Business News

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Find out which areas are most popular to rent in UAE

As prices drop, some residential communities across the UAE are seeing stronger demand from house-hunters. According to the latest report by Propertyfinder, Masdar City in Abu Dhabi, Jumeirah Village Circle in Dubai, and Sharjah’s Muwaileh community all saw an increased interest in the third and fourth quarter of 2017. Affordability, location and nearby amenities have […]     Read More
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UAE-based banks record highest assets in GCC

UAE-based banks have recorded the highest assets in the GCC for the third year in a row. According to a survey conducted by the Emirates News Agency, the banks in the Emirates were valued to have assets close to AED 2.7 trillion at the end of 2017. Saudi Arabia-based banks come in second with total […]     Read More
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Emirates to operate A380 test flight to Beirut

Emirates will run a one-off Airbus A380 test service to Beirut on March 29. The flight, to Lebanon’s Rafik Hariri International Airport, will test the operations and infrastructure necessary for the double-decker plane. “The airline’s flagship double-decker will become the first-ever scheduled A380 service to Beirut,” the airline said in a statement. The aircraft will offer […]     Read More
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Five-star hotel spas in Dubai to increase by 2021

The number of five-star hotel spas in Dubai will increase by more than 10 per cent by 2021. That’s according to a new report by Colliers International, which found that the rise will be linked to the city’s hotel pipeline.  In total, the report predicts that the number of five-star hotel spas in Dubai will […]     Read More
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Dubai takes steps to maximise economic impact of raw data

Dubai is taking steps to maximise the economic impact of raw data.  Smart Dubai have joined hands with the Supreme Legislation Committee to launch a new set of policies aimed at making it easier for government departments to access and use data. According to the recent Dubai Data Economic Impact report, sharing of open data […]     Read More
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Emirates to launch new service to Auckland via Bali

Starting summer, Emirates will launch a new daily service between Dubai and Auckland, via the Indonesian island of Bali. The new service, which takes flight on June 14, brings the number of daily Emirates flights to New Zealand to three. It will also offer three daily services between Dubai and Bali. The airline will operate a […]     Read More
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Sharjah Airport passengers total 11.3 million in 2017

Sharjah International Airport welcomed over 11.3 million passengers in 2017, which is an increase of 327,000 travellers compared to the previous year.  The facility also recorded robust growth in overall aircraft movement (77,627 flights) and freight volume (148,312 tonnes). The addition of new airlines and routes as well as access to enhanced facilities like smart […]     Read More
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FTA issues guidelines on tax regulations

The Federal Tax Authority (FTA) has issued 50 guidelines and e-learning modules to raise awareness about key aspects of the UAE’s taxation system. They cover various regulations and rules, including tax registration, filing returns and claiming refunds. It’s the latest in a series of initiatives aimed at ensuring transparency and accuracy in implementing tax procedures. […]     Read More
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Abu Dhabi’s non-oil foreign trade touches AED 159.9 billion

The value of non-oil foreign trade through Abu Dhabi’s ports reached AED 159.9 billion in 2017. According to the emirate’s Statistics Centre, imports accounted for the bulk of the amount (AED 115.5 billion), followed by exports (AED22.6 billion) and re-exports (AED21.7 billion). These figures only include the trade of non-oil goods that entered or exited through Abu Dhabi’s […]     Read More
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