UAE announces US$2,722 penalty for late corporate tax registration
ABU DHABI, UAE – The Ministry of Finance on Tuesday announced the issuance of Cabinet Decision No. 10 of 2024...
Business
Middle East and Africa smartphone shipments surge 30% YoY in Q4 2023
Dubai, Riyadh - Smartphone shipments in the Middle East and Africa (MEA) region witnessed a remarkable surge, growing by 30%...
Business
Business
World’s first Warner Bros. hotel to welcome guests in November on Yas Island
Miral in collaboration with Warner Bros. announced today that The WB Abu Dhabi hotel on Yas Island, operated by Hilton...
- Visitors can stroll through the lobby or admire 360-degree city and sea views alongside their favorite props and costumes from Warner Bros. films and TV shows
- And kids and families can ring up one of their favorite Looney Tunes characters for a room service treat brought to them by the Wascally Wabbit, Bugs Bunny himself
Business
Air traffic in UAE leaps up 24.5% in September as thousands flock to Expo 2020
The General Civil Aviation Authority (GCAA) has announced that the average aviation activity in the country rose from 1,238 flights...
- Saif Mohammed Al Suwaidi, Director General, said that the aviation activity in the UAE witnessed a significant increase prior to the Expo 2020 Dubai
- The GCAA's report also showed the country’s national carriers travel to 108 countries, benefitting from the logistical services provided by ten registered airports
Business
$2bn Arada project in new phase
Arada has launched the second residential phase of Masaar.
- The new phase is called Kaya and is located within the Al Suyoh district of Sharjah
- The new phase is said to containing 421 townhouses and villas
Expo 2020 DUBAI
Oman’s pavilion draws visitors eager to learn about investment in the country
More than a hundred thousand people paid visit to Oman’s pavilion in the first nine days of Expo 2020, according...
- Over 12,400 people visited the pavilion daily, a figure considered "an excellent indicator" during the first week of the mega event
- People were briefed about the country’s investment opportunities and were shown displays of modern technologies and sound management
Business
Post merger, Emaar Properties and Emaar Malls form a single company
Shareholders of Emaar Properties have approved the merger of the company with Emaar Malls, according a bourse filing.
- Shareholders also approved during the General Assembly on Sunday the proposal to increase Emaar Properties’ share capital to $2.2 billion
- Emaar Malls’ net profit reached 622 million dirhams during the first six months of 2021, up by 80 percent from 345 million dirhams during the same period in 2020
Expo 2020 DUBAI
In just 10 days of Expo 2020 organizers record more than 400,000 visits
It has been ten days since the Expo 2020 was kicked off in a grand celebration, and so far 411,768...
- The visitors belonged to 175 nationalities and not far off the 192 countries participating in the event
- Visitors to the global event could choose from multiple ticket options including Multi-Day and Season Passes
Expo 2020 DUBAI
Now an ad from the lowest place on the Earth
The new ad posted on the Twitter handle of the Israeli Pavilion at Expo 2020 Dubai has been videographed in...
- New ad of Israeli Pavilion at Expo 2020 has been shot in the middle of The Dead Sea
- It is an imitation of the Emirates’ ad from the top of 828-metre-high Burj Khalifa
Business
DEWA, Ireland explore digital technology cooperation
DEWA CEO Saeed Mohammed Al Tayer and Ireland’s Minister of State for Trade Promotion, Digital and Company Regulation at the...
- This was part of the Irish commercial delegation visit to the Water, Energy, Technology, and Environment Exhibition (WETEX)
- The two parties discussed enhancing cooperation, exchange of experience between DEWA and Irish companies
Business
$1.3bn UAE-Mexico non-oil trade in 2020 shows strong trade ties: Minister
The non-oil trade between the UAE and Mexico totaling $1.3 billion in 2020 demonstrates a strong partnership between the two...
- Both countries agree on new plans to reinforce economic cooperation.
- UAE Minister of State for Foreign Al Zeyoudi holds a meeting with Martha Delgado Peralta, Deputy Secretary at Mexico's Ministry of Foreign Affairs.
Business
Engicon lands Jordan partnership
Engicon has signed an MoU with the JPMC for a water treatment plant.
- Engicon will supply, develop, and operate a phosphate water treatment plant in El-Sheidiyah mines
- The treated water will be used for purposes of industry and agriculture, aimed to improve and preserve the region's ecosystems
UAE announces US$2,722 penalty for late corporate tax registration
ABU DHABI, UAE – The Ministry of Finance on Tuesday announced the issuance of Cabinet Decision No. 10 of 2024...
Business
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Exclusive: Private military companies look at $366.8bn market as their demand, role in global conflicts rise
Rising security concerns, confrontational geopolitics, and chaotic global changes have fueled the demand for private military companies, the new reality...
Business
World’s largest cruise ship all set to sail
TURKU, FINLAND - With cruise bookings seeing a resurgence after the Covid pandemic caused luxury liners to mothball, a Finnish shipyard...
Business
UAE witnesses record 2.4m tourists in first six months of 2023
Abu Dhabi, UAE - A record 2.4 million tourists visited the UAE during the first six months of 2023, a...
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Saudi Arabia’s real estate deals decline by 16 percent in 2022
Riyadh, Saudi Arabia -- The value of Saudi Arabia's real estate transactions declined 16 percent year-on-year (YoY), or SAR 36.2...
- The Ministry of Justice said that this is the firs decline in the value of real estate transactions in the past four years, according to Argaam.
- Riyadh witnessed the largest number of real estate deals at SAR 73.81 billion. It was followed by Jeddah with SAR 26.91 billion worth of deals.
Business
Dubai Chamber attracts 69 emerging technology firms in H1
Dubai, UAE -- Dubai Chamber of Digital Economy, one of the three chambers operating under the umbrella of Dubai Chambers,...
- The chamber said that during the six-month period, the chamber successfully conducted a series of 12 roadshows across the Middle East, Africa, Asia, and Europe.
- As part of these roadshows, meetings were coordinated with 279 companies including multinationals, SMEs, startups and scale-ups to showcase the growth potential in Dubai.
Business
Sony hikes sales and profit forecasts on strong music business
The Japanese electronics-to-entertainment conglomerate said its annual net profit for the year to March 2024 should reach 860 billion yen...
- Sony's music segment was seen enjoying both stronger sales and a one-off accounting gain related to a subsidiary, Japanese electronics-to-entertainment conglomerate said
- For three months to June, Sony said its net profit fell 16.7 percent to 217.9 billion yen, as losses in the financial and movies businesses overwhelmed strong gains on music side