Dubai: As excise tax is a tax which is only levied once in the supply chain, there is expected to be a refund mechanism for businesses which may have paid this tax more than once. According to the excise law, the deductible tax is made up of tax paid on excise goods that have been exported,...

The new system will simplify data acquisition about flights. The Canadian company Searidge Technologies was engaged in development of new system for air traffic controllers which after end of the project and tests will be gradually developed at the international airport of Dubai in the...

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Etihad appointed Ray Gammell as interim Group CEO in May to replace James Hogan Etihad Airways has delayed the appointment of its new group chief executive to late 2017 with the hiring of a new boss nearly finalised, the airline said on Monday. In May, Abu Dhabi’s Etihad appointed...

The company said it planned to invest Dhs2bn in projects in the build up to 2020 Dubai-based developer Invest Group Overseas (IGO) has announced the launch of a new Dhs500m ($136.1m) tower in Jumeirah Lake Towers. Construction of IGO 101 is scheduled to begin in December and forms...

The excise tax will be imposed on tobacco products, energy drinks and certain soft drinks A federal decree-law on excise tax – set to be imposed on selected products – has been issued by UAE President Sheikh Khalifa bin Zayed Al Nahyan, it was announced on Monday. The move comes...

Sales prices are expected to continue falling over the next six to 12 months Contractions in household incomes and workforce redundancies in both the public and private sectors have weakened real estate demand in Abu Dhabi, a new report by consultancy Core Savills has found. The...

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Dubai Police say 'accidents' caused traffic backup A number of crashes on Dubai's Al Khail Road in the direction heading toward Abu Dhabi, after the Dubai Mall bridge caused tailbacks in the area. Drivers are warned to be “extra cautious” in that area this morning. The report was...