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Tag: tax

Posted on 08/03/2024

Mohammed bin Rashid issues Law on taxation of foreign banks in Dubai

In his capacity as the Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, issued Law No. (1) of 2024 on taxation of foreign banks …

Posted on 07/03/2024

Montfort considers sale of UAE fuel oil facility to Sinopec

A potential deal could enhance Sinopec’s efforts to expand its sales at the world’s third-largest bunker fuel hub.

Posted on 07/03/2024

Dubai’s virtual asset regulatory authority to onboard the Financial sector

In a recent interview with the CEO of Dubai’s virtual asset regulatory authority, Mathew White, he discusses the need to bring the UAE Banking sector and financial institutions onboard the virtual …

Posted on 07/03/2024

CEPAs help UAE firms expand globally, says Al Saleh

Once ratified, these agreements create new opportunities for businesses to thrive and expand globally, Abdulla Ahmed Al Saleh, undersecretary of the Ministry of Economy, said. Spe …

Posted on 07/03/2024

Heavy rains in UAE: Parks to be closed in Sharjah due to adverse weather

Authorities in Sharjah have announced the closue of all parks in the emirate due to the adverse weather conditions forecast over the weekend. Sharjah Municipality said that parks will remain closed …

Posted on 07/03/2024

UAE-India ties grow as DP World secures $422M for Gujarat container terminal

Dubai-based port operator DP World has reportedly secured a 35 billion-rupee ($422.23 million) loan from two Indian funders to build a mega container terminal in Gujarat, a province in the west of the …

Posted on 07/03/2024

PwC’s Academy helps tax professionals stay current on UAE VAT laws and regulations

The one-day event, attended by 50+ tax practitioners from across UAE included insights on crucial VAT updates, practical case studies for implementation, and key information to help tax teams navigate …

Posted on 07/03/2024

UAE bans price rises for rice, poultry, bread, dairy and more essentials ahead of Ramadan 2024

UAE Ministry of Economy will ban price rises on essential items and oversee sales on nearly 4,000 items during Ramadan 2024 …

Posted on 07/03/2024

UAE, Switzerland explore advancing trade and investment relations

He also promoted the advantages of the UAE’s dynamic business landscape to Swiss businesses seeking to expand into markets in Asia and Africa, including its strategic location, and world-class …

Posted on 07/03/2024

Dubai Holding opens submissions for the ‘Innovate for Tomorrow’ global sustainability challenge

Dubai Holding, a diversified global investment company with investments in 31 countries, is accepting applications to its ‘Innovate for Tomorrow Challenge’, inviting global innovators to share …

Posted on 07/03/2024

Time Out Dubai unveils the best 85 restaurants in 2024

Dinner by Heston Blumenthal is Time Out Dubai’s best restaurant of the year. Time Out Dubai unveils the best 85 restaurants in 2024. Dinner by Heston Blumenthal, jw marriott marquis dubai, the best 85 …

Posted on 07/03/2024

Dubai’s Success Coach Seif Al Hakim On Being “An Alpha” In Business

Dubai’s Success Coach Seif Al Hakim On Being An Alpha Male In Business On this week’s episode of the Smashi Business Show, they interviewed Seif El Hakim. He is an Internationally Acclaimed …

Posted on 07/03/2024

Dutch rules on foreign workers push Boskalis to expand in UAE

Boskalis, which also provides services to the offshore industry, is setting up a regional HQ in Abu Dhabi in the United Arab Emirates, Berdowski said, in an interview to coincide with the company’s …

Posted on 07/03/2024

UAE online shopping boom to hit $17bln by 2025

DUBAI, UAE – The UAE’s e-commerce market is on track for explosive growth, reaching a staggering $17 billion by 2025, according to a new report by leading quick-commerce (QC) platform YallaHub. This …

Posted on 07/03/2024

Masdar finalises $14 million joint investment in 3GW UK offshore wind project

Investment is set to bolster the UK economy while aligning with the UAE’s commitment to advancing net-zero objectives, both domestically and globally . Masdar finalises $14 million joint investment in …

Posted on 07/03/2024

UAE: Onion Prices To Drop By 20% As India Allows Exports After 3-Month Ban

Onion prices in the UAE are expected to drop by up to 20 per cent as India allowed exports of the commodity to the UAE after the three-month ban on …

Posted on 07/03/2024

NBA champions Denver Nuggets to play Boston Celtics in two pre-season games at The Abu Dhabi Games 2024

The Denver Nuggets will play against the Boston Celtics in exhibition tournament the Abu Dhabi Games 2024. The reigning NBA champions are set to take on the 17-time champions in two games across …

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