Citigroup Inc. is extending $500 million to a subsidiary of Abu Dhabi’s Astra Tech, marking one of the largest single financing facilities secured by a United Arab Emirates-based fintech firm.
Indian businesses top new companies joining Dubai Chamber of Commerce
Indian investors continued to top the list of new non-Emirati companies joining the Dubai Chamber of Commerce during the first nine months of 2024. A total of 12,142 new India companies joined the …
DCT Abu Dhabi’s remarkable journey of growth: Hotels welcome 4.8mln guests, cultural events draw 21% more visitors
Abu Dhabi, UAE – The Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) is continuing its transformative journey of growth, with the emirate’s hotels welcoming 4.8 million guests and seeing …
Abu Dhabi adds 37,000 tourism jobs to workforce this year on visitor surge
Abu Dhabi added 37,000 jobs to its tourism sector in 2024 as more visitors flocked to the emirate’s hotels, restaurants and attractions amid increased investments in promotional campaigns globally.
Sharjah allocates 41% for infrastructure in its mega $11.4bln budget
This budget aims to foster financial sustainability, uphold a decent standard of living, and promote social welfare for all residents …
UAE Government unveils ‘Data Index’ to strengthen data governance
The index adheres to global best practices and standards in statistics and data management The UAE Government launched the ‘Data Index’, a benchmark developed to enhance government performance and …
Arab Health 2024 contributed $269.7m to Dubai economy: Informa
Tourism and hospitality key beneficiaries of Arab Health as accommodation spend during the 2024 event totalled more than $56.2m …
Sheikh Mohammed establishes Dubai Resilience Centre
The Dubai Resilience Centre.is aimed at reinforcing Dubai’s status as one of the world’s most agile cities in managing emergencies and disasters.
UAE Ministry announces amendments to ministerial decisions on tax groups
The UAE Ministry of Finance has announced amendments to existing Ministerial Decisions through the issuance of updated Ministerial Decision No. (301) of 2024 …
DOSC Winter Regatta & IRC Middle East Championships a big success
The Dubai Offshore Sailing Club (DOSC) recently celebrated a spectacular weekend of competitive sailing, hosting the Winter Regatta and IRC Middle East Cha..
Egypt, Bahrain, UAE Agreements To Ease Customs Process
Egypt is gearing up to finalize two landmark agreements with Bahrain and the UAE in early 2025. These deals aim to drastically reduce customs clearance times for imports and exports to just a few …
UAE simplifies corporate tax processes for foreign permanent establishments
The UAE Ministry of Finance on Monday announced a series of administrative reliefs and clarifications for businesses forming tax groups. The revised provisions simplify the requirements imposed on …
UAE emerges global leader in race to define the future of technology
Staff Reporter, Gulf Today The inaugural Bitcoin Mena 2024 has concluded on strong note after exciting insights from global Bitcoin sector leaders …
UAE firms rapidly adopting cloud, boosting AI investment: SAP
The survey examined several key factors for effective AI implementation including whether companies are operating their core business functions on the cloud …
Dubai launches on-site customs inspection at company warehouses
The initiative, which provides two customised options of inspection, reduces customs processing times by more than 50 per cent …
Abu Dhabi’s Plastic Bag Use Falls by 364 Million Since 2022
Abu Dhabi has made significant strides in reducing plastic waste, with the Environment Agency—Abu Dhabi (EAD) announcing on Monday that the consumption of plastic bags in the emirate has decreased by …
World’s first flying taxi service to launch in Abu Dhabi
World’s first flying taxi service to launch in Abu Dhabi – Archer Aviation’s eVTOL aircraft will serve passengers travelling between multiple ‘vertiports’ in the UAE capital …