opens an account with the bank. DIB has partnered with Emirates Environmental Group and The Storey Group for …
Quinn Emanuel Hits King & Wood Mallesons for UAE Launch
The UAE is without doubt one of the most exciting, energised places on Earth,’ says John B. Quinn, as the firm opens two offices in the country.
Dubai Chambers launches new Mohammed Bin Rashid Al Maktoum Business Award
The award is the highest level of recognition for organisations that contribute to the sustainable development of Dubai’s dynamic business community …
UAE: Want to plant a tree? Open a bank account
As UAE marks 2023 as the Year of Sustainability, companies in the UAE are coming up with novel ideas to contribute to efforts combating global warming …
Dubai Islamic Bank announces One Tree for Everyone
Dubai Islamic Bank (DIB) has today announced that it will plant one tree for every new customer who opens a DIB account. Through this novel initiative, …
UAE: Top reasons why residents’ Schengen, US visas get rejected
as well as problems with the bank statements. Monaco: 0 per cent Hong Kong: 5 per cent India: 7 per cent UAE: 10 per cent Singapore: 10 per cent Philippines: 12 per cent According to the World of …
Spinneys IPO; First RSG flight to new Saudi airport; New UAE Mahzooz prize system – 5 things you need to know today
Over the weekend, Arabian Business covered some of the most happening stories in the region, which included Red Sea Global celebrating its first flight into Saudi Arabia’s newest international airport …
UAE minister urges nations to seize the climate opportunity at COP28
Mariam Bint Mohammed Almheiri, the UAE Minister of Climate Change and Environment, called upon global nations to leverage the significant opportunity offered by COP28 in the UAE …
Supermarket franchisee Spinneys Dubai plans IPO in 2024: Report
The potential IPO, planned on the Dubai Financial Market, would add to the growing regional food retail sector …
Supermarket Franchisee Spinneys Dubai Plans IPO in 2024
(Reuters) – Spinneys Dubai LLC, the franchisee of the supermarket chain in the United Arab Emirates and Oman, is planning an initial public offering of the business in the second quarter of 2024, …
Dubai announces tourist attraction road sign update
Dubai has announced a major update to the way it issues road sign permits. It means major tourist attractions, health facilities and transport hubs can apply to have road signs created directing …
Dubai’s RTA Announces New Way To Apply For Information Signs On Roads
This system is now integrated with various other systems, including the financial and electronic mapping systems as well as the company licensing systems of the Dubai Chamber of Commerce. RTA issues …
Opium lined in shoes, shirt buttons or mixed with protein? How Dubai Customs can still find it
Mohammed Al Ghaffari, Executive Director, Human Resources, Finance and Administration Division at Dubai Customs, said the Customs Training Centre which provides specialised and professional training …
Lulu Group IPO to be launched early next year, shares to be listed in Gulf
Lulu Group International, the hypermarket chain and mall operator, is planning to launch its initial public offering (IPO) in the first half of next year. The stock is expected to be listed in the …
Inside The Life Of Real Estate Agents In Dubai: Midnight Calls, Relentless Hustle, High Stake Windfalls
Dubai’s real estate market is on fire, scorching its way to a staggering Dh177 billion in transactions during the first half of 2023. This financial frenzy sets the stage for the captivating lives of …