February 2018 — Topical news of the United Arab Emirates

February 5, 2018 no comments 1245
Drivers who cross the toll and do not pay the fee can face fines not exceeding AED10,000 Abu Dhabi is set to introduce road tolls similar to the Salik electronic toll system in Dubai, according to a new law issued by President Sheikh Khalifa. Law No 17 of 2017 states that the...

February 5, 2018 no comments 1202
Annual traffic increased 5.5 percent to 88.2mln passengers, compared to 83.6mlnn in the previous year DUBAI - Dubai International Airport said it kept its place as the world's busiest for international passengers in 2017 even as passenger traffic grew at its slowest pace in at least nine...

February 5, 2018 no comments 1169
The company is also looking to upsize its existing loan facility due to cost overruns, IMG said. DOHA/DUBAI - Ilyas & Mustafa Galadari Group (IMG), the Dubai-based operator of the world's largest indoor theme park, is in talks with banks to restructure a 1.2 billion-dirham ($326.7 million)...

February 5, 2018 no comments 1011
The Mall will see a new anchor tenant, Lulu Hypermarket, open its doors in March this year The Mall at the Abu Dhabi World Trade Centre will add thirteen new brand outlets over the rest of 2018, it has announced, in addition to the four that opened their doors this year. The addition...

February 5, 2018 no comments 1052
The country introduced a 5 per cent value added tax rate on January 1 The UAE’s Federal Tax Authority (FTA) has warned registered businesses that they have only until the end of this month to file their first value added tax returns. The deadline applies to businesses whose first tax...

February 5, 2018 no comments 1006
The Securities and Commodities Authority warned that crypto investments were not covered by the law The UAE’s Securities and Commodities Authority (SCA) on Sunday warned investors about digital token-based fundraising activities amid wider concerns of market volatility. The SCA said...

February 5, 2018 no comments 837
The Norway-based Manon Business Group says that Dubai's waterfront projects and new recreation-friendly policy hubs will make it one of the globe's foremost maritime leisure hubs by 2022 Dubai is now among the world’s top ten maritime capitals, and fifth in the world in terms of...

February 5, 2018 no comments 964
Reports from New York suggest that investors in a $1bn healthcare fund have hired forensic accountants to find out The Abraaj Group has rejected claims by investors, including the Bill and Melinda Gates Foundation, that it has misused $200 million allocated to a healthcare fund. A...

February 4, 2018 no comments 668
City: Ajman Industry: Engineering Career: Management Job Type: Full Time Gender: Any Listed: February 3, 2018 5:29 pm Expires: 359 days, 6 hours Description We are looking for Accountant as soon as possible. Please kindly submit your CV in...

February 4, 2018 no comments 571
City: Ras Al Khaimah Industry: Construction Career: Mid Career Job Type: Full Time Gender: Any Listed: February 3, 2018 5:29 pm Expires: 359 days, 6 hours Description Looking for Plant Nursery Manager who is having sales experience in Nursery...

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