His Highness Sheikh Dr. Sultan bin Mohammed Al Qasimi, the Supreme Council Member and Ruler of Sharjah, has enacted a new law regarding corporate tax for both extractive and non-extractive natural resource companies operating in the Emirate of Sharjah. This law aims to establish clear tax obligations for companies involved in these sectors. Under this...
The Abu Dhabi Department of Economic Development (ADDED) has announced new measures designed to facilitate business expansion in the emirate. These changes allow companies registered in other UAE emirates and their free zones to establish branches in Abu Dhabi without needing to secure physical premises for the first year. This initiative applies to 1,200 economic...
Armenian citizens will soon have the ability to drive in the UAE using their Armenia-issued driving licenses, thanks to a new agreement between the two countries. They are set to sign a memorandum that will allow for the mutual recognition of driving licenses. The memorandum specifies that citizens from both Armenia and the UAE can...
Indian Oil Corporation (IOC), India’s largest oil company, has signed a significant long-term agreement with ADNOC Gas to import Liquefied Natural Gas (LNG). The deal, valued between USD 7 billion and USD 9 billion, spans 14 years and involves the supply of 1.2 million tonnes of LNG annually starting in 2026. The agreement was formalized...
Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, the Crown Prince of Dubai and Deputy Prime Minister and Minister of Defence of the UAE, has announced key details about the Dubai Loop project. This innovative transportation initiative will be developed in partnership with Elon Musk’s The Boring Company. The announcement was made during Musk’s session...
Dubai Municipality has officially launched its Building Intelligence Platform at the World Governments Summit 2025 (WGS). This new platform is designed to provide comprehensive data on buildings throughout the emirate, reinforcing Dubai’s goal to become a leading global center for urban innovation. The initiative reflects Dubai Municipality’s dedication to improving sustainable urban planning and developing...
In a significant move to strengthen Dubai’s position as a global hub for bullion and gold refining, industry leaders have officially launched the Dubai Business Group for Bullion and Gold Refinery. This new organization aims to provide a unified platform for stakeholders in the bullion and precious metals sector, promoting industry collaboration, innovation, and sustainable...
Dubai welcomed 1,327,000 visitors from the UK in 2024, marking a 14% increase compared to the previous year, according to the Department of Economy and Tourism (DET). This growth is part of a broader trend as international visitor numbers to Dubai reached 18.72 million, reflecting a 9% rise year on year. Despite this increase, the...
His Highness Sheikh Dr. Sultan bin Mohammed Al Qasimi, the Supreme Council Member and Ruler of Sharjah, has issued an Emiri Decree that approves the general organisational structure of the Sharjah Department of Public Works (SDPW). This new structure aims to enhance the operational capabilities of the department and streamline its functions. The Decree specifies...
Jebel Ali Free Zone (JAFZA) has entered into an agreement with the German technology group Allied Heat Exchange AG (A-HEAT) to establish the largest heat exchanger production facility in the Gulf Cooperation Council (GCC). This significant development aims to address the increasing demand for energy-efficient cooling solutions, particularly for data centers that require advanced thermal...