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Tag: tax

Posted on 22/04/2025

UAE’s ADNOC inks deal with China’s largest offshore producer as US tariffs bite

A third deal has been struck between a Chinese entity and the Abu Dhabi National Oil Company as Beijing scrambles for alternative sources to replace the US supply.

Posted on 22/04/2025

Israel optimistic on reaching trade deal with US, economy minister says

Israel is hopeful that it will reach a trade agreement with the United States before a pause to a barrage of U.S. tariffs on global imports expires on July 9, Israeli Economy Minister Nir Barkat told …

Posted on 22/04/2025

3,000-year-old necropolis found for first time in Abu Dhabi. See ‘mystery’ site

A large necropolis discovered in an ancient oasis provides a missing piece to the archaeological puzzle of the Iron Age, officials said. Screengrab from the United Arab Emirates’ Department of Culture …

Posted on 22/04/2025

Sharjah allocates 23 specialised vehicles for elderly and People of determination

Based on a decision by the Sharjah Executive Council (SEC), the specialised transportation service for the elderly has been transferred from the Sharjah …

Posted on 22/04/2025

Emirates NBD’s profit before tax surges 56% surge to Dh7.8b

Emirates NBD, a leading banking group in the UAE, announced a remarkable 56 per cent increase in profit before tax, reaching Dh7.8 billion for the first quarter of 2025. The bank’s performance was …

Posted on 22/04/2025

UAE: New generation of entrepreneurs transforming concept, purpose, and culture of enterprise

CEO of the Sharjah Entrepreneurship Centre proud to see founders achieving their goals while addressing complex challenges; from food security to inclusive and accessible services.

Posted on 22/04/2025

Emirates NBD’s profit before tax rises to AED7.8 billion in Q1

Emirates NBD’s Profit before tax rose 56 per cent to AED7.8 billion in the first quarter of 2025 as strong lending momentum, an improvement in deposit mix and new products drove an 11 per cent year-on …

Posted on 22/04/2025

UAE fintech market to reach $3.56 billion in 2025: Forbes report

A Forbes report has forecast that the financial technology (fintech) market in the UAE is expected to reach US$3.56 billion in 2025, and US$6.43 billion by 2030, with a compound annual growth rate …

Posted on 22/04/2025

‘Felt humiliated’: UAE-based businessman shares ordeal with Indian Customs over his Rolex

When UAE-based businessman Vasu Shroff, known as Dubai’s Textile King, landed at Jaipur Airport at 7.30pm on April 12, he was expecting a peaceful welcome. Instead, the 85-year-old entrepreneur said …

Posted on 22/04/2025

Dubai Culture brings Makers’ Month to spotlight innovation in manufacturing

Khulood Khoory, Director of the Projects & Events Department at Dubai Culture, stressed how Makers’ Month bridges creativity and industry. She said: “Through our projects and strategic partnerships, …

Posted on 22/04/2025

Metallica announced as the third headliner for the Abu Dhabi Grand Prix 2025

If you like your concerts with a side of heavy metal, then the latest Abu Dhabi Grand Prix announcement is for you – the iconic band Metallica is coming for this year’s after-race concerts.

Posted on 22/04/2025

ADNOC Drilling wins offshore services deal amid expansion drive

By Editorial Abu Dhabi National Oil Co.’s (ADNOC) drilling arm has landed a significant five-year contract valued at $1.63bn (AED5.99bn) from sister company ADNOC Offshore. ADNOC Drilling confirmed …

Posted on 21/04/2025

The tax obligations for a UAE resident donating to NGO in India

You may donate to the NGO through normal banking channels. If the NGO is registered under section 80G of the Income Tax Act, you will also be eligible to claim a tax deduction.

Posted on 21/04/2025

6 things to do in Abu Dhabi this week: April 21 to 24

No time to waste… The last week of April is here (pretty much), but there’s no scarcity of great things to see, do and experience in Abu Dhabi. On that note, here are 6 things to do in Abu Dhabi this …

Posted on 21/04/2025

Awqaf Abu Dhabi Director General engages Emiratis in a series of majlis visits to highlight the enduring power of endowments

Showcases Awqaf Abu Dhabi’s contribution to Abu Dhabi’s economic diversification and GDP growth Abu Dhabi, UAE: In alignment with the vision of the UAE’s Year of Community, the Endowments and Minors’ …

Posted on 21/04/2025

Sharjah Ruler inaugurates ‘Prophet’s Neighbours’ endowment project

His Highness Dr Sheikh Sultan Bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, inaugurated, on Monday, the …

Posted on 21/04/2025

Dubai wants every future digital company to be AI-first: UAE minister

Dubai aims to be a business-friendly artificial intelligence hub with every future digital company being AI-driven, according to a UAE minister.

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