FTA appeals to tax registrants to benefit from extension
The Federal Tax Authority (FTA) has called on tax registrants to benefit from the Cabinet Decision to extend the grace...The FTA reaffirmed that the Cabinet Decision provided an opportunity for the business sector to benefit from the reduction of the administrative penalties
It said it continues to review and audit the records of tax registrants who have fulfilled the requirements prescribed in the law
Financial scam websites victimize 137,000 Arabs daily
Five different types of financial frauds are prevalent in the Arab world, with 24 criminal methods being used to reach...According to a review of 503 fake adverts, the number of daily visits from potential victims of these fraudulent sites reaches 137,000 per day
The study stated that five different types of financial frauds are prevalent in the Arab world, with 24 criminal methods used to reach the victims
Aldar and EWEC sign clean energy deal
EWEC will supply clean energy to all Aldar owned and managed assets.Aldar has increased its ESG ratings within two major global benchmarks, the Dow Jones Sustainability Index and Sustainalytics.
EWEC is one of the key parties enabling the implementation of Abu Dhabi’s Clean Energy Certificate scheme.
Sharjah Chamber and Syria look to boost mutual trade
Sharjah and Syria are looking at ways to increase economic relations and enhance partnership between businessmen and traders.In this regard The Sharjah Chamber of Commerce and Industry (SCCI) received a Syrian delegation led by Kinan Zahreddine, Syrian Consul-General in Dubai
The meeting also reviewed potential investment opportunities to support economic cooperation and enhance the partnership between businessmen
AD Ports, Eni Abu Dhabi sign pact
The two firms will establish a marine logistics base at Mugharraq Port.Mugharraq Port was recently recognized as an international port facility.
Its new status enables it to receive and service a host of international and local vessels.
Covid restrictions hit spending, slowing eurozone growth
Economic growth in the eurozone slowed sharply in January, a key survey showed Monday, as new coronavirus restrictions hit consumer...IHS Markit said that the sky-high caseloads for the highly contagious Omicron variant had disrupted consumer-facing services through staff absences
Tourism, travel and recreation were "especially hard hit", said Chris Williamson, chief business economist at IHS Markit
Israel okays UAE joint fund for high-tech investment
The Israel government has approved the plan for a joint fund with the UAE for investment in high-tech firms and...The proposal was brought to the government by Israel’s Minister of Foreign Affairs of the State Yair Lapid
It was co-sponsored by the country’s Minister of Foreign Affairs of the State Orit Farkash Hacohen
Investcorp inks $4bn deals in US
It acquired properties worth $2.5 billion, and made sales of $1.5 billion.Invescorp expanded its US platform with focus on industrial and residential sectors
The team has acquired over 200 properties in 2021 worth $2.5 billion and has sold for $1.5 billion
Israel Cabinet to probe submarine procurement corruption
Prime Minister Naftali Bennett, who ousted Benjamin Netanyahu in June, abstained from the vote to set up the inquiry, citing...The Israeli cabinet voted to establish a formal inquiry into the "submarine affair," which concerns a multibillion-shekel deal to acquire vessels from Thyssenkrupp
David Shimron, Netanyahu's personal lawyer and cousin, was charged with money laundering in connection with the 2012 naval procurement
Evergrande undergoes rejig
A state firm official was appointed to the Chinese firm’s board.Evergrande has been teetering on the brink for months owing to its struggles in servicing a debt pile of more than $300 billion
However, its shares ended up nearly 4 percent higher on Monday after news emerged of government intervention in its operations
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ADNOC Distribution 2025 dividend $700m
The company had reported EBITDA of $1.17 bn in 2025.
Empower okays $119.1m H2 2025 dividend
The dividend is equivalent to 43.75% of paid-up capital.
Alujain widens 2025 loss
The increase in loss is due to impairment charges, weaker prices.
Masar 2025 net profit $262m
Higher land plot sales boost revenue and operating income.
Tasnee’s 2025 losses deepen
The petrochemicals' company's revenue also fell 17.7 percent.
