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UAE Has No Plans To Tax Individuals – Finance Minister

The country is mulling the imposition of tax on companies, Sheikh Hamdan cofirmed.

France’s AXA To Take Major Stake In UAE’s Green Crescent Insurance

The sizes of the stake and details of the nature of the alliance have not been disclosed.

Rolling Stones Rock Abu Dhabi In First Middle East Show

The performance marks the start of a tour that moves on to Japan, Macau, Australia and New Zealand.

Venus Williams Claims Dubai Tennis Championship

This is the American’s first singles title since 2012.

Tenants Become Investors As Abu Dhabi Engineers Property Rebound

Unlike Dubai, Abu Dhabi’s property market rebound appears to have been triggered by clever government intervention in the market.

61,000 UAE Mobile Users Request To Switch Operators – TRA

More than 23,000 mobile numbers have been switched so far, according to the TRA.

US Negotiator At Iran Talks Heads To Saudi Arabia, UAE

Under secretary for political affairs Wendy Sherman will travel to Abu Dhabi, Riyadh and Jerusalem next week for consultations with respective governments.

Blackrock Says Cut Exposure To UAE Stocks On Signs Of Excess

The fund’s largest equity investments include Emaar Properties and London-listed UAE firm NMC Health.

Dubai Taxis To Accept Card Payments From February

An extra charge of Dhs2 will be levied on all credit and debit card payments while Nol card users will incur a Dhs1 charge.

Emirates Plane Causes Scare In Melbourne After Smoke Emerges From Tyres

Engineers found the smoke to be the result of a common occurrence caused by a warm tyre, the airline said.

Three Adagio Aparthotels Gear Up For UAE Launch

Accor is tapping into region-wide demand for long-stay accommodation

London’s Lord Mayor Concerned Over Lack Of Women In Top Jobs In The GCC

Ambassador for the UK’s financial sector wants to see more women at senior management and board level.

Nakheel Says Retailers Book 40% Of New Mall On The Palm

The developer confirmed that 120 retailers have booked spaces at Nakheel Mall.

Mashreq, Visa Launch 2014 FIFA World Cup Branded Cards

The branded credit and debit cards will introduce a new rewards programme for users.

Dubai’s Inflation Rate Edges Up In January

Dubai’s inflation rate rose month-on-month by 0.49 per cent in January, driven by housing and utility costs.

UAE Firm Eyeing ‘Big’ IPO On Nasdaq Dubai In 2014

The new listing could revive the struggling platform, says senior lawyer.

Dubai Agrees Roll-Over Of $10bn Crisis Debt To UAE – Sources

The emirate borrowed the money five years ago and the debt is due to mature next month.

Abu Dhabi Rents Shoot Up In Q4 2013

One-bedroom units in the emirate recorded the highest rise in rates as rents rose by 11 per cent in the last quarter.

Dubai’s Arabtec Says Its Unit Wins $272m Kazakh Contract

The Abu Dhabi Plaza development in Kazakhstan is under construction by a joint venture of Arabtec and Consolidated Contractors Co.

Shell Sells Australian Downstream Oil Assets For $2.2bn

Abu Dhabi Investment Council and Dutch-owned oil trader Vitol have reportedly bought Shell’s downstream Australian assets.

Babyshop To Open 15 New UAE Outlets By 2016

The kids’ retail store, part of the Landmark Group, currently operates 40 stores in the UAE.

Emaar, Abdul Latif Jameel Create JV To Develop Projects In Saudi

The new entity, called Emaar Jameel, will focus on developing integrated real estate projects in the Kingdom.

Du Looks To Buoyant UAE Economy For Future Growth

The telecom operator currently claims 46.4 per cent of mobile subscribers in the UAE.

Dubai’s Property Market Sees Strong International Investor Interest

Along with domestic buyers, Dubai’s real estate market is recording a rise in institutional investors.

New Abu Dhabi Finance Centre Appoints DFSA COO As Advisor

Jan Bladen has been appointed executive adviser and programme lead at Abu Dhabi Global Market.

Nakheel Launches Luxury Residences At The Palm

Prices for the 504 units on sale at the Palm Tower Residences start from Dhs1.5 million.

UAE Telco Du Q4 Profit Falls 43%

Du’s full-year profit for 2013 was Dhs1.99 billion, up slightly from Dhs1.98 billion a year earlier.

Hotel Review: Ritz-Carlton, Dubai

The new Shorooq wing houses 148 rooms, while the new bar and pool offer a higher level of luxury and sophistication.

Dubai’s Mashreq Hikes Foreign Ownership Limit To 49%

Foreigners currently own two percent of the bank’s shares.

Air Arabia Q4 Net Profit Rises 12%

The Sharjah-based carrier made a net profit of Dhs94 million ($25.6 million) in the fourth quarter.