The initiative aims to slash 20% of the emirate's consumption of electricity and water by 2030 Special spaces in Abu Dhabi shops will be allocated for displaying only the most energy-efficient and water-saving products to cut consumption levels and protect environment, announced...

Meanwhile, gap between villas and apartments are narrowing due to the entry of lower priced inventory The gap between apartment and villa/townhouse prices is narrowing in Dubai, says consultancy Cavendish Maxwell. The first quarter of Q1 2017 marked the entry of lower priced...

This decision is a response to the calls of many authorities and institutions subject to VAT DUBAI: The Federal Tax Authority, FTA, has made some exceptional amendments to the first tax period for those subject to value-added tax, VAT, to be more flexible with the business sectors included...

Renovation project is part of Sharjah International Airport's efforts to improve services for passengers Sharjah International Airport has re-opened its Duty Free shopping area, following extensive renovations. The revamp includes new internationally-recognised brands, in addition to...

Property consultants Cavendish Maxwell also predict rental declines will continue in the first quarter of 2018 The rate of decline in residential property prices across key communities in Dubai has slowed over the last 12 months in comparison to 2016, while rents have continued to decline...

Dubai has embarked on plans to build the country's largest sustainable environment, tourism and recreational project - Marmoom Reserve - which will host diverse wildlife and also act as a venue for a series of annual sporting events such as the Dubai International Cycling Tour. HH Shaikh...

Belfrics sees Bahrain as a gateway to the $50bln digital payment market in the Mena region MANAMA - Malaysia-based Belfrics Global is gearing up to open and operate a cryptocurrency exchange in Bahrain, which will be a first for the Mena region. This follows the cryptocurrency...

Al Mansouri noted that the law will increase allowed percentage of foreign ownership of local investment projects, up to 100% in specified sectors. ABU DHABI- Sultan bin Saeed Al Mansouri, Minister of Economy, has announced that the average value of foreign direct investment, FDI, received...

The service has become mandatory to companies operating trucks exceeding 20 years in service The Roads and Transport Authority (RTA) confirmed in a press release today that more than 5,000 heavy vehicles had now been fitted with smart monitoring devices that remotely detect vehicle faults...

Tuition prices have been reduced by as much as 33 percent A number of Dubai schools have lowered their tuition fees for the next academic year starting September, citing economic pressure as one of the reasons. Horizon International School (HIS) in Dubai reduced its tuition fees by...