July 2019 — Topical news of the United Arab Emirates

July 3, 2019 no comments 387
122 economic activities across 13 sectors were specified to be eligible for up to 100 percent foreign ownership such as renewable energy, space, agriculture, and manufacturing Industry ABU DHABI: The UAE Cabinet, chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice...

July 2, 2019 no comments 521
Exchange is also planning a platform for real estate investment trusts, Hassan Al Serkal says The Dubai Financial Market (DFM) has a healthy level of initial public offerings (IPOs) in its pipeline and expects its new real estate investment trust (REIT) platform to have promising...

July 2, 2019 no comments 371
A 3-day mourning period has been announced SHARJAH: The Court of H.H. Dr. Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, on Tuesday mourned the death of Sheikh Khalid bin Sultan bin Mohamed Al Qasimi, the son of His Highness the Ruler of Sharjah, who...

July 1, 2019 no comments 439
Plans by RTA will see a split between hybrid and electric vehicles Ninety percent of limousines in Dubai will be environmentally friendly vehicles by 2026. According to the plan from the Roads and Transport Authority, 65 percent of the emirate’s limousine fleet, which includes...

July 1, 2019 no comments 428
The Alamo BBQ Brunch in The Blacksmith Smokehouse is more about sharing good food and enjoying a chilled out vibe As a novice long distance runner, I'm well versed in the saying'it's a marathon, not a sprint'. Sadly, this has not converted to the Dubai brunch scene. A perfect...

July 1, 2019 no comments 473
Special Olympics World Games 2019 was staged in Abu Dhabi in March The Special Olympics World Games 2019 generated AED957 million ($260.58 million) in revenue for the United Arab Emirates when the event was staged in March, . The report by consultancy firm PwC Middle East...

July 1, 2019 no comments 405
The move will end the prospect of its Oman-listed majority owner listing Topaz in London Dubai’s DP World has confirmed it is in "advanced discussion" to take over Topaz Energy and Marine in what is understood to be a deal worth $1.3 million. Reports had suggested the deal could...

July 1, 2019 no comments 424
Emirate receives 42%, or Dh11.34B, of Dh27B total collected in 2018 Dubai was the largest beneficiary among the seven emirates in value-added tax (VAT) collection last year, receiving 42 per cent or Dh11.34 billion of the Dh27 billion total, Moody's Investors Service said. Data...

July 1, 2019 no comments 404
Abu Dhabi Securities Exchange cut trading commission by up to 90% ABU DHABI- The Abu Dhabi Securities Exchange (ADX) said on Sunday it was cutting its trading commission fees by between 50% and 90% as it seeks to attract investors into the market. The measure comes amid Abu...

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