Tag: UAE

UAE: After Oman, will other GCC countries introduce personal income tax?

Oman is expected to roll out personal income tax, making it the first country in the GCC to do so, some time next year. This...

Is every free zone trader a qualified distributor to enjoy 0% tax?

The UAE corporate tax law applies to traders (persons who buy and sell the goods) unless they meet specific criteria for exemptions based on...

UAE, Saudi and Egypt start-ups secure most VC funding in H1

Start-ups in the UAE, Saudi Arabia and Egypt secured the most funding in the first half in Mena as the region’s venture capital landscape...

UAE central bank’s foreign assets surge to Dh750b

The Central Bank of the UAE (CBUAE) has said it boosted its foreign assets by more Dh176 billion within a year — from April...

UAE issues Microsoft alert: Users urged to update devices, avoid 139 vulnerabilities

The UAE's Cyber Security Council has urged Microsoft users to update their devices in order to avoid more than 100 vulnerabilities. The authority said in...

UAE announces new competition law prohibiting firms from offering ‘very low’ prices

The UAE is prohibiting companies from offering or applying very low prices for production, transfer and marketing with a monopolistic approach to drive other...

Mohammed bin Rashid announces world’s largest logistics hub to boost trade in foodstuffs, fruits and vegetables

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, announced the development of...

First Abu Dhabi Bank gives initial guidance for $750m debt sale

The UAE's First Abu Dhabi Bank has given initial price guidance for the sale of $750 million Tier 2 Capital Securities, a document showed...

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Saudi stocks plunge, other GCC markets set to open in negative territory

Analysts believe that investors will be gravitated towards defensive...

Saudi Exchange shows resilience on Aramco shares, defying regional trend

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Info Edge commits Rs 250 crore to new B8 Fund I to back growth-stage tech startups in India

Info Edge has approved a commitment of up to...