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Tag: tax

Posted on 14/03/2024

Dubai food: Meet the man who ‘fixed’ the Four Seasons’ croissants

Trendy croissant shapes and hybrids come and go, but quality ingredients stand the test of time according to Four Seasons’ Pastry Chef …

Posted on 14/03/2024

Sheikh Mohammed bin Rashid pays tribute after death of Emirati business ‘pioneer’

Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, has paid tribute following the death of prominent Emirati businessman Saeed Juma Al Naboodah. Sheikh Mohammed said on social media that …

Posted on 14/03/2024

Dubai launches unified platform for ease of doing business

The government of Dubai has issued a decree on the Unified Digital Platform for establishing companies in Dubai, in an effort to enhance ease of doing business, a report said. The platform seeks to …

Posted on 14/03/2024

Dubai’s DP World posts 33% drop in profit in 2023

Dubai-based global port operator DP World reported a 33% drop in 2023 net profit attributable to the owners after separately disclosed items, to $820 million and said outlook remains uncertain due to …

Posted on 14/03/2024

4 areas in Dubai where RTA roadwork upgrades are complete

About 18 km of roadworks, as well as the installation of lighting poles along 17 km of existing streets has been completed in Dubai’s Margham, Lehbab, Al Lesaili, and Hatta …

Posted on 14/03/2024

Dubai Parkin sets final IPO price; to raise $429mln

Dubai’s Parkin, which operates public parking spaces in the emirate, has set the final price for its IPO at the top of the range at 2.10 UAE dirhams ($0.57) per share, raising AED1.6 billion ($429 …

Posted on 14/03/2024

Germany’s Mitgo Group acquires UAE-based finance platform Embedded

German technology firm Mitgo Group has acquired the UAE-based finance platform Embedded … which it said will support plans to launch a new business division – fintech services for affiliate …

Posted on 14/03/2024

Quincy Promes ‘arrested at Dubai airport’ at request of Dutch prosecutors after he was sentenced to SIX YEARS in prison for his role in smuggling 1,370kg of cocaine

They added: ‘The arrested man was reportedly staying in luxury in Dubai according to various media reports … Promes and a 32-year-old co-suspect were found guilty of importing, exporting, …

Posted on 14/03/2024

Dubai Commercity Records Unprecedented Growth In Its Digital Trade Operations

Dubai CommerCity, the first and leading free zone dedicated exclusively to digital commerce, and a joint venture between the Dubai Integrated Econom …

Posted on 14/03/2024

Quincy Promes ‘arrested’ at Dubai airport after being sentenced to six years in prison for smuggling cocaine

FORMER Dutch international Quincy Promes has been arrested at Dubai international Airport. According to reports in Holland, he is to be extradited back to his home country to serve a prison …

Posted on 13/03/2024

“Dubai Papers”: a French family who hid more than 100 million euros abroad convicted of tax fraud

In 2014, they agreed to have their money transferred to a Swiss charitable foundation. A “fictitious donation”, recalls the president of the court, who specifies that the agent was then used to pay …

Posted on 13/03/2024

Foreign governments face ban on owning British newspapers – effectively blocking Abu Dhabi-led Telegraph takeover

While the Telegraph sale is on course to be blocked in its current form, it could potentially still get the go ahead if a different ownership structure is agreed.

Posted on 13/03/2024

Unified Digital Platform Launched For Establishing Companies In Dubai

Dubai on Wednesday launched a unified digital platform for establishing companies in the emirate. The decree forms part of Dubai’s efforts to enhanc …

Posted on 13/03/2024

ED Seizes ₹37.5 Crore Assets Of Dubai-Based Businessman Vinod Khute

Mumbai: The Enforcement Directorate (ED) has attached overseas assets worth Rs 37.5 crore of Dubai-based businessman Vinod Khute, the owner of VIPS Group of Companies and Global Affiliate Business …

Posted on 13/03/2024

Probe agency attaches assets worth Rs 37.5 crore of Dubai-based businessman

The Enforcement Directorate (ED) attached overseas assets worth Rs 37.50 crore of Vinod Khute, owner of the Pune-based VIPS Group of Companies and Global Affiliate Business Company in … worth Rs …

Posted on 13/03/2024

Time’s ticking: Register for corporate tax before it’s too late!

Failure to apply for corporate tax registration within the specified deadline may result in a penalty of Dh10,000 …

Posted on 13/03/2024

UAE graduates join Adnoc’s Hail and Ghasha development

A group of UAE graduates recently joined the talented workforce powering Adnoc’s Hail and Ghasha development, the world’s largest gas project of its kind, ..

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