Sharjah has discovered new gas reserves in the onshore Al Hadiba field. The emirate, however, did not reveal the total volumes of gas discovered but said the field located north of the Al Sajaa …
UAE Federal Tax Authority carries out 39,470 inspection visits in 2023, an annual increase of 80.71%
Abu Dhabi, UAE – 5 May 2024 – The Federal Tax Authority (FTA … “Through these partnerships, key objectives have been achieved, most notably raising tax awareness among business sectors and consumers …
IFSCA Circular: Import UAEGD Gold Protocol Explained
May 03, 2024 This has reference to the IFSCA Circular 415/IFSCA/Consolidated Operating Guidelines/2023-24 dated December 13, 2023 on the captioned matter, which facilitated the participation of valid …
UAE, Uzbekistan sign deal to boost digital infrastructure development
The Ministry of Investment of the UAE and the Ministry of Digital Technologies of the Republic of Uzbekistan have signed an investment memorandum, …
Sharjah to attend international book fair in Greece as guest of honour
Honouring Sharjah as the Guest of Honour at this renowned cultural event also recognises its central role as one of the key World Book Capitals …
Saud Bahwan Group Signs on as Strategic Partner for 2024 AIM Congress in Abu Dhabi
The 2024 AIM Congress welcomes Saud Bahwan Group as the Strategic Partner for its 13th edition, held with the sup …
UAE Quietly Boosts Oil Production Capacity Ahead of OPEC Meeting
The production capacity hike comes as the UAE’s oil production fell in March, according to OPEC’s secondary sources as the group struggles to bring production down to agreed-upon levels in hopes of …
Bahrain introduces new tourist tax on hotel accommodations
Tourist tax of three Bahraini dinars per day to generate significant revenue stream Dubai: The Ministry of Tourism in Bahrain has announced a new tourist tax on hotel accommodations throughout the …
UAE’s EGA completes acquisition of Leichtmetall in European expansion push
Emirates Global Aluminium, the UAE’s largest industrial company outside the oil and gas sector, has completed the acquisition of Germany’s Leichtmetall Aluminium as it looks to expand its presence in …
UAE construction sector remains strong in face of challenges from weather, skills shortages, material costs and Saudi competition
The UAE construction sector remains strong … Profit margins continue to rise according to net sentiment, recording a +13 per cent this quarter. Meanwhile, New Business Enquiries posted another …
5 things to know for May 3: Campus protests, Trump trial, Beef recall, Dubai rain, Space race
Another round of heavy rain returned to the United Arab Emirates on Thursday, forcing widespread business closures and flight cancellations … The rainfall was not as heavy as the event two weeks ago …
UAE contributed 44.1% to Japan’s total oil imports in March 2024
TOKYO, 30th April, 2024 (WAM) — In March, Japan’s oil imports from the UAE totaled 32.77 million barrels, constituting 44.1 percent of the overall imports, as per data from the Natural Resources and …
ZEX PR WIRE Joins Dubai FinTech Summit as Official Content Distribution Partner
Figure 1: ZEX PR WIRE Joins Dubai FinTech Summit as Official Content Distribution Partner The Dubai FinTech Summit is poised to be a premier gathering of decision-makers, thought leaders, and …
Bank of Sharjah reports net profit of $22mln in Q1 2024
Bank of Sharjah has reported a net profit of 80 million UAE dirhams ($21.78 million) for the first quarter of 2024. No comparative figures from Q1 2023 were given, as the bank delinked numbers from …
UAE President Sheikh Mohamed receives condolences from Rulers of Sharjah, Umm Al Quwain, Representative of Sultan of Oman
Supreme Council Member and Ruler of Sharjah; His Highness Sheikh Saud bin Rashid Al Mu’alla, Supreme Council Member and Ruler of Umm Al Qaiwain; and Sayyid Asaad bin Tarik Al Said, Deputy Prime …
Dubai’s business park operator posts 15% rise in Q1 2024 profit
Dubai business park operator TECOM Group posted a 15% year-on year (YoY) rise in Q1 2024 net profit to 293 million dirhams ($79.8 million) due to demand from new and existing customers. Revenue …
UAE’s April non-oil business activity slows sharply on flood impact, PMI shows
DUBAI, May 3 (Reuters) – Growth in the United Arab Emirates’ non-oil business sector eased to its lowest level in eight months in April, a survey showed, as companies felt the impact of the country’s …