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Tag: tax

Posted on 27/02/2024

Dubai market shifts towards emerging homegrown artists

Art Dubai’s more recent shifts reflect the changes in the city, particularly that of its burgeoning fintech industry—which the fair is meeting with its dedicated and expanding digital section. And the …

Posted on 27/02/2024

Buy Now, Pay Later Boom in the UAE: Market Soars at 52% CAGR, Fueled by Digital Adoption and E-Commerce Growth: Ken Research

According to Ken Research estimates, the KSA Lending Market –in 2022 at a CAGR of 50.4% owing to growing demand for financing penetration in the sector. KSA’s private consumption expenditure has risen …

Posted on 27/02/2024

UAE Corporate Tax: Ministry of Finance to impose Dh10,000 penalty on companies for late registration

Penalties set in line with the late registration penalties imposed for Execise Tax, VAT Abu Dhabi: An administrative penalty of Dh10,000 will be imposed on companies for late registrations for UAE …

Posted on 27/02/2024

Dubai: Parkin IPO to offer good returns on consistent parking demand

The Parkin’s initial public offering (IPO) is a good investment option in one of the best public companies in the UAE offering to pay a semi-annual dividend in April and October, experts say.Market …

Posted on 27/02/2024

DCC partners with Worldef International to host cross-border digital trade forum in Dubai

Partnership includes sponsoring the inaugural edition of Cross-Border Digital Trade Forum”and establishing a Digital Commerce Academy …

Posted on 27/02/2024

Dubai Customs Unveils ‘Impactful Innovations’ At UAE Innovates 2024

Reinforcing Dubai Customs’ Commitment to Excellence and Innovation The commencement of the Dubai Customs activities during the Emirates Innovation Month ‘Emirates Innovates 2024’ was marked with the …

Posted on 27/02/2024

Explainer: WTO meeting in Abu Dhabi – what’s at stake?

Ministers from across the globe are convening at the World Trade Organization (WTO) Ministerial Conference in Abu Dhabi from Feb. 26-29 to try to set new rules for global commerce, including reforming …

Posted on 27/02/2024

First Hindu stone temple in Abu Dhabi to open for public on March 1

File The first Hindu stone temple in Abu Dhabi, which was inaugurated by Prime Minister Narendra Modi earlier this month, will be opened to the public from March 1, according to the temple authorities …

Posted on 27/02/2024

Dubai and Abu Dhabi experience surging property demand and high rental yields according to dubizzle findings

As per user search trends on dubizzle, DAMAC Hills 2 has emerged as the top area for affordable villas in Dubai, followed by Dubailand and Jumeirah Village Circle. Meanwhile, with an overall increase …

Posted on 27/02/2024

Sharjah Police seized drugs worth more than Dh115m in 2023

Sharjah Police confiscated drugs valued at more than Dh115.3 million ($31.4 million) last year, highlighting progress in the emirate’s battle against trafficking. The force said there was a 24 per …

Posted on 27/02/2024

UAE’s $35bn investment to develop Ras Al Hikma provides lifeline for Egypt’s economy

A deal between Egypt and the UAE to develop the coastal city of Ras Al Hikma, under which Cairo will receive $35 billion, will provide a big boost to the country’s economy, analysts say.The deal, …

Posted on 27/02/2024

Dubai to List Public Parking Business as Population Surges

(Bloomberg) — The Dubai government plans to sell a 25% stake in the city’s public parking business in an initial public offering, as it seeks to capitalize on the emirate’s expanding population. Most …

Posted on 27/02/2024

Redefining Finance: KSA Fintech Market Soars at 12.5% CAGR, Fueled by Vision 2030 and Digital Transformation: Ken Research

The Kingdom of Saudi Arabia fintech landscape is experiencing a groundbreaking transformation, fueled by ambitious national goals outlined …

Posted on 27/02/2024

Gold prices in United Arab Emirates Today Tuesday 27 February

Globally, the price per ounce of gold opened at AED 7470.14 ($2033.84) early today, according to Goldprice.org, with gold in the UAE subject to a 5% value-added tax.

Posted on 27/02/2024

Oil India Limited Sets Stage for Global Energy Expansion with ‘Confluence’ Roadshow in Abu Dhabi

To support these goals, OIL has outlined plans to invest USD 4.8 billion in initiatives focusing on exploration, field development, production acceleration, and a significant expansion into offshore …

Posted on 27/02/2024

Dubai South and Aldar partner to develop grade a assets in Dubai South Logistics District

Through the partnership, Aldar and Dubai South will work collaboratively to bring new … The plot – adjacent to global brands including Amazon, Noon and DHL – offers dual customs solution and is …

Posted on 27/02/2024

COTU Ventures launches $54M fund for pre-seed and seed startups in MENA

Dubai-based early-stage venture capital firm COTU Ventures … revealed in an interview with TechCrunch that COTU Ventures is inclined slightly towards fintech and B2B software. However, the firm is …

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