Saudi Arabia has announced new regulations allowing visitors to the country to claim back value-added tax (VAT) in an effort to boost the tourism industry. However, the government also plans to expand the tax base to include online transactions, which reflects its need to adapt to declining oil revenues. As the world’s second-largest oil producer,...
Wizz Air Abu Dhabi, the low-cost national airline of the United Arab Emirates, has announced the launch of its new flights to Varna in Bulgaria and to Baneasa Airport in Bucharest. This move enhances the airline’s list of destinations in Eastern Europe and reinforces its commitment to providing reliable, low-cost travel solutions for all passengers....
The Dubai Racing Club has announced that the 29th edition of the Dubai World Cup to be broadcast to 170 countries worldwide. This highly anticipated event is scheduled to take place at the Meydan Racecourse on Saturday. Live coverage of the Dubai World Cup will allow viewers from various regions to experience the excitement of...
Expo Centre Sharjah has reaffirmed its commitment to enhancing the exhibitions and events industry in the UAE, particularly in Sharjah. The Centre aims to foster growth that benefits essential economic, social, cultural, and educational sectors while strengthening its contribution to sustainable development. The Centre’s events calendar for 2025 features a diverse lineup of innovative and...
United Arab Emirates developers are set to invest more than $3 billion in luxury real estate projects in the Maldives by 2030. This significant investment is expected to transform the island nation from a solely tourism-focused destination into a lucrative second-home market for the ultra-wealthy, with potential returns of up to 20 percent, according to...
A significant influx of German millionaires is evaluating the prospect of relocating to the United Arab Emirates (UAE) due to increasing political tensions and economic uncertainty across Europe. This observation comes from a recent survey conducted by Arton Capital, a global investor migration consultancy. The survey targeted 1,000 German residents with a net worth of...
The Dubai International Boat Show 2025 has officially opened today, marking its 31st edition. The event is taking place at Dubai Harbour and will run until February 23. This year’s exhibition showcases a variety of boats and marine-related products, attracting industry professionals and enthusiasts alike. The event is expected to feature numerous exhibitors, highlighting the...