According to UAE corporate tax law, foreign juridical persons are considered UAE resident persons for tax purposes if they have a place of effective manage..
Emirates is dealing with a 30,000 bag backlog as it grovels to customers about its handling of Dubai floods
Emirates flights were cancelled after flooding hit Dubai last week, leaving the airlines dealing with one of its toughest weeks operationally.
Dubai attracted 9 multinationals worth $83bn last year
Dubai Chamber of Digital Economy has revealed that the combined market value of the nine multinational companies (MNCs) it successfully attracted to Dubai last year exceeds AED304bn ($82.84bn).
Giant drillship ordered for $806m and never traded after 2017 launch heads for scrap
An unknown offshore player has provided some much-needed tonnage Indian ship recycling sector in the form of a giant drillship. The 70,000-dwt drillship in question was due to arrive at Alang on …
Du announces the launch of “du Pay”, offering transformative fintech solutions for UAE residents
Pay is set to boost the transition towards a cashless economy and support the national digitalization agenda, delivering exceptional convenience, inclusiveness, and security for all users …
New sector expansion figure as top priority for next-gen of Dubai’s family businesses: Survey
Need for business development and the adoption of new technologies figured second and third in terms of priorities …
UAE insurance firms brace for ‘influx’ of claims as cars damaged, abandoned in heavy rain, floods
With an “influx in claims” expected by insurers in the coming days, the impacts of this week’s adverse weather will likely be felt by the UAE insurance market for some time …
India’s Klub close to striking deals with UAE, Saudi investors for $275mn Middle East SME funding
The Indian financing platform worked on the funding deals with investors in the region following it was granted approval by the Financial Services Regulatory Authority (FSRA) of ADGM for managing cred …
UAE’s Masdar explores China entry to boost clean energy capacity
Abu Dhabi clean energy company Masdar is planning a possible entry into China, the world’s largest renewable energy market, as the company looks to reach a renewable energy capacity of 100 gigawatts …
Abu Dhabi’s Offset Program attracts 50 projects worth AED 6 billion
Industrial Development Unit at Offset Program Bureau (OPB) said 50 projects worth AED 6 billion were attracted by Bureau in the UAE between 1992 and late 2010. “OPB is now considering new feasibility …
Second Industrialists Career Exhibition launches in Abu Dhabi
The second edition of the Industrialists Career Exhibition began today in the presence of Sultan Al Jaber, UAE’s Minister of Industry and Advanced Technology, Ghanam Butti Al Mazrouei, Secretary …
Dubai family business focuses on growth, tech adoption: Survey
The Dubai Centre for Family Businesses, which operates under the umbrella of Dubai Chambers, has revealed the results of a survey …
Sharjah launches safety drive to help those hit by rain
Sharjah Media City (Shams) promptly responded to the initiative and becoming the first government entity to join the network that aims to open reliable channels to receive donations from individuals …
Next generation of Dubai family businesses seek new sectors
The next generation of family business members in Dubai is the most focused on expanding their businesses into new sectors and markets as a top priority over the coming two years, a study shows. The …
UAE Federal Tax Authority urges resident juridical persons with licenses issued in January and February to submit Corporate Tax registration applications by 31 May 2024
The Federal Tax Authority (FTA) has called on resident juridical persons who are taxable persons for Corporate Tax purposes with licenses issued in January and February (regardless of the year of …
Dubai family business survey highlights focus on growth, technology adoption
The Dubai Centre for Family Businesses, which operates under the umbrella of Dubai Chambers, has revealed the results of a survey conducted to gauge the opinions, aspirations, and strategies of the …
UAE’s Fintech Fortis Secures $20M in a Series A Round
Fortis, a retail tech and fintech solutions provider tailored for SMEs, announced the successful completion of Series A fundin …