ABU DHABI- The number of commodities covered by the UAE's selective taxation has been announced as 1,610 items, 60 percent of which are classified as soft drink products, 26 percent as tobacco and its derivatives, and some 14 percent as energy drinks, all deemed as the most damaging to the...

The growth rate of the industrial sector in the gross domestic product (GDP) of Abu Dhabi, UAE amounted to 3.6 per cent in 2016, while the rate of cumulative growth of transformational industries in the GDP was 4.8 per cent from 2013 to 2016, a senior Abu Dhabi economic official said. ''The...

Dubai-based master developer Nakheel is making its way to Munich with a multitude of real estate investment opportunities worth more than Dh6.5 billion ($1.7 billion) as it exhibits at Expo Real in Germany for the first time. The only UAE developer exhibiting at the event, Nakheel is showcasing...

The Abu Dhabi National Oil Company (Adnoc) will lower its production of oil in November, reflecting the country’s commitment to reduce its share of production by 139,000 barrels per day, which was decided by the Organisation of the Petroleum Exporting Countries (Opec) said Suhail bin Mohammed...

Four plates were responsible for a significant percentage of the auction earnings Dubai’s Roads and Transport Authority has raised Dhs24.8m ($6.75m) in its latest licence plate auction. The 96th edition of the auction, held on Saturday, saw 80 distinct plates go under the hammer....

Dubai: The UAE is slowly adding more multi-millionaires back to its wealthy population, with the number of high-net-worth individuals (HNWIs) reaching 55,700 in 2016 after plunging from a recent peak. The 2017 World Wealth Report released on Thursday by business consultancy Capgemini,...

The project is scheduled for handover in the first quarter of 2020 Abu Dhabi’s Aldar Properties has announced the awarding of a Dhs745m ($202.8m) contract to Construction Group Contracting House for its mid-market The Bridges residential development on Reem Island. The contract...

Excise duty came into force on Sunday, doubling the price of tobacco and energy drinks Packets of cigarettes were reportedly in short supply in the UAE over the weekend ahead of country’s excise duty on ‘harmful products’ coming into force on Sunday. The UAE’s Excise Tax, which was...

Emaar set to market the landmark on conjunction with its Burj Khalifa 'At the Top' experience Dubai Frame, the latest landmark on the emirate's growing skyline, is set to open next month, and will feature a look at the city's past, present and future. A Dubai Municipality project,...

32 km route laid in residential areas The RTA has completed 90% of a new cycling runway in the Mushrif, Mirdif and Khawaneej areas, Director General and Chairman of the Roads and Transport Authority (RTA), Mattar Al Tayer has announced. The 32 km route, expected to be completed in...