The UAE’s recent ban on cargo from Sudan’s Port Sudan, following severed diplomatic ties, is now impacting global crude oil trade, forcing tankers to alter their destinations.
UAE’s top-up tax on large multinational companies is given ‘transitional qualified status’
The OECD, comprising 38 of the world’s largest economies, has included the UAE’s 15 per cent tax on large multinational companies in its “transitional qualified status” list. The move is expected to …
Tax update: UAE gets OECD transitional qualified status for DMTT
The UAE Ministry of Finance said on Monday that the Organisation for Economic Co-operation and Development (OECD) has granted its Domestic Minimum Top-up Tax (DMTT) transitional qualified status. The …
Less Tax, More Luxury: Why Millionaires Are Moving To Dubai
Rich people are flocking to Dubai in record numbers, drawn to the desert city by its zero income tax policy and easy luxury lifestyle that has become harder to maintain elsewhere.
Drydocks World to fabricate world’s largest FLNG facility
Drydocks World, a DP World company, has secured an engineering, procurement and construction (EPC) contract from AMIGO LNG for the fabrication and delivery of the world’s largest floating liquefied …
Bluerails launches on-chain treasury platform for yield and instant global payouts
Dubai-based fintech introduces solution to strengthen treasury operations and support global payments for businesses …
UAE sends more humanitarian aid to Gaza amid rising hunger, famine
Almost two years since Israel’s invasion, famine was formally confirmed for the first time in parts of Gaza on Friday with almost a quarter of the population facing starvation, according to the …
Bitcoin News Today: UAE Becomes Fourth-Largest Government Bitcoin Holder with $700M Reserve
The United Arab Emirates (UAE) has established itself as a key player in the Bitcoin market. It currently owns about 6,300 BTC, worth roughly $700 million. Acco …
UAE requires security escorts for kashrut supervisors at food plants
Amid rising threats from Iran and its proxies, UAE authorities ordered security escorts for kashrut supervisors at food plants, raising supervision costs and heightening Jewish security.
Dubai warns engineering firms against exaggerated designs for citizens’ villas
The Dubai Municipality issued warnings to several engineering consultancy firms concerning practices that included exaggerated structural designs for …
Dune: Part Three to film in Abu Dhabi’s Liwa Desert later this year
The Dune franchise is returning to Abu Dhabi for a third time. Dune: Part Three, set to release in December 2026, will begin shooting in the UAE capital “later this year”, according to the Abu Dhabi …
Dune: Part Three returns to Abu Dhabi’s Liwa Desert
The Dune franchise is returning to Abu Dhabi for a third time. The upcoming Dune: Part Three, set to release in December 2026, will begin shooting the UAE capital “later this year” according to the …
Dubai warns engineering firms over exaggerated designs for citizens’ villas
The Dubai Municipality issued warnings to several engineering consultancy firms concerning practices that included exaggerated structural designs for …
Dubai Investments to build pharmaceutical manufacturing facility in Angola
Signed during the UAE delegation’s visit to Angola, under the agreement Globalpharma will set up operations in DIP Angola to produce essential medicines locally …
UAE Becomes 4th Largest Government Bitcoin Holder
UAE becomes 4th largest Bitcoin holder, mining 6,300 BTC via Citadel Mining as part of its digital economy strategy.
Sharjah: Reported crimes drop by 22% in first half of 2025
Sharjah authorities announced that the number of crimes reported have dropped by 22 per cent in the first half of 2025, compared to the same period last year. The decrease is a “positive indicator of …
UAE President arrives in Egypt for fraternal talks after concluding state visit to Angola
UAE President Sheikh Mohamed bin Zayed Al Nahyan arrives in Egypt’s New Alamein City for diplomatic discussions with President Abdel Fattah El-Sisi after a significant state visit to Angola. The …