The Federal Tax Authority (FTA) has clarified that cryptocurrency mining for personal accounts will not be subject to the UAE’s value-added tax (VAT). This announcement was made on Tuesday, addressing the growing interest in cryptocurrencies among residents. However, the FTA specified that if an individual mines cryptocurrency on behalf of someone else, this service will...
Reckless driving in the UAE is facing strict penalties as authorities aim to enhance road safety. Recently, Dubai resident Sanjay Rizvi experienced severe consequences after jumping a red light. The 22-year-old Indian expat had his brand-new Tesla sedan impounded for one month and was fined Dh50,000 for its release. The penalties for traffic law violations...
The Khaleej Times has announced the Best Places to Work in the UAE for 2025, powered by WorkL, highlighting Aamro Group of Companies, ADG Legal, and KnowBe4 as exemplary employers. These companies have been recognized for their commitment to innovation and employee well-being, establishing a positive work environment that attracts and retains talent. Additionally, Dubai...
AD Ports Group has entered a significant partnership with SEMURG INVEST LLP, the developer of the Sarzha Multifunctional Marine Terminal at Kuryk Port in Kazakhstan. According to the Foundation Agreement signed on January 14, 2025, AD Ports Group holds a 51 percent stake, while Semurg owns 49 percent in the Sarzha Grain Terminal venture. This...
PowerChina is reaffirming its commitment to expanding operations and increasing investments in the renewable energy sector within the Gulf region. Jin Huibin, the Country Representative and Commercial Manager of PowerChina, emphasized that the Middle East, particularly the Gulf countries, offers numerous large-scale projects and significant investment opportunities. His statements were made during the World Future...
H.H. Sheikh Theyab bin Mohamed bin Zayed Al Nahyan, Deputy Chairman of the Presidential Court for Development and Fallen Heroes’ Affairs, welcomed Christopher Luxon, the Prime Minister of New Zealand, during his official visit to the UAE on January 14, 2025. During the visit, Prime Minister Luxon participated in a ceremony where he reviewed a...
Masdar, a prominent player in the clean energy sector, has set an ambitious goal of achieving 100 gigawatts (GW) of clean energy capacity worldwide by 2030. Fatima Al Suwaidi, who leads Development & Investment for the Asia-Pacific region at Masdar, mentioning this commitment during the Abu Dhabi Sustainability Week 2025. Al Suwaidi stated that this...
President His Highness Sheikh Mohamed bin Zayed Al Nahyan and His Excellency Dr. William Samoei Ruto, President of Kenya, participated in the signing of the UAE-Kenya Comprehensive Economic Partnership Agreement (CEPA) at Qasr Al Bahr in Abu Dhabi. This far-reaching agreement aims to deepen trade and investment ties, strengthen supply chains, and enhance market access...
Ministers and officials in the UAE have expressed strong support for the recently signed Comprehensive Economic Partnership Agreement (CEPA) with New Zealand. They view this agreement as a strategic move to enhance bilateral economic relations and improve cooperation in key sectors such as advanced technology, clean energy, agriculture, and financial services. The CEPA is set...
Catalyst, the first technology startup accelerator in the region focused on sustainability and clean technology, announced three new direct investments and the launch of its tenth cohort of startups. This announcement was made at the World Future Energy Summit in Abu Dhabi on January 14, 2025. The new investments include AeD energy, Batsand, and Solumar,...