ABU DHABI // A fire broke out at a refinery in Abu Dhabi emirate on Wednesday evening. The Abu Dhabi National Oil Company had reported at about 7pm that work was in progress to contain the fire at Takreer Ruwais refinery and no casualties have been reported. "The fire is contained to...

Thanks to the government’s diversification policies, sectors such as tourism, manufacturing and exports are poised for expansion, says Khalaf Ahmad Al Habtoor At a time of global geopolitical uncertainty, fuelled by Brexit’s potential domino effect on the European Union’s cohesiveness, the...

New law will set standards of fair competition, says FNC The UAE Federal National Council (FNC) has approved a federal draft law on international trade which aims to protect local industry. The council stressed the measures will tackle “harmful practices” in international trade from...

Dubai International Financial Centre, DIFC, the financial hub of the Middle East, Africa and South Asia (MEASA) region, announced on Tuesday the launch of the region’s first fintech accelerator in Dubai. Set to be operational in the first quarter of 2017, the FinTech Hive at DIFC will...

A new agreement with RTA entitles Uber to offer the booking service of more than 14,000 vehicles comprising 9841 taxis and 4700 limousines. More than 14,000 Dubai taxis and limousines can soon be booked via Uber after the Roads and Transport Authority (RTA) signed a cooperation agreement...

Cabinet decision on ascertaining criminal record expected after committee submits report, minister says Abu Dhabi: The government will start security checks on foreign workers soon as a Cabinet decision in this regard is expected shortly, a minister told the Federal National Council (FNC)...

The UAE, which plans to introduce value added tax (VAT) next year alongside the other five GCC countries, could generate up to Dh20 billion in revenue from the levy in its second year of implementation, according to the Minister of Economy. "VAT is expected to yield Dh12bn in the first year...

Ento Capital Managment reveals plans to reconstruct Wonder Land project; awaiting planning approval from Dubai Municipality Plans have been revealed for a AED1.8 billion ($490 million) development in Dubai to feature amusement parks, apartments, shops, restaurants and a cultural centre....

Dubai: The Dubai Land Department has gone in for a serious upgrade to its “Trakheesi” smart system, which will ease procedures for real estate-related businesses to acquire licenses, special permits and brokers’ cards. The smart card system will be available to eligible staff in brokerage...

Jebel Ali Free Zone (Jafza), a DP World Company, and the UAE’s flagship trade and logistics hub for the Middle East region and Africa, has issued a new set of guidelines for the Jebel Ali Free Zone Companies Implementing Regulations 2016 that enables foreign companies to transfer and continue...