Business

UAE Introduces VAT Refund Scheme for Online Shopping, A Global First
by admin|16 December 2024|Business, Emirates, latest
Dubai: The UAE has launched a groundbreaking VAT refund system for tourists' online purchases during their stay, marking a world-first initiative. This move aligns with the Federal Tax Authority's (FTA) strategy to enhance digital services and boost the country’s digital...
continue reading
Abdullah bin Zayed, Moroccan FM discuss developments in Syria over phone
by admin|16 December 2024|Business, Emirates, latest
ABU DHABI - H.H. Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs, discussed in a phone call today with Nasser Bourita, Minister of Foreign Affairs of the Kingdom of Morocco, current regional developments, including...
continue reading
Car Insurance Premiums Surge Across UAE: Key Reasons Behind the Spike
by admin|16 December 2024|Business, Emirates, latest
Motorists in the UAE are facing a steep rise in car insurance premiums this year, with costs surging by up to 40% in recent months. Industry experts attribute this increase to extreme weather events, higher claims, and rising repair expenses....
continue reading
China accomplishes 2021-2025 goals on 5G construction ahead of schedule
by admin|14 December 2024|Business, latest
China accomplishes 2021-2025 goals on 5G construction ahead of schedule China has completed its 5G construction and development goals, as outlined in the 14th Five-Year Plan (2021-2025), ahead of schedule, according to Zhang Yunming, Vice Minister of Industry and Information...
continue reading
Dubai: Dh10 billion worth of properties sold in just 10 hours, says top developer
by admin|13 December 2024|Business, Emirates, latest
Damac Properties announced on Thursday that it achieved sales exceeding Dh10 billion in under 10 hours, marking a strong close to 2024 for Dubai’s largest private real estate developer. This milestone underscores the continued confidence of investors in the emirate's...
continue reading
200 Premium Tickets Available for Star-Studded Globe Soccer Dubai Awards
by admin|13 December 2024|Business, latest, Sports
For the first time, the Globe Soccer Dubai Awards is opening its doors to the public, offering 200 exclusive premium tickets to football fans. This prestigious event will take place on December 27 at Atlantis, The Palm in Dubai, giving...
continue reading
Moment of Joy for Arabs’: Sheikh Mohammed Congratulates Saudi Arabia on Hosting 2034 FIFA World Cup
by admin|13 December 2024|Business, Emirates, latest, Sports
Saudi Arabia has been awarded the hosting rights for the 2034 FIFA World Cup, making it the second Gulf nation to host the prestigious tournament after Qatar in 2022. The announcement was confirmed by FIFA on Wednesday, following a virtual...
continue reading
2024 Poised to Be the Hottest Year on Record: WMO Report
by admin|12 December 2024|Business, latest, Lifestyle
GENEVA  – The World Meteorological Organization (WMO) has reported that 2024 is on track to become the hottest year on record, largely due to the diminishing cooling influence of the La Niña climate phenomenon. La Niña is characterized by the...
continue reading
Fintech Abu Dhabi Reaffirms the Emirate’s Role as a Global Hub for Financial Innovation
by admin|12 December 2024|Business, Emirates, latest
ABU DHABI – Fintech Abu Dhabi returned for its highly anticipated eighth edition, solidifying its position as the Middle East’s largest fintech festival and reinforcing Abu Dhabi’s status as a global hub for financial innovation. As a key highlight of...
continue reading
China’s NEVs Account for 40% of Total Auto Sales in First 11 Months of 2024
by admin|12 December 2024|Business, Emirates, latest
BEIJING – China's production and sales of new energy vehicles (NEVs) saw significant growth in the first 11 months of 2024, with both metrics rising by over 30% year-on-year. For the first time, NEV sales exceeded 40% of total automobile...
continue reading