In a UAE Foreign Ministry statement that was shared by WAM news agency, it was announced that “the competent authorities in the UAE have decided that the standard processes will be reinstated to their normal state before the unforeseen circumstances.”
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Dubai real estate financier completes first project
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UAE Consulate warns Emiratis of US ‘weather bomb’
Dubai: The UAE Consulate in Boston has issued a warning to residents living or travelling to the US, urging them to follow safety precautions as freezing sub-temperatures are set to hit the East Coast. In the event of an emergency, citizens can contact …
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UAE’s auto dealers find ways to ease the VAT burden
DUBAI: Ease the VAT (value-added tax … So the challenge for dealerships, especially those in the volume business, is to remove the VAT concern. Which is why Al-Futtaim Motors in its first 2018 campaign states emphatically that “our prices are locked …
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UAE jewellers absorb VAT on diamond jewellery
Dubai: Putting off your diamond jewellery purchase because of value-added tax (VAT)? Don’t, as more of UAE’s jewellers are willing to absorb the VAT component on diamonds. Jewellery retailers are doing everything in their power to ensure that the …
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UAE, Saudi Arabia’s non-oil economies end 2017 on a high note
The non-oil private sectors of Saudi Arabia and the UAE, the Arab world’s largest economies, ended 2017 on a high note with business conditions improving at the sharpest pace in 34 months in the UAE, according to the latest Purchasing Managers’ Index …
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Dubai Airport saw 5.6% growth in passenger traffic in Nov
Dubai International (DXB) attracted close to seven million passengers in November 2017 compared to 6.6 million a year ago, registering an increase of 5.6 per cent. According to the monthly traffic report issued by operator Dubai Airports, passenger numbers …
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Dubai Police launch new identity
Dubai: Security, communication and innovation are the three defining facets of Dubai Police’s new identity which was unveiled on Thursday as part the force’s strategic plan and the Dubai government’s Vision 2021. Major-General Abdullah Khalifa Al …
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UAE bans import of live birds from Netherlands
Dubai: The UAE has banned the import of live birds from the Netherlands following an outbreak of the highly contagious H5N8 bird flu strain, the Ministry of Climate Change and Environment said on Thursday. The World Organisation for Animal Health (OIE …
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Dubai to build new record-breaking skyscraper
Dubai is already home to the world’s tallest tower – the Burj Khalifa – yet now it’s building one which is even taller. Around it, the developers are planning a skyscraper city big enough to house 400,000 people. But with Dubai property prices falling will …
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UAE salaries: VAT set to eat into pay rises, new report says
“Employers in Saudi and UAE are bracing for a challenging time as they battle with managing business costs and meeting the expectations of disgruntled employees,” the HR consultancy said. Businesses and employees are preparing for additional complexities …
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UAE private sector turns in a solid December performance
Dubai: There was quite a bit of end-of-the-year cheer for UAE’s economy, with business conditions for the “private sector improving at its best pace” in 34 months during December. New orders and output gains were helped by higher export orders …
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UAE non-oil private sector growth hits 34-month high
The Dubai Bank’s purchasing managers’ index, produced by IHS Markit, showed business conditions improving at the sharpest pace since February 2015 with steep expansion in output and new orders and strong export demand growth. This meant the headline …
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Trade, Tourism Main Drivers of UAE’s Growth Over Next 5 Years: Analysts
Mathew said the UAE has been known for its tax-free status and a move towards introducing tax may need a significant overhaul of how the business operates in the region especially for the unorganised SME sector. “SMEs are going to face challenges …
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Nakheel awards $105m deal to build all-inclusive Dubai resort
Deira Islands, which is expected to have a population of 250,000 and to create 80,000 jobs, will add 40km of coastline to Dubai. Subscribe to Arabian Business’ newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC …
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Dubai Duty Free has record sales in 2017, reversing a two-year decline
The gain in 2017 reversed two years of decline in sales at Dubai Duty Free. “We are pleased to announce such a positive year with 2017 marking our thirty-fourth year in business,” said Colm McLoughlin, executive vice chairman and chief executive officer of …
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Look: Dubai lights up with Thank You’s
Dubai: The accession day of His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, has been dedicated to Abu Dhabi’s Crown Prince. And on cue, the city of Dubai lit up on Wednesday night to …
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