Will the UAE introduce income tax for ‘high earners’?
The Middle East was taken by surprise when it was reported last week that Oman is considering an income tax…
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UAE says has no plan for now to increase VAT
The United Arab Emirates has no plan to increase value-added tax (VAT) to more than the current 5%, the ministry…
Real estate trends: Dubai's home sales fall; decline in property prices slows down
The decline in Dubai’s residential values showed signs of decelerating in October, but sales of home units have somewhat slowed…
Mashreq posts $95.8mln net profit for 9 months
Mashreq has posted a sharp decline in net profit to AED352 million ($95.8 million) in the first nine months of…
UAE's ADNOC, ADQ launch TA'ZIZ JV to drive growth and investments
The Abu Dhabi National Oil Company and ADQ, one of the region’s largest holding companies, have launched TA'ZIZ JV to…
Abu Dhabi Investment Office offers startups $41mln in AgTech incentives
The state-run Abu Dhabi Investment Office (ADIO) has rolled out $41 million worth of incentives for three agriculture technology (Agri…
Digital payment markets expect 2021 windfall as online shopping surges
E-commerce and digital payment markets in the Middle East and North Africa and Pakistan (MENAP) region will continue to reap…
QBIC launches 2nd wave of Lean Manufacturing Programme
Qatar Business Incubation Centre has launched the second wave of the Lean Manufacturing Programme (LMP), featuring a dynamic group of…
ADNOC completes first phase of AI predictive maintenance project
The Abu Dhabi National Oil Company, ADNOC, today announced it has completed the first phase of its large-scale multi-year predictive…
Expo 2020 Dubai: Top official reveals new timetable for global event
Expo 2020 Dubai was just days away from its first test event when the entire event had to be postponed…
UAE’s VAT revenue tops $3bln during Jan-August
The UAE’s Ministry of Finance said that from the beginning of January until the end of August 2020,the total value-added…
Dubai's Emaar Malls reports net profit
Emaar Malls, majority-owned by Emaar Properties, on Tuesday reported net profits of Dh586 million for the period ending 30 September…