News

Dubai / Emirates Business The Dubai Chamber of Commerce and Industry will host a workshop on April 10 which will provide participants with practical information related to the UAE’s recently introduced value-added tax (VAT) law. The upcoming workshop, entitled “The Essentials of VAT”, will be held at the Chamber’s headquarters in Deira. The event is being organised in cooperation with ...

Dubai / Emirates Business Emirates is the number one brand with the highest positive Impression among UAE women according to the 2018 Women’s Choice UAE Brand Rankings released by YouGov. The rankings were compiled using the Impression score from YouGov’s daily brand tracker, BrandIndex, by asking respondents, “Which of the following brands do you generally have a POSITIVE / NEGATIVE ...

Abu Dhabi / Emirates Business The Dubai Future Foundation (DFF) has announced the signing of partnership agreements with several major international firms to support the One Million Arab Coders initiative launched in October last year by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. The Foundation signed partnership ...

DUBAI / Emirates Business Emirates is celebrating 10 years of enabling mobile phone use on board its aircraft. As a global leader of inflight innovations, Emirates made history in March 2008 by becoming the first airline in the world to allow customers to make and receive calls, as well as send SMS messages from their own mobile phones. The inaugural ...

Abu Dhabi / Emirates Business Abu Dhabi Global Market (ADGM) and Jersey Financial Services Commission (JFSC) are pleased to announce a collaboration agreement to disseminate trends on registries, services and operations in real time to promote growth in both jurisdictions. This new partnership was established during the signing of a statement of co-operation agreement by John Harris, Director General of ...

SHARJAH / WAM H.H. Dr. Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler ofSharjah, has approved AED9,501,177 to repay the debts owed by nationals. The latest move comes as part of the generous initiatives of His Highness Sheikh Dr Sultan bin Mohamed, which place humanity at the top of its priorities and seeks to achieve a stable ...

DUBAI / WAM The Dubai International Financial Centre (DIFC) announced on Monday developments in its FinTech ecosystem that further strengthen its position as Middle East, Africa, and South Asia region’s (MEASA) number one and one of the world’s top 10 FinTech hubs. Arif Amiri, Chief Executive Officer of DIFC Authority, said, “Driving the future of finance and promoting financial inclusion ...

Abu Dhabi / Emirates Business Majid Al Futtaim has officially broken ground in Masdar City on its first shopping mall in Abu Dhabi, My City Centre Masdar. Amana Steel Contracting LLC has begun main works as the company’s main contractor on the project. “My City Centre Masdar, Majid Al Futtaim’s first shopping destination to open in Abu Dhabi, will exemplify ...

DUBAI / Reuters DXB Entertainments is expecting an improved 2018 after reporting a 1.12 billion dirham ($305 million) loss for last year, the CEO of the Dubai-based theme park operator told Reuters on Monday. The company also announced it had reached a deal with banks to restructure 4.2 billion dirhams in debt and had received fresh funding from its majority ...

BEIJING / Reuters China’s crude futures kicked off to a roaring start on Monday as western traders and Chinese majors eagerly traded the world’s newest financial oil instrument, which many expect to become a third global price benchmark alongside Brent and WTI crude. Global commodity trader and miner Glencore, and big merchants Trafigura, Freepoint Commodities and Mercuria were among the ...