UAE corporate tax_free zones

UAE set to roll out 15% tax for global corporate giants

The UAE will impose a minimum top-up tax of 15 per cent on large multinational companies operating in the country from next month

Space42 teams up with ICEYE to manufacture SAR satellites in UAE

Space42 teams up with ICEYE to manufacture SAR satellites in UAE

The venture seeks to address the growing demand for high-resolution imagery and data from SAR satellites, which can be applied across various use cases

Polen Capital to open Abu Dhabi office in Middle East expansion push

Polen Capital to open Abu Dhabi office in Middle East expansion push

The $63bn assets management firm will join other global asset managers and hedge funds in setting up in the ADGM

ADIO, Partanna partner to decarbonise concrete industry

ADIO, Partanna partner to decarbonise concrete industry

ADIO will support Partanna’s efforts to decarbonise the cement industry by enabling the establishment of its manufacturing facility in Abu Dhabi

Apple announces major retail expansion in Saudi Arabia

Apple announces major retail expansion in Saudi Arabia

This marks Apple’s first direct retail service in the kingdom and is a significant milestone in the company’s local operations

Saudi Arabia cuts oil prices amid nascent demand recovery

Saudi Arabia cuts oil prices amid nascent demand recovery

Saudi Aramco said it is lowering the official selling prices for refiners in Asia, which buy about 70 per cent of the kingdom’s crude

US clears export of advanced AI chips to UAE under Microsoft deal

US clears export of advanced AI chips to UAE under Microsoft deal

Microsoft invested $1.5bn in G42 earlier this year, giving the US company a minority stake and a board seat

Google, Hub71 partner to launch startup programme in 2025

Google, Hub71 partner to launch startup programme in 2025

By leveraging Google’s network and resources, Hub71 is set to provide a robust foundation for its startups to scale, innovate, and contribute to the UAE’s economy

Khalifa Fund unveils new strategy, MZN Hub to support entrepreneurs

Khalifa Fund unveils new strategy, MZN Hub to support entrepreneurs

The Khalifa Fund for Enterprise Development (Khalifa Fund) has unveiled a new strategy, including the…

AIX Racing brings the win home

AIX Racing brings the win home

The success at AIX Racing’s home ground is a moment of immense pride, marking a defining chapter in the team’s journey

Abu Dhabi Finance Week 2024 opens today

Abu Dhabi Finance Week 2024 opens today

The event will provide opportunities for networking, thought leadership, and collaboration on the future of finance

Miral's Mariam Al Musharrekh on factors driving demand for talent in the region

Miral’s Mariam Al Musharrekh on factors driving demand for talent in the region

The group ED of Human Resources at Miral shares her insights on why companies and businesses need to recalibrate their HR strategies to meet the current and future needs of the industry

IHG expands in Al Madinah with two new Holiday Inn hotels

IHG expands in Al Madinah with two new Holiday Inn hotels

IHG is positioning itself to play a major role in the transformation of Al Madinah into a modern, culturally rich hub for both pilgrims and tourists

Saudi energy minister on why OPEC+ is not increasing output now

OPEC+, which pumps about half the world’s oil, had previously been planning to start unwinding cuts from October 2024

Mubadala has $330bn in assets under management, says CEO

Mubadala Investment Company CEO, Khaldoon Al Mubarak, revealed the figure during the Milken Institute Middle East and Africa summit

UAE VAT: A forward-looking tax system for a forward-looking economy

How the UAE’s VAT system is evolving and improving

By supporting the financial services sector through targeted exemptions, the UAE continues to build on its strategy of becoming a top-tier financial hub

Uber’s autonomous rides now available in Abu Dhabi

Uber’s autonomous ride-hailing service now available in Abu Dhabi

The service will use self-driving vehicles to provide smart mobility solutions in various areas of Abu Dhabi, including Saadiyat Island and Yas Island

ADNOC, PETRONAS finalise 15-Year LNG sales agreement for Ruwais Project

ADNOC, PETRONAS finalise 15-Year LNG sales deal for Ruwais Project

The Ruwais LNG facility is poised to make history as the first LNG export terminal in the region to be powered by clean energy

dnata Logistics expands footprint with $27m facility in Dubai South

UAE’s dnata Logistics expands footprint with $27m facility in Dubai South

The construction of the warehouse is underway, with completion scheduled for November 2025

Avail a 50% discount on traffic fines at these four emirates

UAE: Avail a 50% discount on traffic fines in these 4 emirates

Authorities have encouraged drivers to take advantage of these discounts and clear any pending fines during the promotion period

PIF and Bpifrance Assurance Export sign $10 billion memorandum of understanding

Saudi’s PIF, Bpifrance Assurance Export sign $10bn MoU to support key projects

The partnership will unlock up to $10bn in financing for Saudi Vision 2030 projects, boosting cooperation and commercial collaboration between the two nations

DIFC unveils decarbonisation strategy Image courtesy DIFC

DIFC unveils decarbonisation strategy with ‘net zero by 2045’ goal

With its decarbonisation strategy, DIFC is aiming to boost its role as leading player in sustainable finance, setting ambitious benchmarks for decarbonisation in financial centres worldwide

Abu-Dhabi expands golden Vendor List -GettyImages-1239915485

Abu Dhabi unveils expanded Golden Vendor list, covers 145 industries

By prioritising local content, the expanded list is poised to drive job creation, stimulate innovation, and accelerate Abu Dhabi’s transition to a diversified, non-oil economy

OPEC+ delays oil output hike until April, extends cuts into 2026

OPEC+ delays oil output hike until April, extends cuts into 2026

The group agreed to allow the UAE to raise output by 300,000 bpd gradually from April until the end of September 2026

50 years and counting: Jumbo's next chapter

50 years and counting: What Jumbo’s next chapter entails

Marking its golden anniversary, Jumbo celebrates ‘Trust that Transforms’ – a commitment that resonates through its customers, brands and a growing team

Dubai to reintroduce 30% alcohol sales tax in 2025 – report

Dubai to reintroduce 30% alcohol sales tax in 2025 – report

The suspension of the sales tax, which was initially planned to last for one year from January 1 to December 31, 2023, resulted in significant savings for restaurants, bars and hotels

How RAKEZ is catalysing business, economic growth

How RAKEZ is catalysing business, economic growth

Ramy Jallad, the Group CEO of RAKEZ says Ras Al Khaimah offers businesses unmatched access to diverse and lucrative markets

Airbus expands global footprint with Saudi Arabia HQ

Airbus expands global footprint with Saudi Arabia HQ

The Riyadh HQ will further bolster the aircraft maker’s commercial, defence, space and helicopter businesses in the region and globally

Mubadala-led consortium buys stake in health tech firm Zelis

Mubadala-led consortium buys stake in health tech firm Zelis

The co-investment process for the deal attracted a global group of investors, including Norwest and HarbourVest

Saudi Arabia’s Almoosa Health seeks to raise SAR1.7bn via IPO

Saudi Arabia’s Almoosa Health sets IPO price range, plans to raise SAR1.7bn

The indicative share price of SAR123 and SAR127 per share implies a market valuation of around SAR5.6bn at the top of the range