Business & Money | Wednesday 7 May, 2025 1:24 pm

Emirates expands footprint into Eastern China

Emirates, the world’s largest international airline, is set to launch a daily non-stop service between Dubai and Hangzhou from 30th July. The airline’s latest expansion into Hangzhou makes the city its fifth gateway into the Chinese mainland after Beijing, Guangzhou, Shanghai, and...

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Business & Money | Wednesday 7 May, 2025 1:20 pm

FTA clarifies Corporate Tax exemptions of investors in REITs

The Federal Tax Authority (FTA) has issued a new public clarification regarding Corporate Tax on the tax treatment of investors in a Real Estate Investment Trusts (REITs) who are exempt from Corporate Tax as a Qualified Fund. The general clarification can be found by clicking the link: Tax...

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Business & Money | Wednesday 7 May, 2025 1:18 pm

UAE hosts BRICS Finance Track Meeting on Public-Private Partnerships and Infrastructure

The UAE, represented by the Ministry of Finance, has hosted the first-ever BRICS event in the country, the BRICS Finance Track Working Group Taskforce on Public-Private Partnership and Infrastructure (TFPPPI). The meeting, held from 5th to 6th May in Abu Dhabi, brought together senior...

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Business & Money | Wednesday 7 May, 2025 1:14 pm

ADQ prices US$2 billion dual-tranche bond in 3rd debt capital markets issuance

Abu Dhabi Developmental Holding Company PJSC (ADQ), an active sovereign investor focused on critical infrastructure and global supply chains, has announced the successful pricing of a US$2 billion bond. The issuance marks ADQ’s third offering in international debt capital markets and...

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Business & Money | Wednesday 7 May, 2025 1:10 pm

DEWA’s Distribution Network Smart Centre promotes Dubai’s pioneering digital transformation

Dubai Electricity and Water Authority (DEWA) enhances the resilience and efficiency of Dubai's smart network through its Distribution Network Smart Centre (DNSC), enabling advanced features such as the upgrade of automatic decision-making capabilities. The smart centre accelerates DEWA's...

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Business & Money | Wednesday 7 May, 2025 1:09 pm

DMCC awards main works contract for two towers in Uptown Dubai

DMCC, the leading international business district that drives the flow of global trade through Dubai, has announced the appointment of Ali & Sons Contracting Company – Sole Proprietorship LLC to spearhead the second phase of Uptown Dubai's transformative development. Ali & Sons...

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Business & Money | Tuesday 6 May, 2025 1:18 pm

Alkhorayef Water wins SAR 85.95M contract with NWC

Alkhorayef Water and Power Technologies Co. (AWPT) was awarded, on May 5, a contract to supply, install, test, and commission pumps and variable frequency drives (VFDs) in Jazan Region, with National Water Co. (NWC), for SAR 85.95 million, not including VAT. The contract is valued at SAR 85.95 ...

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Business & Money | Tuesday 6 May, 2025 1:09 pm

Saudi Arabia continues to lure domestic, foreign investments: Minister

Saudi Arabia continues to attract both domestic and foreign investments, despite global geopolitical and economic challenges, said Saudi Minister of Investment Khalid Al-Falih. The Kingdom developed high capabilities to adapt to shocks, through accumulated experience in confronting various...

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Business & Money | Tuesday 6 May, 2025 11:47 am

Bin Touq meets with tourism ministers of Spain, Croatia to enhance prospects for cooperation in sector

During a European tour that included Spain and Croatia, Abdulla Bin Touq Al Marri, UAE Minister of Economy, met with Tonči Glavina, Minister of Tourism and Sports of Croatia; and Rosario Sánchez Grau, Spanish Secretary of State for Tourism, with the aim of enhancing cooperation in the sector. As...

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Business & Money | Tuesday 6 May, 2025 11:41 am

Technology plays key role in reshaping entrepreneurship landscape in UAE

Technology is playing a pivotal role in reshaping the entrepreneurship scene in the United Arab Emirates. Innovation-based startups are becoming a major driver of the national economy and a primary source of employment and sustainable solutions. This contributes to enhancing the country's global...

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