Abu Dhabi has established a new artificial intelligence council as it looks to develop and regulate an emerging technology sector and create investment and research opportunities.
IPT Energy expands Sharjah operations with new entity
IPT Energy, a prominent leader in the energy sector with origins in Lebanon since 1970, recently expanded its presence in Sharjah through the establishment of IPT Energy Trading. IPT Energy …
UPDATE 1-UAE’s ADNOC boosts lower-carbon budget to $23 billion
DUBAI, Jan 22 (Reuters) – The state-owned Abu Dhabi National … In late 2022, ADNOC at its board meeting approved a five-year business plan and capital expenditure of 550 billion dirhams ($150 …
Dubai’s ANAX Developments launches $128mln luxury tower in Business Bay
ANAX Developments, a subsidiary of ANAX Holding, has launched its first luxury tower in Dubai’s Business Bay area at the cost of 470 million UAE dirhams ($127.96 million). The 19-storey Vento Tower, …
HummingbirdEV to Open Microfactory for its Zero-Emission Commercial Vehicles in the United Arab Emirates
HummingbirdEV, a global provider of advanced commercial vehicle electrification systems, announced today it will establish a new advanced microfactory facility in the United Arab Emirates (UAE). The …
UAE: Formation to farewell: The tax group saga
In our last article, we have discussed the conditions to form a corporate tax group (tax group); and when the necessary conditions are fulfilled, the parent company has the option to establish a tax …
Dubai Customs Week boosts global trade security and flexibility
The ninth edition of Dubai Customs Week commenced with the theme “Digital Empowerment: Forging Impactful Partnerships”, underscoring the importance of cultivating purposeful partnerships and fostering …
DMCC, Danube Properties to develop new AED2bn residential towers in Dubai’s Jumeirah Lakes Towers
DMCC, the free zone authority in Dubai, has partnered with leading private developer Danube Properties to bring a new residential project to Jumeirah Lakes Towers district. The development will see …
DMCC and Danube properties partner to launch USD 545 million residential project in thriving JLT district
DMCC – the world’s flagship free zone and Government of Dubai Authority on commodities trade and enterprise – has partnered with Danube Properties to bring a new residential project to its thriving …
Dubai real estate: Luxe VENTO Tower nears completion in Business Bay
A new residential skyscraper in Dubai’s Business Bay neighbourhood is nearing the end of construction. VENTO Tower, developed by ANAX Developments, will see 225 apartments delivered by the fourth …
UAE records 28% increase in foreign investment projects, ranks second globally: UNCTAD
The United Nations Conference on Trade and Development (UNCTAD) said the UAE registered a 28 percent increase in new foreign investment projects during the year 2023, compared to 2022, recording the …
WTO moratorium on customs duties for e-comm trade must end: Experts
Ahead of the 13th Ministerial Conference of the World Trade Organization (WTO) to be held from February 26-29, 2024 in Abu Dhabi, United Arab Emirates, experts have advised the Indian government to …
Death Certificate, Burial Procedures to be Simplified in Abu Dhabi
Abu Dhabi, under the Abu Dhabi Programme for Effortless Customer Experience, has introduced the Sanadkom initiative, a groundbreaking effort to digitally consolidate services from seven governmental …
Dubai residential real estate predicted to soar to new heights in 2024; 20% jump in property transactions, 17% rise in market volume projected
The emirate’s housing market is tipped to reach AED 300 billion – or close to $82 billion – by the end of this year …
ViAct selected among top 30 startups at Dubai Centre for Artificial Intelligence’s Accelerator Programs
The program is aimed at deploying future technologies across key sectors in order to make Dubai a fast-paced technology landscape …
Fraudulent TDS withdrawal case: ₹55.5 crore diverted to Dubai firm as investments
The Enforcement Directorate’s money-laundering probe reveals that ₹55.50 crore of a tax refund fraud was diverted to Dubai-based firms via hawala channels. Assets worth ₹166 crore have been seized in …
Dubai records 3.3pc GDP growth for nine-month period
Dubai has registered a 3.3% rise in the real gross domestic product (GDP) in the first nine months of 2023, further demonstrating its economic strength, resilience and robust growth potential.