united arab
Rado opens a new store in Dubai
RADO has opened its sixth boutique in the United Arab Emirates on Al Fahidi Street at Meena Bazaar, making it its fourth boutique in Dubai to date. The new store reflects RADO’s pioneering spirit and it shows in its latest retail design concept. Adrian Bosshard, CEO of RADO, said: “We are very honored to open …
Launch of the Middle East’s first book on the transition to net zero
Farah Naz, co-author of the book Image Credit: Supplied Climate change is an alarming topic, but what is often overlooked is the fact that to achieve sustainability, action must start in our cities. Rapid urbanization has resulted in overburdened infrastructure and services and unplanned sprawl. By 2050, cities will be home to an additional 2.5 …
Wealthface takes stock trading to a new level
Trading is never random, and professional stock trading requires researching new methods to improve trading strategy. So, most of the time, you have to take trading to a new level by exploring amazing updated features. Wealthface fulfills this desire by bringing the convenience of lightning-fast execution, professional trading tools based on strategies and analytics, and …
Explained: does corporation tax apply to the self-employed? – Tax
To print this article, all you need to do is be registered or log in to Mondaq.com. “Corporation tax” can best be understood as a form of direct tax levied on the net income or profit of a company or business entity. It is also commonly referred to as “corporate profit tax” or “corporate income …
The Dubai Carmel School will represent the United Arab Emirates in the global competition
Dubai Carmel School students Nicolas, Lara, Maryam, Jana with Jolly P Joy, IT HOD & Innovation Coordinator Image Credit: Supplied A team of students from Dubai Carmel School have been announced by the British Council as the national winners of the Your World 2021-22 video competition. The theme of the competition was Urban Life: Sustainable …
Prestigious 2022 ABLF Awards Announced at Expo 2020 Dubai
Among this year’s winners are HE Mahinda Rajapaksa, Prime Minister of Sri Lanka (ABLF Statesperson Award), HE Ban Ki-Moon, Former Secretary General of the United Nations (ABLF Social Humanitarian Award), HE Zayed R. Alzayani, Minister of ‘Industry, Commerce and Tourism, Bahrain (ABLF Ambassador of Commerce Award), HE Mariam bint Mohammed Almheiri, Minister of Climate Change …
ANALYSIS-UAE corporate tax could dilute competitive advantage, as Saudi Arabia intensifies
Band Saeed Azhar and Lisa Barrington DUBAI, February 17 (Reuters) – The UAE’s corporate tax plans risk eroding one of its main attractions as the Gulf’s top destination for foreign business, at a time when Saudi Arabia is opening up and making pressure on multinationals to transfer their regional headquarters there. As the UAE becomes …
Meet leading Sri Lankan exporters at Expo 2020 Dubai
With the support of Sri Lankan Missions, SLBC and NCE are coordinating with Chambers of Commerce to attract and invite potential buyers to visit the Sri Lanka Export Brands Exhibition. With these efforts and strategic event dates coinciding with Gulf Food Expo 2020, the Sri Lanka Brand Expo can expect more regional visitors and UAE …
Corporate tax in the United Arab Emirates: companies have enough time to put the right processes in place
The UAE plans to introduce a 9% tax on corporate profits from June 2023 as part of an ongoing plan to diversify the economy from oil and gas revenues and ease pressures tax. While the UAE’s tax-free status has long attracted global businesses, the levy-free regime has helped grow the Gulf nation’s economy as a …
What you need to know about corporate tax on business profits in the UAE as of June 1, 2023
The United Arab Emirates Ministry of Finance (MOF) recently announced the introduction of a federal corporate tax in the United Arab Emirates (the “UAE Corporate Tax”). “Corporation tax” can best be understood as a form of direct tax levied on the net income or profit of a company or business entity. It is commonly referred …
Frankly: New corporate tax unlikely to affect UAE’s competitiveness, says Dubai Multi Commodities Center CEO
DUBAI: The new tax to be introduced on companies in the UAE is unlikely to affect the competitiveness of the country’s free zones, the director of Dubai’s main commodity trading center told Arab News. Ahmed bin Sulayem, Executive Chairman of the Dubai Multi Commodities Centre, said: “The comments I had… (is that the tax) does …
Future Trend and Key Segment Analysis and Forecast 2022 to 2028 Concur, Zoho Expense, Certify, Xpenditure – Talking Democrat
Research reports on “Corporate Governance Services Market” report provides a detailed overview of factors affecting the global scope of business. The information contained in the Global Corporate Governance Services Market report provides forecast data on future market growth in global demand and supply. The report initially provides a basic overview of the segments, market dynamics, …
EFG Hermes shares jump 16% after FAB bid
