Business News

Emirates has announced a AED 58.7 billion (US$ 16 billion) deal for 36 additional Airbus A380 aircraft, with 20 firm orders and 16 options. Emirates’ A380 fleet operates both GE and Rolls-Royce engines, and the airline is evaluating engine options for its latest A380 order. The additional Airbus A380s will be delivered to Emirates from […]

Tech giant Apple says it will bring much of its overseas cash back to the United States.  It’s in line to be the first major company to repatriate money from overseas as a result of the new tax laws passed in Washington last month.   Technology Correspondent Rachel Silverman has details

The industrial sector could contribute up to a quarter of the UAE’s GDP by 2026. Suhail Al Mazrouei, the country’s Minister of Energy and Industry, says maximising the UAE’s capabilities in the industrial sector is a priority over the next eight years. He also said that building a sustainable, knowledge-based economy is one of the […]

The first tax period for some businesses in the UAE has been extended. According to the Federal Tax Authority (FTA), the new amendments include extending the first accounting tax period by one to three months for some firms. Companies can view the amendments to their first tax period by logging into their accounts on the […]

Using solar power to desalinate water is commercially viable in Abu Dhabi. That’s according to Masdar, which has announced the findings of its Renewable Energy Desalination Pilot Programme in Ghantoot. It found that using renewable energy to power seawater desalination is a commercially attractive, low-cost and sustainable solution in the Gulf.

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