June 2018 — Topical news of the United Arab Emirates

June 27, 2018 no comments 892
Operator of Dubai International Airport says it expects to see more than 1.1 million travellers between July 5-8 as the summer holidays kick in The operator of Dubai International Airport says it expects more than 1.1 million travellers to visit the aviation hub between July 5-8 as the...

June 27, 2018 no comments 964
Eshraq Properties and Reem Investments say they were unable to agree on major commercial matters. Abu Dhabi’s Eshraq Properties has shelved plans to acquire Reem Investments after being unable to come to a suitable agreement, the companies said on Tuesday. “The strategic investment of...

June 27, 2018 no comments 1014
Fidu Properties, one of the leading Chinese companies in the UAE property market, has announced plans to pump nearly Dh2 billion ($544 million) into Dubai's real estate sector by the end of this year. As part of its regional expansion strategy, Fidu will soon be introducing different real...

June 27, 2018 no comments 949
The voluntary disclosure form should not be used except for the referred cases only The Federal Tax Authority (FTA) has called on all registered businesses to use the voluntary disclosure form only in case of actual errors discovered in tax returns submitted by the taxable person, or in...

June 27, 2018 no comments 802
The shift towards a secondary market will continue As we get to the halfway stage of the year, what is clear is that the real estate (and the equity markets as well) market thus far remains sluggish. While the recent suite of initiatives announced have evinced excitement among investment...

June 27, 2018 no comments 990
One-stop shopping destinations like Lulu, Carrefour and online retailer souq.com are deeply embedded into the day-to-day lives of their users Top intimate brands deliver superior results related to revenue and profit growth by creating deeper relationships with their consumers, said a new...

June 27, 2018 no comments 983
Car owners get cost-conscious about insurance charges Residents across the UAE are being careful about where they are putting their money, especially when it comes to paying for car insurance. Many drivers have opted not to pay for extra add-ons in their car insurance packages in...

June 26, 2018 no comments 921
The iconic hotel will also under renovation in summer 2019 Home-grown hospitality giant Jumeirah is set to build ultra-luxury hotels similar to Burj Al Arab in their branding and service, according to group CEO Jose Silva. The chief executive told Arabian Business the hotelier wants...

June 26, 2018 no comments 1016
Another key contributor to the rise in consumer prices was the 'clothing and footwear' group The Abu Dhabi consumer price inflation rate during the first five months of 2018 was 3.7 per cent compared with the same period of 2017, latest figures issued by the Statistics Centre Abu Dhabi...

June 26, 2018 no comments 1200
Sharjah attracted Dh912 million ($248.2 million) in foreign direct investment (FDI) in 2016, a record amount according to the Sharjah FDI Office, also known as Invest in Sharjah IIS), a media report said. In April 2018 the IIS announced that the emirate had registered Dh5.97 billion in FDI in...

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