CYVN Holdings and Mumtalakat are committed to optimising McLaren’s portfolio to ensure sustainable long-term financial returns, positioning the company for continued success McLaren Group has entered into a definitive binding agreement with CYVN Holdings (CVYN), an advanced mobility...

The UAE will impose a minimum top-up tax of 15 per cent on large multinational companies operating in the country from next month The United Arab Emirates will impose a minimum top-up tax (DMTT) of 15 per cent on large multinational companies operating in the country starting in...

Authorities have encouraged drivers to take advantage of these discounts and clear any pending fines during the promotion period In initiatives announced to mark Eid Al Etihad 53, motorists in several emirates are now eligible for a 50 per cent discount on traffic fines. The...

The construction of the warehouse is underway, with completion scheduled for November 2025 dnata Logistics, part of the Emirates Group, has broken ground on a 57,000-square-meter warehouse in Dubai South, strategically located near Al Maktoum International Airport. The new facility is...

By supporting the financial services sector through targeted exemptions, the UAE continues to build on its strategy of becoming a top-tier financial hub The recent amendments to the UAE’s VAT Executive Regulations represent a significant step forward in aligning the country’s tax...

Dubai Safari Park has announced that, starting Dec.13, 2024, it will be extending its timings, enabling visitors to enjoy night safaris. The novel experience will offer residents and visitors a chance to appreciate wildlife by nighttime. Combined with a host of other activities,...

The service will use self-driving vehicles to provide smart mobility solutions in various areas of Abu Dhabi, including Saadiyat Island and Yas Island Uber Technologies and China’s WeRide said on Friday that its autonomous ride-hailing service is now available to everyone in Abu Dhabi,...

Located in the heart of Dubai’s City of Arabia, Laguna Residence is the UAE’s first AI-integrated residential community ONE Development, a homegrown boutique real estate developer with offices in Abu Dhabi and Dubai, has announced the complete sell-out of the first phase of its...

From January to August 2024, Bayut recorded over 1.8 million detailed page views for high-end homes, signalling unprecedented interest in Dubai’s luxury market Dubai has long been synonymous with luxury living, but its appeal as a haven for the ultra-rich from around the globe has...

Jebel Jais in Ras Al Khaimah recorded the lowest temperature in the UAE on Saturday, and the coldest by 7°C at 3:30am, due to the effect of the country and the region by an extension of a low-pressure system from the east, which coincided with an extension of a low-pressure system in the upper...