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Category: Business
The International Free Zone Authority (IFZA) has entered into a strategic partnership with RAKBANK, aiming to enhance business and financial solutions for its partners. This collaboration is designed to provide a comprehensive range of tailored banking services for entrepreneurs and businesses operating under IFZA, which is in line with their mutual goal of fostering business...
AMMROC, a leading name in military maintenance, repair, and overhaul (MRO) solutions in the Gulf region, has partnered with UK-based aerospace engineering company Marshall. Both companies recently signed a Memorandum of Understanding (MoU) to explore ways to expand their market reach and improve their service capabilities. The partnership will focus on combining AMMROC’s advanced MRO...
During 13th International Pharmacy and Medicine Conference (ICPM 2025), Sharjah has announced the establishment of three new pharmaceutical factories, which will collectively require an investment exceeding $84 million (AED308.7 million). These agreements were signed during the conference, held at the Sharjah Research, Technology, and Innovation Park. The new facilities will complement an existing pharmaceutical plant...
The Federal Tax Authority (FTA) in the UAE has announced that corporations failing to pay their due corporate tax will incur a monthly penalty of 14 percent per annum. This penalty is applied to the unpaid tax amount and begins accruing from the day after the payment deadline. Each month following the deadline, the penalty...
The UAE’s corporate tax system is now in full effect, and some businesses have already filed their first tax returns, marking a significant milestone since the country introduced the tax in June 2023. Companies licensed in June 2023, whose financial year ended by February 29, 2024, had until December 31, 2024, to submit their returns...
H.H. Sheikha Latifa bint Mohammed bin Rashid Al Maktoum, the Chairperson of the Dubai Culture and Arts Authority, convened a meeting with Daren Tang, the Director-General of the World Intellectual Property Organisation (WIPO), during the 55th Annual Meeting of the World Economic Forum (WEF) in Davos on January 24, 2025. The primary focus of their...
M42, a global leader in healthcare, has announced the establishment of a new operating structure aimed at driving innovation and enhancing business growth both locally and internationally. This reorganization will focus on strategic priorities and create a framework for both organic and inorganic growth, including the formation of impactful partnerships and leveraging artificial intelligence to...
DOMOTEX Middle East will take place at the Dubai World Trade Centre (DWTC) from April 22 to 24, 2025. This event follows the notable success of its 2024 edition and aims to offer an expanded display of innovative flooring solutions and artisanal craftsmanship. The 2025 edition is expected to draw a wide range of industry...
The Sharjah Chamber of Commerce and Industry (SCCI) engaged in discussions with officials from the Indian state of Kerala to explore cooperation in various economic sectors of mutual interest. The meeting aimed to enhance the investment climate and increase trade exchange volumes between Sharjah and Kerala to levels that reflect their potential. This business meeting...
The UAE’s telecommunications provider, e&, has been recognized as the fastest-growing brand in the world, with its brand value skyrocketing to $15.3 billion. This remarkable increase places e& among the top ten most valuable telecom brands globally. The news comes from Brand Finance’s latest report released on Tuesday, highlighting the company’s impressive transformation during its...