FTA issues guide to determine natural persons subject to corporate tax
ABU DHABI, UAE - The Federal Tax Authority (FTA) has issued a new guide outlining the criteria to determine natural...
Geostrategy
UN adopts Qatar-sponsored resolution on human rights training center
New York, USA - The UN General Assembly (UNGA) adopted a resolution by 185 votes on 'The UN Human Rights...
Geostrategy
Geostrategy
Syria again accuses US of stealing oil through Iraq
Syria has over the past few months repeatedly accused the US of using its forces to steal oil from its...
- Local sources in the Yarubiya countryside said that US forces on Saturday brought out a convoy of 60 vehicles
- This, they said, included a number of trucks and tens of tanks loaded with ‘stolen Syrian oil’ being taken to Iraq
Business
Abu Dhabi grants Binance approval to operate in emirate
Abu Dhabi has allowed Binance, the world’s leading blockchain and cryptocurrency infrastructure provider, to operate as a broker-dealer in virtual...
- The company has received approval from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM)
- Upon the successful completion of its ADGM FSRA application, Binance will then be able to offer its services regarding virtual asset offerings to customers across the MENA region
Science
Pandemic ‘far from over’, but ‘let’s end it together’, says UN chief
The UN chief said countries need to fulfil and accelerate dose-sharing and donation commitments in order to reach the billions...
- Antonio Guterres said the spread of Omicron was “a startling reminder of how quickly COVID-19 can mutate and spread
- The Omicron variant of the novel coronavirus is now surging in the form of the BA2 variant in many parts of the world
Business
Abu Dhabi launches drive to keep infected Kinder products away
The Abu Dhabi Agriculture and Food Safety Authority (ADAFSA) has said that the Abu Dhabi's markets are completely free of...
- The Authority's inspectors checked Abu Dhabi's markets to ensure whether suspected products were identified in the alert or not
- It also coordinated with suppliers and food facilities and contacted the local agent "Ferrero" in UAE
Economy
S&P degrades Russia’s forex payments rating to ‘selective default’
Credit rating agency S&P Global Ratings on Saturday downgraded Russia's foreign currency payments rating to "selective default" after Moscow paid...
- The agency does not expect investors to be able to convert the ruble payments to dollars equivalent to the amounts originally due
- Russia's finance ministry on Wednesday announced it had made a payment of almost $650 million due on April 4 in rubles
Business
EDGE picks up a new CEO
Saif Ali Al Dahbashi will be the CEO of AL TAIF, an EDGE firm.
- AL TAIF is part of the Land division within EDGE Group’s Platforms & Systems cluster
- The firm is the eading UAE in-country provider of lifecycle support for military land platforms and systems through maintenance, repair and overhaul
Business
Taaleem of Dubai in discussions with banks for IPO
Taaleem, the Dubai school operator, is in initial stage of talks with banks for an initial public offering in Dubai.
- The Dubai government last week decided to freeze tuition fees for the year 2022-2023, its third year in a row to help ease the financial burdens on parents
- In a report to clients, ratings agency Moody’s last month said the tuition fee freeze was credit negative for Dubai’s largest education provider Gems
Economy
S&P keeps Kuwait’s credit ratings at A+ with negative outlook
Kuwait's long and short-term foreign and local currency sovereign credit ratings have been affirmed at 'A+/A-1' by Standard & Poor's...
- The international agency also cautioned that it could lower the ratings if no sustainable comprehensive financing arrangements are agreed
- The S&P forecasted that higher oil prices would bolster Kuwait's fiscal and balance of payments positions over 2022-2023
Arts & Culture
Lebanon, France ink pact to preserve media archives
The Lebanese Minister of Information hailed the launch of the public media archives’ digitization project.
- The Lebanese Minister of Information hailed the launch of the public media archives’ digitization project
- The French Ambassador said this project is a glimpse of hope in light of the stifling crisis that is afflicting Lebanon
Business
Vaccine factory to come up in Khazaen City with $52m outlay
The first phase of the project is expected to be set up on a total area of 37,000 square meters.
- The agreement was signed by Khazaen CEO Salim Al Thuhli and Opal’s Chairman of the Board of Directors, Sa’ad Moosa Al Junaibi
- Al Thuhli was quoted by the official sources as saying that the project would be the first vaccine factory in Khazaen Economic City
Most Read
Revenue from Saudi cinema may exceed $1bn by 2030KSA, UAE play well as e-gaming trends across GCCExclusive: Middle East’s retail sector rides on AR and hybrid shopping to become $600bn digital economyTECOM Group profit soars 13%UAE startups eye Saudi Arabia for growth, expansionSaudi Arabia leads GCC AI healthcare raceDisparity remains as Saudis, Emiratis see wealth gains
FTA issues guide to determine natural persons subject to corporate tax
ABU DHABI, UAE - The Federal Tax Authority (FTA) has issued a new guide outlining the criteria to determine natural...
Geostrategy
Company News
Latest News
ADCB Q3 net profit at US$432m
Business
Saudi Aramco signs 59 procurement agreements under Iktva
Dhahran, Saudi Arabia-- Saudi Aramco Tuesday signed 59 corporate procurement agreements (CPAs) valued at $11 billion with 51 local and...
Business
UAE economy expected to grow more than 6 percent in 2022: IMF
The country's inflation has risen with global trends and is expected to average just over 5 percent this year, while...
Economy
ADIB Securities 9M trades $5.98bn
ADIB Securities is a Shari'a-compliant brokerage firm in the UAE.
Business
Most Read
Economy
Jordan and Iraq to deepen political, economic ties
Amman, Jordan— Jordan and Iraq have renewed their commitment to deepen political and economic ties between the two neighboring countries....
- During bilateral talks King Abdullah expressed keenness to enhance the strong ties between the two countries
- Discussions covered regional issues and crises, the Palestinian cause, and efforts to counter terrorism
Business
Leader of House of Commons urges Kuwaiti entrepreneurs to invest in UK
Kuwait City, Kuwait— Encouraging Kuwaiti entrepreneurs to make investments in the UK, Penny Mordaunt, Leader of the House of Common,...
- She said that she discussed with the prime minister the partnership that has existed for long years at the defense and cyber security levels
- Mordaunt added that her talks with the Kuwaiti officials during her visit addressed prospects of increasing cooperation in investments and the Kuwaiti businesses in her nation
Economy
China unveils plan to shore up industrial economy
Beijing will adopt industry, region and enterprise-specific measures to secure the sound development of key industries.
- Beijing will adopt industry, region and enterprise-specific measures to secure the sound development of key industries
- Efforts will be made to tap into market potential to grow consumer demand, stabilise exports of industrial products