UAE finance ministry unveils new corporate taxation rules
ABU DHABI, UAE - The UAE Ministry of Finance (MoF) on Saturday announced administrative penalties for violations related to the...
Geostrategy
Economy
Non-oil sector fuels Bahrain economy growth
The results are said to be showing signs of economic recovery of Bahrain.
- The overall growth is apparently due to the rise achieved by the non-oil sector
- The rise has been supported by transportation & telecommunications and hotels & restaurants activity
Business
Dubai reviews park redesign proposals
Brand Dubai and Dubai Municipality have reviewed some creative proposals to redesign 10 public parks in the emirate.
- The latest joint project is part of an ongoing partnership between Brand Dubai and Dubai Municipality
- Together, they are looking to undertake beautification projects to enrich the city’s urban landscape
Business
New FTA services to ease VAT refunds for UAE homes
The new services are said to offer four different services that aim to raise the target audience’s awareness, provide them...
- The initiative is expected to include a weekly interactive virtual workshop, the Virtual Session
- This would introduce UAE citizens eligible to professionals for consultations and clarification about the VAT refund process
Business
Abu Dhabi H1 real-estate deals hit $6.4bn
The real-estate sector in Abu Dhabi recorded 3,425 real-estate sales transactions worth AED9.02 billion (around $2.46 billion), and 3,621 mortgage...
- The H1 recorded value has been achieved through 7,046 real-estate transactions
- These include transactions and mortgages of land, buildings, and real-estate units of all kinds
Business
Construction works complete on a stretch of UAE rail network
DUBAI:Â Etihad Rail has completed construction works on a stretch of the 1200-km UAE National Railway Network, the company said on...
- The work was completed ahead of schedule on Package A of Stage Two, which extends over 139 km.
- 40 percent of the network’s annual transport capacity has been reserved through commercial agreements.
Economy
SEDCO Capital, Lombard Odier launch Shariah-compliant fund
The Fund's composition reflects a convergence of SEDCO Capital's Prudent Ethical Investment (PEI) approach with Lombard Odier's investment expertise
- The Fund's composition reflects a convergence of SEDCO Capital's Prudent Ethical Investment (PEI) approach with Lombard Odier's investment expertise
- The Fund aims to deliver capital growth through an active asset allocation strategy with the goal of outperforming the Dow Jones Islamic Market World Developed Total Return Index
Business
Tariq Al Samahiji CEO of GFH Group’s UK ops
Al Samahiji is the non-executive chairman and co-founder of Orpheus Partners.
- He served as CEO of BNP Paribas Najmah and Global Head of BNP Paribas Islamic Finance and Investments.
- GFH said it currently has assets of over $12 billion globally and looks to build its international portfolio through organic and inorganic growth.
Economy
DEWA partners with Global Manufacturing and Industrialisation Summit
DEWA has implemented Fourth Industrial Revolution technologies, such as Artificial Intelligence, Cloud Computing and the Internet of Things to drive...
- DEWA and GMIS will collaborate to promote the use of advanced energy-saving innovations
- The collaboration will enable greater synergy between utility providers and industrial enterprises to eliminate energy wastage
Science
Syria water crisis spurs spike in disease: MSF
MSF has blamed the ‘acute water crisis’ in recent months on a decrease in funding for water, sanitation and hygiene...
- The crisis is most acute in northwestern Syria, the country’s last major rebel stronghold
- More than three million people live in squalid conditions in that region
Business
Saudi Arabia digitizes 50m realty papers under National Transformation Program
Saudi Arabia has managed to digitize some 50 million real estate documents under the Real Estate Title Digitization Initiative. It...
- The central digitization labs work around the clock and are the largest of their kind in the MENA region
- The digitization process goes through several steps: listing and collection of documents, entry and revision, transfer to digitization labs, sterilization and restoration
UAE finance ministry unveils new corporate taxation rules
ABU DHABI, UAE - The UAE Ministry of Finance (MoF) on Saturday announced administrative penalties for violations related to the...
Geostrategy
Company News
Latest News
DFM H1 profit up up 63 percent
Business
Union of Arab Banks appoints CS Events strategic partner
Dubai, UAE: Union of Arab Banks (UAB), the apex body of the $4 trillion banking industry in the Arab World,...
Business
South Korea to enhance ties with hi-tech firms in Middle East
South Korea wants to strengthen its relations with the Middle East with a focus on high-tech industries, according to Seoul’s...
Geostrategy
GCC-India ink MoU for consultations mechanism
India has signed a Memorandum of Understanding (MoU) with the Gulf Cooperation Council (GCC) Secretariat on the "mechanism of consultations"...
Geostrategy
Most Read
Geostrategy
UAE participates in G20 Finance Track’s Infrastructure meeting
UAE Ministry of Finance (MoF) participated in G20 Finance Track’s fourth and last Infrastructure Working Group (IWG) meeting for 2022...
- The members of the Infrastructure Working Group deliberated the progress made on scaling up sustainable infrastructure investments.
- The IWG also discussed means of promoting private sector investment in sustainable infrastructure.
Business
DEWA smart meters’ number up 73% in four years
Dubai, UAE---Dubai Electricity and Water Authority (DEWA) recorded a growth in the number of smart water meters by 73.6 percent...
- DEWA has more than two million smart electricity and water metres in Dubai.
- Automating metre readings helps customers receive instant information on their consumption patterns and effectively manage, monitor and control their consumption.
Geostrategy
UAE president invites Israeli counterpart to attend Abu Dhabi Space Dialogue
The invitation was extended by the UAE Minister of Foreign Affairs Sheikh Abdullah bin Zayed Al Nahyan who is currently...
- The invitation was extended by the UAE Minister of Foreign Affairs Sheikh Abdullah bin Zayed Al Nahyan who is currently on an official visit to Israel
- The UAE top diplomat conveyed the greetings of Sheikh Mohamed and his wishes of progress and prosperity to Israel