Taxes are increasing across the Gulf, and the UAE is seeking to boost tax compliance as well as cut down on money laundering.
UAE says it has stopped taking part in U.S.-led Gulf maritime coalition
The United Arab Emirates said on Wednesday it was no longer taking part in operations by a U.S.-led task force protecting Gulf shipping, which has been subjected to renewed tanker seizures by Iranian …
EDB unveils $115m in major financing deals at Forum
Emirates Development Bank (EDB), the financial engine for UAE’s economic development and industrial advancement, has unveiled a comprehensive set of approvals for financing deals totalling AED424 …
Emirates Development Bank unveils AED 424mln in financing deals at Make It in the Emirates Forum
Specializing in aluminum extrusion, OSE Industries produces specialty products including extruded microchannel tubes, Financing provided by EDB supports an expansion project, which aims to increase …
David Adjaye’s New Interfaith Complex Welcomes All in Abu Dhabi
That was the challenge posed to Sir David Adjaye when designing the Abrahamic Family House, a new interfaith complex in Abu Dhabi’s Saadiyat Cultural District. Opened in March, the project unites …
Sharjah Chamber’s trade mission to India highlights investment opportunities available in Sharjah
UAE-India Business Forum Paves Way for Stronger Economic Ties and Promising Opportunities in Sharjah and New Del …
Dubai real estate: Wealthy elite flocking to Palm Jumeirah, Emirates Hills to spend $2.5bn, report reveals
Dubai has become a “magnet” for the world’s wealthy as they flock to the emirate to buy luxury properties worth $10 million and above Dubai real estate: Wealthy elite flocking to Palm Jumeirah, …
Cost management and the Year of Sustainability in the UAE
Nicky Dobreanu, Branch Director of Omnium International, explains how the firm provides comprehensive and accurate information to clients on the various aspects of construction commercial management.
World’s largest: Aramco awards Chinese contractor multi-billion dollar seismic contract
Chinese seismic giant BGP has won multiple multi-billion-dollar deals from Saudi Arabia’s state-owned Saudi Aramco to conduct onshore and offshore seismic surveys in Saudi Arabia, claimed by sources …
Mubadala-backed Tabby increases debt facility to $350 million
Dubai-based buy now, pay later platform Tabby has more than doubled its debt facility to $350 million in a new financing round. The Mubadala-backed FinTech company secured the financing from global …
Russian Steel Tycoon Joins Business Elite Opening in Abu Dhabi
Russian steel tycoon Vladimir Lisin has become the latest high-profile businessman to set up in Abu Dhabi with a series of new offices and special purpose vehicles.
Flat6Labs deploys $10.2mln in start-up funding to enrich Abu Dhabi entrepreneurship ecosystem
The highly tailored program has led to investments of US$10.2 million into 38 promising start-ups Abu Dhabi, United Arab Emirates – Two years since the launch of its flagship Flat6Labs Ignite Program, …
Dubai’s road authority weighs possible IPO of taxi business -sources
Dubai’s transport regulator is in the early stages of exploring strategic options for its assets, including a possible initial public offering of its taxi business, two sources familiar with the …
Global HNWIs to pour $2.5bn in Dubai property in 2023: Knight Frank
The world’s wealthy have been increasingly targeting Dubai’s luxurious homes, primarily situated in the city’s most desirable districts …