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Tag: tax

Posted on 29/04/2025

Dubai Customs seize over Dh42 million-worth fake goods in first 3 months of 2025

In a crackdown on counterfeit goods in the city, Dubai Customs carried out 68 seizures in the first three months of 2025 which were valued at about Dh42.195 million. During the year before that, the …

Posted on 29/04/2025

UAE Corporate Tax: Busting the 11 myths around free zone businesses and tax obligations

Free zone need to work on details to get their corporate tax details right Businesses based in UAE free zones do have some leeway when it comes to where they stand vis-a-vis corporate tax rules.

Posted on 29/04/2025

Aldar growth momentum continues with 33% rise in Q1 2025 net profit before tax to AED 2.2bln

Net profit before tax rises 33% YoY to AED 2.2 billion with net profit after tax rising 22% YoY to AED 1.9 billion. 1; Robust development sales of AED 8 …

Posted on 29/04/2025

Guests will soon use their faces to check in to Abu Dhabi hotels

Abu Dhabi introduces a face recognition system to elevate guest experiences and bolster safety in hotels. Guests will soon use their faces to check in to Abu Dhabi hotels. abu dhabi tourism, …

Posted on 29/04/2025

DCT Abu Dhabi enhances Hotel Guest Efficiency and Safety with Emirate-Wide Face Recognition System

Introduction of face recognition technology will enhance guest experience and support public safety regulations …

Posted on 29/04/2025

Akshaya Tritiya 2025: Looking to buy gold on auspicious day? See if Dubai or India gives you better rates

As we near the auspicious day of Akshaya Tritiya, you may be considering buying gold on the occasion. Check here to compare gold prices in Dubai and India to see which gives you better rates after GST …

Posted on 29/04/2025

IHC, ADQ and FAB pioneer UAE Dirham-backed stablecoin for the digital economy

Abu Dhabi, UAE – IHC, ADQ, and First Abu Dhabi Bank (FAB) have announced plans to launch a new stablecoin backed by Dirhams, which will be fully regulated by the Central Bank of the United Arab …

Posted on 29/04/2025

Mandatory E-Invoicing to Roll Out in UAE From 2026

The system will automate workflows and standardise invoicing, with aims to cut business processing costs by up to 66%.

Posted on 29/04/2025

We moved to Dubai for a better life and thought tax-free earning would make us rich – but we’re worse off than in UK

Since 2022, Russian nationals have bought up £4.8billion-worth of properties in Dubai that are either existing or being developed, according to economists with the EU Tax Observatory and Norway’s …

Posted on 29/04/2025

Race for $10 billion-plus offshore gas development heats up at controversial Middle East asset

The race is hotting up for the multibillion-dollar development of the Dorra offshore gas field in the shared neutral zone between Saudi Arabia and Kuwait, with multiple engineering, procurement, …

Posted on 29/04/2025

How A Dubai Company Built A 1,000-Strong Workforce In Just 20 Years

In an era defined by digital transformation and workforce localisation, Data Direct Group – a leading – Dubai-based business process outsourcing comp …

Posted on 28/04/2025

Israel favors upgrading US free trade deal, economy minister says

Israel has proposed revamping its four-decade-old free trade agreement with the United States, its economy minister said on Monday, as it looks to head off tariffs from its closest ally.

Posted on 28/04/2025

Sharjah Masters International Chess Championship set to begin on May 16

The Sharjah Cultural and Chess Club has announced the launch of the 8th edition of the Sharjah Masters International Chess Championship.

Posted on 28/04/2025

UAE to launch Dirham-backed stablecoin for digital economy

IHC, ADQ, and First Abu Dhabi Bank (FAB) have announced plans to launch a new stablecoin backed by Dirhams, which will be fully regulated by the Central …

Posted on 28/04/2025

UAE launches ‘Digital Wallet’ to provide integrated financial services to companies

The Ministry of Human Resources and Emiratisation (MoHRE), in cooperation with Abu Dhabi Islamic Bank, has launched the …

Posted on 28/04/2025

Why Expo City Free Zone is Dubai’s Next Big Business Hub in 2025

Dubai’s recent move to diversify its economy came as a strategic decision. In the current economic scenario, this announcement holds tremendous importance. First, it went on to popularize Dubai’s …

Posted on 28/04/2025

Business events and festivals set the stage for socio-economic growth, according to experts at Arabian Travel Market

According to Rasbey, events have been key to Ras Al Khaimah’s rising prominence: “Meetings, Incentives, Conventions and Exhibitions (MICE) is an important segment and has contributed significantly to …

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