The development philosophies and policy objectives of our countries are similar, says Xi. ABU DHABI- Chinese President Xi Jinping has said that the UAE and China are geographically far apart and different in national conditions, but "both are proud to have an enterprising and creative...

Real estate-related services are subject to five percent VAT on the value of the service ABU DHABI - The Federal Tax Authority, FTA, has called on persons dealing with commercial real estate to apply the basic Value Added Tax, VAT, rate of five percent on all sales and rent of such...

The waterfront development draws its inspiration from the French Riviera waterfront lifestyle UAE-based Azizi Developers has signed up Arthur Mackenzy Properties Group, a leading US property investment and management company, for the sales and promotion of its famed Azizi Riviera project....

It improved the residents' purchasing power and quality of life The cost of living in the UAE continued to drop in the first-half of 2018, thanks to fall in rents, lower government public service fees, freeze and reduction in school fees and, most importantly, rising strength of the dirham...

The Dubai-listed airline is also discussing the possibility of buying Boeing 737 and Airbus A320 jets Dubai – The UAE-based Air Arabia has announced plans to purchase new aircraft this week during the Farnborough International Airshow 2018 held in the UK, CEO Adel Ali said. The...

“It is certain that the country will soon make use of game-changing technologies" Dubai: The UAE has ranked first in the Middle East and North Africa (MENA) region in terms of innovation, which was reflected in its value-added tax (VAT) legislation, according to a report released by Global...

Abraaj’s troubles began after allegations of money misuse Dubai: Emirates NBD has announced its exposure to The Abraaj Group through an AED 78.24 million ($21.3 million) investment in the ailing private equity firm’s asset management business. The Dubai-listed company also revealed an...

5,181 active brokers, representing 2,113 offices, contribute to the growth of the sector DUBAI - Dubai Land Department, DLD, has announced that the real estate brokerage commissions reached AED571 million during the first half of 2018, with a total of 5,181 active brokers, representing...

The banks’ cost to income ratio (C/I) improved UAE banks continue to perform well, with higher levels of profitability and liquidity is expected to remain healthy for the remainder of 2018, according to Alvarez & Marsal. The report shows that deposits grew at a similar rate (1.41 per...

TV network will use the new base at MarketSite, part of Nasdaq Dubai's new offices in the Dubai International Financial Centre CNBC, the world's number one business and financial news network, has announced the expansion of its Middle East operations with a new studio set to open in...