If caught for the first time, the establishment gets a warning. (Alamy Image) The Economic Development Department in Abu Dhabi has ordered all commercial facilities operating in the emirate not to collect any additional fees on credit card transactions. The department deemed this...

Domestic and international grants provided by the UAE rose 73.8 per cent to Dh 27.7 billion ($7.5 billion) during H1 2017, from a total of Dh 15.9 billion in 2016, according to the UAE Ministry of Finance. ''Grants provided by the UAE in the first six months of the year accounted for 10 per...

The Sharjah FDI Forum 2017 has revealed that the industrial sector alone has pumped approximately Dh40 billion ($10.9 billion) of the emirate's gross national product (GNP) accounting for 25 per cent of the total output. Panel discussions at the event also revealed that the Sharjah Free Zone...

The Abu Dhabi government has started work on a strategic tunnel project in line with its Vision 2030 to create a world-class wastewater treatment system, said a report. Sheikh Hazza bin Zayed Al Nahyan, Deputy Chairman of the Abu Dhabi Executive Council, was briefed about the ongoing...

Airport operator reports 65% jump in operating profit in first year of AED35 passenger fee The introduction of a AED35 fee on passengers using Abu Dhabi airports last year has led to a big jump in operating profit for Abu Dhabi Airports, the company has revealed. Abu Dhabi Airports...

Enness says it has seen a 31% growth in demand from GCC clients looking for UK property finance in the past six months Large loans broker, Enness, has opened an office in Dubai in response to a 31 percent growth in demand from GCC clients looking for UK property finance in the past six...

DXB Entertainments (DXBE) PJSC, the owner of Dubai Parks and Resorts, on Wednesday said it will receive a subordinated loan of 245 million UAE dirhams ($66.76 million) from Meraas, its majority shareholder, to fund its operational expenses and debt repayments. In a notice posted on the...

Dubai’s developers will have to work out ways to handle the VAT (value-added tax) on contractors during a project development phase. This could even have an impact on how developers end up pricing their property values, an industry source said. As such, residential off-plan sales have been...

He said the Year of Giving has "revealed and nurtured the philanthropic Emirati spirit. The Dubai Ruler has reminded all stakeholders concerned that there are just three months left in the Year of Giving. "This final stretch is the most important. Our goal is to expand further on our...

E-commerce site Noon was slated to launch in the UAE in January, but is yet to begin operations Kuwait-based retailer MH Alshaya has acquired a stake in the new $1bn e-commerce site backed by Dubai businessman Mohamed Alabbar, Noon.com. The value of the deal and size of the stake...