Understanding mainland vs freezone company setup options in the UAE

An investor’s guide to the advantages and challenges to expect when choosing to setup either a freezone or mainland company

The SME Story: Ibtissam Ouassif, co-founder of Cashew Payments

The buy now pay later platform has already received $13.5m of funding in its pre-series A round

Private schools across Dubai to follow new working week

The UAE government announced a truncated working week for the public sector earlier today

The role of volunteerism in meeting national government agendas

The last two years have cast a critical eye on the importance of volunteerism. Volunteering…

Dubai Airshow 2021: Beckoning the revival of the local and regional aviation sector

As the first in-person airshow to take place since the outbreak of the pandemic, the event saw several deals announced

UAE flag

UAE switches weekend, announces four-and-a-half-day working week

The move is applicable to federal government entities

UAE Dhs50 banknote

UAE launches new Dhs50 banknote to commemorate country’s golden jubilee

The new issue is the first banknote made of polymer material to be circulated in the UAE

How Dubai’s commercial property market is at an inflection point

Demand is starting to outstrip supply within the emirate’s commercial property space

Missile Attack

Video: Saudi forces destroy ballistic missile targeting Riyadh

The interception resulted in scattered debris over some residential areas, with no damages reported

Saudi Crown Prince arrives in Oman on official visit

On the sidelines of the visit, Saudi Arabia and Oman signed 13 memoranda of understanding across different sectors

Abu Dhabi

Abu Dhabi’s IHC unit raises $13.1bn from direct listing

The firm is now working on listing its healthcare group

Saudi oil discovery

Saudi Aramco awards $15.5bn pipeline deal

A group led by BlackRock will buy a 49 per cent stake in Aramco Gas Pipelines

Etihad Airways SVO Moscow

UAE’s Etihad ramps up operations to Moscow

Etihad has launched its inaugural flight to the new International Terminal C at Moscow Sheremetyevo Alexander S. Pushkin International Airport

UAE reports 48 Covid-19 cases, 70 recoveries

The nationwide case count has risen to 742,376

In pictures: Expo 2020 Dubai records 5.66 million visits until Dec 5

More than a quarter of November visitors came from outside the UAE

Saudi Arabia Sputnik V

Saudi Arabia approves entry of visitors jabbed with Sputnik V Covid-19 vaccine

However, upon entering the country, persons vaccinated with Sputnik V will be required to quarantine for 48 hours and take a PCR test

Real estate: How buyers must adopt a longer-term approach

Investors rushing to buy off-plan properties in Dubai must avoid focusing on the short-term market trends

Dubai’s property market soars with Jan-Nov 2021 sales figures highest since 2014

The value of real estate sales transactions for the first 11 months of the year is 88.39 per cent more than 2020 as a whole

Saudi Arabia raises oil prices for Asian and US customers

Oil slid for a sixth straight week due to the spread of Omicron and the prospect of more barrels coming to the market

Projects of the 50: Dhs50bn UAE Railways Programme launched

It includes a high-speed passenger service connecting 11 key cities in the country including Dubai and Abu Dhabi

Enoc Dubai

ENOC Group to open 14 compact stations in Dubai

The first compact station opened at Dragon Mart 2 earlier this month

Anantara World Islands Dubai Resort

Anantara World Islands Dubai Resort to open this month

Situated on Clarence Island, the five-star resort will feature its own 2,000sqm private beach

Covid-19: UAE reports 50 cases, 75 recoveries

The nationwide case count has risen to 742,328

IHC’s Multiply Group starts trading on Abu Dhabi Securities Exchange

The group had assets of Dhs8.16bn and 3,240 employees as at end of September 2021

Is now a good time to enter or exit Dubai’s real estate market?

With prices of villas and townhouses rising in Dubai, what counts for a good move?

Dubai’s RTA completes 50% construction of Sheikh Rashid bin Saeed Roads Corridor

The project, which extends 8km along Ras Al Khor Road, runs from the intersection of the Dubai-Al Ain Road to the junction of Sheikh Mohammed bin Zayed Road

DEWA NEW CENTRE

Dubai’s DEWA inaugurates new visitor centre in fourth phase of mega solar park

The 950MW fourth phase of the Mohammed bin Rashid Al Maktoum Solar Park has investments totalling Dhs15.78bn based on the IPP model

UAE agrees to buy 80 Rafale fighter jets during Macron visit

The UAE is also buying 12 Caracal military helicopters from Airbus

Tenants renovating properties in Dubai’s Al Quoz Creative Zone exempt from rents for up to 2 years

The decision is part of the framework of the 100-day plan for the Al Quoz Creative Zone development project

UAE France

UAE’s Mubadala signs two investment agreements with French entities

The agreements were reached with Bpifrance and the French Ministry of the Economy, Finance and Recovery