November 2017 — Topical news of the United Arab Emirates

November 29, 2017 no comments 1126
Investment Corporation of Dubai also says revenues rise by 13% during first half of 2017 Investment Corporation of Dubai (ICD), the emirate's sovereign wealth fund, on Wednesday announced revenues of AED93.2 billion and net profit of AED10.3 billion ($2.8 billion) for the first half of...

November 29, 2017 no comments 869
Khaled Al Bustani, director general of the Federal Tax Authority, says VAT will start as planned on Jan 1 2018 The UAE is fully committed to introducing VAT on January 1 despite calls for it to be put back by a senior banker, it was announced on Wednesday. Khaled Al Bustani, director...

November 29, 2017 no comments 1003
A poll conducted by YouGov shows that a majority of managers believe that innovation is only the responsibility of senior execs A vast majority of UAE residents believe that the companies they work for are innovative, according to a new YouGov poll commissioned by Emirates Global Aluminum...

November 29, 2017 no comments 1169
Abu Dhabi trade in planes and spacecraft, including parts thereof, has amounted to Dh9.3 billion ($2.53 billion) during the first nine months of 2017, according to figures released recently by the Statistics Centre-Abu Dhabi. The stated value doesn't include the deals made by the emirate and...

November 29, 2017 no comments 1060
$44 billion in new orders were laced with American companies at the recent Dubai Airshow US companies remain the “preferred supplier” for the UAE’s commercial and military aviation needs, with over $44 billion in new orders placed at the recent Dubai Airshow, according to Yousef Al Otaiba,...

November 29, 2017 no comments 1019
Ongoing or planned railway projects in the UAE are worth $13.9 billion Investment and construction in the UAE’s transportation infrastructure will remain robust over the coming decade, with the expansion of rail being a key driver for growth, according to a new outlook from BMI Research....

November 29, 2017 no comments 1160
How potential liabilities may be defrayed using contractual terms and insurance As an owner-occupier, your primary risk would be damage or destruction to your real estate asset. As such your insurance will likely be for a lump sum amount or full replacement or reinstatement of the...

November 29, 2017 no comments 1165
Many operators in food and beverage sector continue to struggle as retail supply outpaces growth in demand Despite the fact that people continue to spend the same amount on food and drink as last year, the report highlights how many operators in the food and beverage (F&B) sector...

November 28, 2017 no comments 1132
Sheikh Mohammed praises the Louvre and congratulates the UAE ahead of its 46th National Day Louvre Abu Dhabi is an “architectural masterpiece” that shows the UAE’s commitment to openness and tolerance, according to His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and...

November 28, 2017 no comments 1151
Cultural festival to host five days of celebrations with fireworks and cultural shows Dubai cultural festival, Global Village is set to unveil thousands of sculptures of the trademark UAE victory salute to celebrate the country’s upcoming National Day on December 2. Around 15,000...

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