December, 2022

• 9 December

  UAE issues federal decree law on 9% corporate tax

  

    Dubai / WAM The UAE issued Federal Decree-Law No. 47 of 2022 on Taxation of Corporations and Businesses (the ‘corporate tax law’). Businesses will become subject to UAE corporate tax (corporate tax) from the beginning of their first financial year that starts on or after June 1, 2023. The UAE’s Corporate Tax regime will levy a standard rate of ...

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• 9 December

  Etihad Airways to reintroduce its A380 fleet

    Abu Dhabi / WAM Etihad Airways has announced that it is reintroducing four of its A380s in the summer of 2023, following a surge in demand for air travel across the airline’s network and customer feedback. Mohammed Ali Al Shorafa, Chairman of Etihad Aviation Group, said, “It is wonderful to announce the return of this splendid aircraft. The A380’s ...

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• 9 December

  MoHRE, ICP complete 4.7mn joint transactions in 10 months

  

    Dubai / WAM The Ministry of Human Resources and Emiratisation (MoHRE) and the Federal Authority for Identity, Citizenship, Customs & Port Security (ICP) announced completing 4,719,000 joint transactions in the first 10 months of 2022 as the two entities offer 35 common services — 23 for business owners and families employing domestic helpers, and 12 for private sector employers ...

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• 9 December

  UAE issues Personal Status law for non-Muslim expats

  

    Abu Dhabi / WAM The UAE announced a Federal Decree-Law on Personal Status to all non-Muslim foreigners in the country, to be applied from February 1, 2023. The Federal Personal Status Law comes in line with the UAE’s continuous efforts to develop its legislative ecosystem and supports the country’s endeavours and ambitions for the next fifty years, through strengthening ...

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• 9 December

  UAE, Bangladeshi discuss ways to boost cooperation

  

    Abu Dhabi / WAM Abdullah Ali Al Hamoudi, UAE ambassador to the People’s Republic of Bangladesh, met with Shahriar Alam, State Minister of Foreign Affairs of the People’s Republic of Bangladesh. During the meeting, both sides discussed strengthening and widening the horizons and areas of cooperation between the two countries, as well as a number of issues of common ...

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• 9 December

  ALC extends Al Dhafra Book Festival 2022

    Abu Dhabi / WAM Following the notable turnout at the Al Dhafra Book Festival 2022, held in its new format at the Public Park in Zayed City, the Abu Dhabi Arabic Language Centre (ALC), part of the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi), has extended the festival for two additional days until Sunday, December ...

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• 9 December

  Etihad to reintroduce four of its A380s in summer of 2023

  

    Abu Dhabi / WAM Etihad Airways announced that it is reintroducing four of its A380s in the summer of 2023, following a surge in demand for air travel across the airline’s network and customer feedback. Mohammed Ali Al Shorafa, Chairman of Etihad Aviation Group, said, “It is wonderful to announce the return of this splendid aircraft. The A380’s reintroduction ...

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• 9 December

  China delivers first domestic jet to take on Boeing, Airbus

  

    Bloomberg China Eastern Airlines Corp became the first recipient of the Chinese-made C919 passenger jet, a milestone in the country’s aviation ambitions as it bids to compete with aircraft made by Airbus SE and Boeing Co. The single-aisle plane was delivered to China Eastern at Pudong International Airport in Shanghai and then made a short flight to the city’s ...

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• 9 December

  AirAsia plans to start its new airline in Cambodia

  

  Bloomberg Capital A Bhd’s AirAsia Aviation Group plans to start a low-cost airline in Cambodia, as tycoon Tony Fernandes reorganises his network following the collapse of a joint venture in Japan and sale of an India affiliate. The airline aims to begin operations late next year after receiving regulatory approvals, Capital A said in a statement. In a subsequent interview ...

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• 9 December

  Airfares set for big jump again in business, economy in 2023

  

    Bloomberg Airfares will increase around the world next year, by as much as 12% on Europe-Asia routes and 10% for North America-Asia flights, according to American Express Global Business Travel (Amex GBT). Asia, which was slower to lift Covid travel curbs, is set for some of the biggest changes as demand swells, Amex GBT said in its Air Monitor ...

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