Today, the Financial Supervisory Authority received the first letter from First Abu Dhabi Bank regarding the disclosure of its intention to submit a non-binding offer to acquire a controlling percentage of at least 51% of the shares of EFG Hermes Holding in accordance with the provisions of Chapter Twelve of the Executive Regulation of the …
Will FDI levels fall as the UAE introduces corporate tax? Investment Monitor
The United Arab Emirates (UAE) Ministry of Finance announced on January 31, 2022 that it is introducing the first-ever corporate profit tax in the country’s history. As of June 1, 2023, taxable profits over MAD 375,000 ($102,000) will be taxed at 9%. For a country that has built its business community on a low or …
LuLu Money collaborates with Network International
Speaking about the partnership, Mr. Richard Wason, CEO of LuLu Financial Group, said, “The payments ecosystem in the UAE is advancing rapidly and in this context, the creation of easier touchpoints for users to make their online transactions will go a long way to building trust. As an active participant in the UAE payments ecosystem, …
The new UAE corporate tax is the lowest in the GCC
The United Arab Emirates on Monday introduced a federal corporate income tax from June 1, 2023 for the first time. It introduced corporate tax at the rate of 9%, the lowest of the six Gulf Cooperation Council countries, to maintain a low base to maintain its attractiveness for business. Bahrain is the only GCC country …
New UAE corporate tax lowest in GCC – News
Bahrain is the only GCC country that has not introduced corporate tax Published: Mon 31 Jan 2022, 06:27 PM Last update: Mon 31 Jan 2022, 07:36 PM The United Arab Emirates on Monday introduced a federal corporate income tax from June 1, 2023 for the first time. It introduced corporate tax at the rate of …
Fast Track Solutions Simplifies Specialist Healthcare Recruitment in the UAE
Fast Track Solutions, a leading healthcare recruitment agency since 2010, has scaled up and restructured the way recruitment is done in the UAE medical sector. With operations in the United Arab Emirates, Saudi Arabia and Bahrain, over 10,000 specialist candidates, over 25 sourcing countries and over 82 licenses purchased, Fast Track solutions provides end-to-end consulting …
How Richard Mille creates art with Louvre Abu Dhabi
Strong points – 10 years of partnership – Promotion of contemporary art – Creation of the Richard Mille Art Prize Continuing its commitment to the advancement of contemporary art, the Richard Mille brand is proud to be associated with the Louvre Abu Dhabi for the next 10 years. Signaling the start of a dynamic, long-term …
Corporate Governance Services Market to See Widespread Expansion During 2022-2028 – PwC, KPMG, Mindtree, Bernard Robinson & Company
The most recent statistical survey report on the global corporate governance services market involves a comprehensive assessment of the global corporate governance services industry, with variables that will affect the revenue stream of the company during the evaluated course of events. In addition, it gives an expressive framework of the possibilities open in the sub-promotions …
Enfield Royal Clinic arrives in Abu Dhabi
Royal Enfield Clinic Image Credit: Provided Enfield Royal Clinic celebrates ten years of service in the United Arab Emirates by opening its last clinic in Abu Dhabi. The new clinic is located in Khalifa City – A, one of Abu Dhabi’s central locations. Like our other branches, it is equipped with the most modern equipment …
JOMO starts global deliveries
Image Credit: Provided JOMO (jomo.pk) Technologies, one of Pakistan’s fastest growing online fashion retailers, offering global and local fashion brands, today announced the launch of its new global asset. These changes come at a time when the tech company is evolving its offering and seeking to expand its global reach in the wake of a …
Inspiring a healthy community through the Health Is My Wealth program
Image Credit: Provided Health and wellness is no longer just a buzzword, as research has shown that the UAE’s health landscape is affected by what we eat and how we live, leading to problems. alarming health issues: overweight, hypertension, diabetes and obesity. Dole, Al Ain Farms, Shield Me and Emirates Macaroni have launched the Health …
Westford has a huge positive environmental impact
Image Credit: A group of 200 students planted 200 saplings at the Al Qudra tree plantation site, in collaboration with Emirates Environment Group on December 15, 2021. When 200 young leaders took action to save the planet a tree in at the time it was a sight to behold. Through collaboration with Emirates Environmental Group, …
Tristar receives Mohammed Bin Rashid Al Maktoum (MRM) business award
Tristar Group CEO Eugene Mayne (center) with company staff – Khushnuma Hassan and Mohan D. from Business Excellence, Sundararaghavan from HR and Prasad KM from IT Image Credit: Provided Tristar Transport LLC was awarded in the transport and logistics category at the Mohammed bin Rashid Al Maktoum (MRM) business award. Tristar Group CEO Eugene Mayne …
BeingShe Universe 2021 Grand Finale Celebrated: All Aboard!
