#UAE

UAE refutes fourwork week reports

UAE FAHR says four-day workweek rumours are ‘not true’

The authority urged the public to verify the accuracy of the information and take such news from the UAE’s official sources

UAE and Cambodia CEPA deal

UAE signs bilateral trade deal with Cambodia

The agreement with Cambodia will reduce or remove tariffs, eliminate barriers to trade and create new avenues for strategic investment

Global Village

Here’s when Global Village Season 28 opens; it’s earlier than expected

By opening earlier for Season 28, Global Village aims to ensure that guests can enjoy an extended period of entertainment, cultural diversity and attractions

UAE National Sports Strategy 2031 approved by UAE cabinet Image Dubai Media Office Twitter

UAE cabinet approves National Sports Strategy 2031

The strategy will implement 17 initiatives in the coming years, including discovering new talented athletes in schools and updating sports education methodology and laws

UAE cabinet approves formation of council to combat drugs Image credit Dubai Media Office Twitter

Sheikh Mohammed announces formation of national council to combat drug trafficking

The National Council Against Drugs is chaired by Lieutenant General Sheikh Saif bin Zayed Al Nahyan

cooking robot

UAE’s dnata introduces cooking robot at World Travel Catering & Onboard Services Expo

Developed by Moley Robotics, the robot is able to recreate identical dishes at scale by following pre-recorded chef instructions

UAE Egypt sign deal to build 10GW_wind farm Image Masdar

UAE, Egypt ink deal to develop Africa’s largest wind farm, project valued at $10bn

The wind farm will help Egypt meet its strategic objective of sourcing 42 per cent of its energy from renewables by 2030

healthcare systems

Preserving health and planet: The imperative of sustainable healthcare systems

The interconnection between sustainability and climate change in the healthcare sector is crucial for safeguarding the future of both our planet and the human race

UAE weather

UAE weather: Temperatures to hit 50°C this week

However, residents in Dubai can expect a slight respite on Friday, with a relatively cooler day at 37°C

LBS' Jane Khedair on why the MENA region is prime ground for VCs and startups

Insights: Why the MENA region offers exciting opportunities for VCs, startups

The abundance of family money, rising government and financial support for startups complemented by the focus on economic diversification has put the region into the spotlight

FTA Director General Khalid Ali Al Bustani

Corporate tax: FTA launches corporate tax workshop platform

The new feature forms part of the steps the FTA has taken to ensure a smooth implementation of the corporate tax law

National Bonds raises stake in Taaleem oup CEO image National Bonds

National Bonds increases stake in Taaleem to 22%

Taaleem operates 26 schools with 27,000 students, supported by more than 1,700 faculty members and 3,000 administrative staff in the UAE

AD Ports Group, Crystal Offshore deal

AD Ports Group inks 25-year agreement with Crystal Offshore

The new shipyard fabrication facility will cater for drilling rigs and marine assets as well as deep water vessels such as FPSO

UAE launches nationwide sustainability awareness campaign Image: Credit Getty Images

COP 28: New national campaign launches to raise sustainability awareness

The campaign aims to spread awareness about UAE’s environmental sustainability issues, encourage community engagement and support climate action strategies ahead of COP28

Winners of the startup pitch competition

Make it in the Emirates: MoIAT reveals startup pitch competition winners

Twenty-four startups were shortlisted to participate in the competition by a panel of industry experts from a pool of almost 400 submissions

New cancer drug-from-Astrazeneca-launched-in-the-UAE-Image-credit WAM

New drug to treat liver, lung cancer now available in UAE

The UAE is one of the first countries in the Middle East to receive the medication

FAB allots $1.3bn in financing

UAE’s FAB to provide $1.36bn in financing solutions to investors

The bank will offer competitive financing solutions to support the adoption of advanced technology in the industrial sector

UAE corporate tax_free zones

Corporate tax: UAE exempts free zones from business tax

The government said qualifying entities in the country’s economic free zones will be subject to a 0 per cent rate

UAE’s Falcon 40B, AI Model is Now Royalty-free image credit Technology Innovation Institute

UAE’s Falcon 40B AI model is now royalty free for commercial, research use

The AI model can help raise efficiencies such as faster project starts, faster iterations, more flexible software development processes and easier license management

EV Market

UAE’s EV market projected to grow by 27% annually over next six years

With more than 20 per cent of government car fleets running EVs since 2021, the UAE is leading the way towards the future of electric vehicles in the region

EDB finance deals

Make it in the Emirates Forum: EDB unveils Dhs424m in financing deals

The deals come as part of the bank’s mandate to approve Dhs30bn in funding support to companies in the UAE within five key focus sectors

orporate tax Image-by-WAM

Corporate Tax: MoF issues 3 new decisions, includes rules for determining taxable income

The new decisions will help determine taxable income in addition to providing tax relief for intra-group transfer of assets or liabilities between members of the same qualifying group

CBUAE, HKMA partnership

CBUAE issues new AML guidance for financial institutions

The central bank’s guidance highlights the risks of dealing with virtual assets and virtual asset service providers and their business models

‘Make it in the Emirates Forum’ opens in Abu Dhabi

The two-day forum will showcase investment opportunities within the local industrial sector, product development and redirecting procurement towards the national economy

The biggest future trends in education

Insights: The biggest trends shaping the future of education

James Shipton, Regional Exams Director, MENA, British Council tells us that the outbreak of Covid-19 accelerated several education trends, including a greater acceptance of digital technology

UAE fuel

UAE fuel prices for June: Super 98, Special 95 rates revised

The UAE fuel price committee has slightly reduced the rates

U-Ask

UAE launches AI-powered chatbot ‘U-Ask’ for streamlined government services

Users can retrieve essential details regarding service requirements, tailored information based on their preferences

UAE upcoming public holiday

Corporate tax: UAE announces rules on tax grouping and interest capping

The decision further clarifies the conditions under which UAE resident entities that are 95 per cent or more commonly owned can form or join a tax group and be treated as a single entity

Tabreed forays into India

UAE’s Tabreed invests Dhs44m in TATA Realty’s Intellion Park

The Dubai-listed firm will acquire the existing cooling infrastructure at the Intellion Park development, which covers a total area of 3.5 million square feet

UAE and Poland seeks to bolster ties

UAE, Poland seek to strengthen financial and economic ties

The two countries agreed to strengthen their cooperation and exchange knowledge, experiences and best practices in the field of tax policy