ABU DHABI: The Federal Tax Authority (FTA) intensified its Corporate Tax compliance awareness activities and events this year, organised to highlight the importance, objectives, procedures, and requirements for complying with the Corporate Tax Law, which came into effect last year and applies to financial years beginning on or after 1st June 2023. In a press […]
A six-part teaser series celebrates the legacy of the iconic SUV Nissan Patrol offering an exclusive first look at its seventh-generation model Abu Dhabi: As anticipation builds across the globe for the much-awaited reveal of the all-new Nissan Patrol, Al Masaood Automobiles, the exclusive authorised distributor for Nissan in Abu Dhabi, Al Ain, and the […]
The United States Department of Justice (DoJ) is planning to make a rare move to break up Alphabet’s Google after a recent court verdict held that the search giant illegally monopolised online search market, according to various sources. The antitrust move, if made, will have come decades after similar attempt to break-up Microsoft, the undisputed […]
ABU DHABI: The Federal Tax Authority (FTA) has ramped up market inspections to fight tax evasion and ensure compliance. In the first half of 2024, the FTA conducted 40,580 inspections across the UAE included tobacco products, a 134% increase from the same period in 2023. These visits focus on enforcing tax laws, preventing the sale […]
Indian businesses top the list of nationalities of new companies joining Dubai Chamber of Commerce during H1 2024 with 7,860 new members, followed by 3,968 new Pakistani companies and 2,355 new Egyptian companies joined the chamber’s membership. Dubai: A recent analysis by Dubai Chamber of Commerce, one of the three chambers operating under the umbrella […]
BEIJING: China’s courier sector has quickly surpassed 100 billion parcels this year, reaching the milestone 71 days earlier than last year. This reflects a booming consumer market and strong economic performance. The sector handled an average of 71.43 packages per person, or 5,144 packages every second. It has set new records for single-day deliveries, monthly […]
Announcement follows DAMAC’s recent investment in June 2024 into the Artificial intelligence sector with xAI, Mistral and Anthropic Dubai: DAMAC Capital, the investment arm of the globally renowned DAMAC Group, has announced strong ROI its strategic investments in SpaceX and Stripe. The investments underscore DAMAC Capital’s continued commitment to pioneering advancements in technology and innovation […]
DUBAI: The Dubai Maritime Authority at the Ports, Customs, and Free Zone Corporation has partnered with Gulf Craft to simplify boat registration services for customers. The agreement was signed by Sheikh Dr. Saeed bin Ahmed bin Khalifa Al Maktoum, Executive Director of Dubai Maritime Authority, and Abeer Alshaali, Deputy Managing Director of Gulf Craft. Under […]
The 7th edition of the Sharjah Investment Forum- SIF will run September 18-19 under the theme ‘A Futuristic Vision for Smart Economies’ Sharjah: Under the theme ‘A Futuristic Vision for Smart Economies,’ the 7th edition of the Sharjah Investment Forum (SIF) set to take place on 18-19 September at Al Jawaher Reception and Convention Centre, […]
SHARJAH: Air Arabia, the largest low-cost carrier in the Middle East and North Africa, announced strong financial and operational results for the second quarter and first half of 2024. Despite a 7% drop in net profit to AED 427 million for the second quarter compared to the same period in 2023, the airline saw a […]
VIENNA: The Organisation of the Petroleum Exporting Countries (OPEC) has reported that the UAE’s economy continues to grow strongly, especially in non-oil sectors like real estate, tourism, and manufacturing. In the August 2024 Monthly Oil Market Report (MOMR), OPEC highlighted a slight rise in the costs of housing, water, electricity, gas, and other fuels. These […]
