Business News

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The distribution of residential units, housing loans and land worth a combined AED 7.1 billion has been approved for beneficiaries in Abu Dhabi, Al Ain and Al Dhafra region. These include 1,789 new houses, 2,647 residential plots as well as loans for the construction, refurbishment and maintenance of homes. The move follows the orders of […]

US firms continue to be the “preferred supplier” for the UAE’s aviation needs. More than $44 billion worth of deals came through at the recent Dubai Airshow, including a $15.1 billion order of 40 Boeing 787-10 Dreamliner aircrafts by Emirates Airlines. In a separate deal, budget airline carrier, FlyDubai, ordered 225 Boeing 737 MAX Airplanes […]

Dubai Airports has advised passengers travelling during the coming holiday weekend to arrive at least three hours early in order to make their flights. A total of 1.24 million passengers are expected to pass through the airport between Thursday and Sunday. Sunday is set to be the busiest day with up to 15 per cent […]

The UK has reportedly offered a higher so-called ‘divorce bill’ to Brussels of around €50 billion. It’s being widely reported in the UK media that such a sum has been offered and is being welcomed by EU negotiators. The divorce payment has been a key stumbling block as the UK tries to move Brexit talks […]

The UAE is fully committed to introducing VAT on January 1 and there are no plans to delay its implementation. That’s according to the Director General of the Federal Tax Authority His Excellency Khaled Al Bustani, who told ARN that they’re a seeing a surge in registrations closer to the deadline.

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