The Sharjah Real Estate Registration Department (RERD) has announced the publication of the second issue of “Sharjah Real Estate” Magazine, …
Sharjah Summer Promotions 2024 continues to attract huge turnout of visitors
Shopping malls across Sharjah have seen a notable increase in visitor turnout, accompanied by a significant uptick in shopping activity, since the commencement of Sharjah Summer Promotions on July 1.
India-UAE CEPA could lead to over Rs 63,000 crore of revenue loss as imports of precious metals, diamonds surge
A report by Global Trade Research Initiative has called for an urgent review of the provision to prevent exploitation of tariff clauses …
Ammar Ibrahim: A Visionary Investor And Philanthropist Making Waves In Dubai
Ammar’s business acumen and industry knowledge have allowed him to build a broad and varied investment portfolio, earning him recognition as a visionary investor in the region.
Dubai Customs enhances its competitiveness by obtaining ISO37001 Certification for Anti-Bribery
As a recognition of Dubai Customs’ commitment to professional integrity and transparency in applying the best standards and practices of anti-bribery management in all its customs services and …
UAE Hotel Group Hires Citi, First Abu Dhabi Bank for Catering Unit IPO
Abu Dhabi National Hotels has picked banks for a planned initial public offering of its catering business, joining a busy pipeline of new share sales in the Middle Eastern capital.
‘Don’t make delivery riders wait outside’: UAE residents urge restaurants, supermarkets to show compassion
Amid UAE’s scorching summer, often exceeding 45°C during the … Restaurants and institutions need to understand that they are a vital part of their business, and even before that, they are human.” …
WATCH: Dubai Police seize 640 bicycles, e-scooters from reckless riders
In a traffic safety campaign targeting reckless riders, Dubai Police have seized 640 bicycles and e-scooters for violations like speeding and not wearing helmets. The initiative emphasizes the …
UAE Updates Fines for Emirates ID and Residency Violations
The Federal Authority for Identity, Citizenship, Customs, and Ports Security (ICP) in the UAE has introduced new fines for messing up your Emirates ID, residency services, and more.
Is every free zone trader a qualified distributor to enjoy 0% tax?
Non-free zone resident juridical taxable traders are liable to pay tax on their global income, with a zero per cent tax rate on income up to Dh375,000 and a nine per cent rate beyond that. For natural …
Import prices rebound in June on rise in costs of petrochemicals, raw materials
South Korea’s import prices rebounded in June as a rise in prices of petrochemical goods and raw materials offset a fall in oil prices, central bank data showed Tuesday. The import price index rose 0.
Adnoc Gas awards Dhs2b contracts to expand UAE gas infrastructure
This world-first offshore deployment of RoboWell highlights how Adnoc is leveraging advanced technologies to drive efficiencies and ensure a secure, reliable and responsible supply of energy. Deployed …
Exclusive: India’s four-week platinum imports surpass 2023 total as gold shown as platinum
India’s four-week platinum imports from mid June eclipsed 2023’s total as bullion dealers exploited a loophole by registering alloys containing around 90% gold as platinum to avoid higher duties, …
India’s Platinum Import Loophole Sparks Industry Controversy
India’s platinum imports soared recently as bullion dealers exploited a regulatory loophole by registering alloys containing around 90% gold as platinum to benefit from lower import duties. This has …
Ind’s 4-week platinum imports cross ’23 total
Since April 1, dealers pay only 5% import duty on platinum against 15% on gold under the Comprehensive Economic Partnership Agreement signed between India and major bullion trading hub the UAE in 2022 …
Ancient ship — made of goat hair and reeds — reconstructed off Abu Dhabi, photos show
The unique vessel proved seaworthy, completing multiple “rigorous tests” that spanned 57 miles in the Arabian Gulf, researchers said. The ship, helmed by Emirati sailors and escorted by the UAE Coast Guard, reached speeds of 5.6 knots.
Banks in Abu Dhabi pump AED45.8 bn in financial facilities in first four months
ABU DHABI, 15th July, 2024 (WAM) – Gross domestic credit extended by banks operating in Abu Dhabi in the first four months of the year grew by 5 percent or AED45.8 billion to AED 961.9 billion from AED915.9 billion at the end of last year, according to UAE banking indicators by emirate released by the Central Bank of the UAE (CBUAE).