Image Credit: The third season of BeingShe Universe took place on November 29 at Float Dubai, aboard the retired Queen Elizabeth II. The event was enhanced by the presence of Sheikh Juma Bin Maktoum Al Maktoum who was the guest of honor, prominent guests and various media personalities. Wassim Mandil and Iman Harti presented the …
Digital Kings continues to support Dubai while growing
Ramneek Sidhu, CEO of Digital Kings Image Credit: Provided Dubai, the homeland of the rich and the rich, has a well-established digital marketing network. The Rich’s Playground is succeeding by using its digital marketing campaigns to attract tycoons and billionaires to the city, and with a population of 3.43 million, the strategies are clearly working. …
Edinburgh Cashmere is launched in the United Arab Emirates
Image Credit: Provided Edinburgh Cashmere launches international delivery to the United Arab Emirates as part of its global expansion. Soon in store in Dubai! Edinburgh Cashmere is a luxury fashion brand that produces only 100% pure cashmere and lambswool scarves, stoles, capes and blankets. Exclusive designs from iconic brands, attention to detail and attention to …
Quality government service center marks UAE National Day
Ahmad Al Bedwawi, Manager – Quality Government Service Center, Maryam Albalooshi, DRH, Quality Government Service Center, Rashed Almaqoodi, President, Superjet Group, Major General Obaid Muhair bin Suroor, Deputy Director General of the General Directorate of Residence and Foreigners at Dubai and Masiuddin Mohammed, Managing Director, Superjet Group Image Credit: Provided Quality Government Service Center, a …
Rivoli Vision launches the 50th anniversary edition of OMEGA UAE
Image Credit: Provided Rivoli Vision announces a very special limited edition of OMEGA eyewear as it pays homage to the 50th anniversary of the United Arab Emirates. The UAE 50th anniversary edition of OMEGA eyewear takes on special significance as it marks a momentous occasion, indelibly etched in the archives of the unification of the …
GJ Real Estate launches new flagship properties in Ajman
Image Credit: Provided Over the years, GJ Real Estate has transcended to become a leading real estate developer in Ajman and the Northern Emirates. The company announced its new flagship project – Rital & Rinad Towers, located on Sheikh Khalifa Bin Zayed Road, Ajman, United Arab Emirates. GJ Real Estate’s new premier towers offer attractive …
Shanxi week held at Expo 2020 Dubai
Image Credit: Provided Shanxi Week was simultaneously unveiled on the provincial capital Taiyuan main site, the Dubai site and via the webcast. At the opening ceremony, He Tiancai, Vice Governor of Shanxi Province, delivered a speech on behalf of the Shanxi Provincial Party Committee and the provincial government. Recorded video speeches by Ali Al Dhaheri, …
DM Consultant announces expansion plans in the Philippines and Southeast Asia
UAE’s leading immigration consultant expands horizons Image Credit: Provided DM Consultants, a trusted name in the immigration industry, recently announced plans to open their very first office in the Philippines. The brand also revealed its intention to increase its visibility in India through new branches in different cities and overall significantly increase its global presence …
Superjet Tours celebrates its 15th anniversary in the United Arab Emirates
Shanfir Abdurahman, Chief Financial Officer, Superjet Group, Maria Javier, Managing Director, Superjet Tours, Rashed Al Maqoodi, President, Superjet Group, Masiuddin Mohammed, Managing Director, Superjet Group and Mohammed Hussain, Chief Visa Officer, Superjet Group Image Credit: Provided Superjet Tours, a subsidiary of Superjet Group, celebrated its 15th anniversary in the United Arab Emirates earlier this week. …
Joyalukkas festive cashback offer to celebrate this Diwali
Image Credit: Joyalukkas Joyalukkas, the world’s favorite jeweler, has announced a festive cashback offer to make this Diwali shimmering and joyful for its customers. John Paul Alukkas, Managing Director of International Operations at Joyalukkas Group, said that as part of the festive cash back offer, customers could benefit from this Diwali, which is one of …
Kava & Chai partners with The Reach campaign
Mike Butler, CEO of Kava & Chai Image Credit: Provided Kava & Chai, collaborated with The Reach Campaign, an awareness and fundraising initiative launched in February 2019 to fight neglected tropical diseases (NTDs). Reach campaign spokesperson Muna Abdulla Alhammadi, program manager, said: “This campaign is the latest effort in the UAE’s long-standing commitment to end …
Techugo on the development, funding and success of applications
Image Credit: We rarely see examples of outstanding achievement in less time. Techugo’s story is one of those exceptions! This innovation hub has grown considerably in just six years and has delivered formidable applications. In addition, it has successfully adapted to the best brands. Fortune 500 companies, Global 2000, Future Unicorns startups and celebrities like …
Sanjeevv Bhatia Group and its subsidiaries participate in 2021 stakeholder conference
Sanjeevv Bhatia, Chairman of SB Group and CEO of Netix Global BV Image Credit: Provided Strong points The Sanjeevv Bhatia group, headquartered in Dubai, as well as subsidiaries Netix Controls, ODS Global and Teknoware, will participate in the next physical edition of the Stakeholder Conference 2021 as a sponsor. The subsidiaries will each present their …
DEWA signs several memoranda of understanding at GITEX 2021
The Dubai Electricity and Water Authority (DEWA) booth at the 41st GITEX Technology Week hosted the signing of several MoUs. Image Credit: Provided Dubai: The Dubai Electricity and Water Authority (DEWA) booth at the 41st GITEX Technology Week hosted the signing of several MoUs between DEWA, ​​Digital DEWA, ​​its digital branch and DEWA subsidiaries of …
Mayor of London calls for more environmental, social and corporate governance investments ahead of COP26
By Hatem Hussein DUBAI, (UrduPoint / Pakistan Point News / WAM – October 06, 2021) City of London Mayor William Russell urged governments and businesses to adopt more ambitious climate targets and invest in more technology green ahead of the crucial UN COP26 summit next month in the UK. This happened during his visit to …
How art can inspire corporate culture
By Lionel Aeschlimann – Managing Partner, Mirabaud Group Mirabaud is an international banking and financial group that offers a clientele of private and institutional investors, businesses and finance professionals highly personalized investment, private banking and asset management services. Founded in 1819, and today run by the seventh generation of entrepreneurs, it has gradually become the …
Top Company News June 29
Representative image | Photo credit: AP Highlights S&P: ONGC’s earnings will benefit from the rise in the price of crude during FY22 NTPC considers IPO of NTPC Renewable Energy branch to raise funds Dr Reddy’s says Sputnik V launch delayed due to testing and import issues L&T Technology partners with US cloud software provider to …
Should GCC States Be Afraid of the G7 Global Tax Plan?
Saudi Arabia was seen as particularly vulnerable to the fallout from a global tax. The Kingdom is a member of the G20 group of countries and bound by the decisions that this body takes at its annual meetings. The G7’s next step with its tax plan is to submit it to the wider G20, where …
Mohammed founds DWC Corporation – News – Government
In his capacity as Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the United Arab Emirates, enacted Law No. 11 of 2015, establishing the Dubai World Central Corporation as a subsidiary of the Dubai Aviation City Corporation. In accordance with the law, Dubai World Central Corporation …