The UAE's Federal Tax Authority plans to implement the scheme from Q4 2018 The UAE’s Federal Tax Authority (FTA) is urging VAT-registered retailers, outlets and shops to register for a tax refund scheme for tourists which is slated to come into effect in the fourth quarter of 2018, the...

The store enables Saudi customers to purchase products from Amazon.com in the US directly on the site Customers in Saudi Arabia can now purchase more than one million products from Amazon.com in the US directly on Souq.com, after the launch of the ‘Amazon Global Store’ in the kingdom....

Hotel guests from China - Abu Dhabi's number one source market - increased almost 9 percent The number of hotel guests in Abu Dhabi in August rose 10.5 percent compared to the same time period last year, with double digit growth from many key markets, according to new figures from the...

With the deal, the port becomes the largest ever operation by a UAE company in the United States UAE-based independent port operator and logistics company has signed a 50-year, $600 million concession to develop and operate the port of Wilmington in the American state of Delaware, the...

The UAE Federal Transport Authority-Land and Maritime (FTA) has signed an agreement with Ireland-based Cork Institute of Technology (CIT).  The MoU aims to implement collaborative programmes and projects between both sides in the areas of research, education, training, technology...

Profitability continues to rise with operating income and net interest margins significantly higher UAE - The 10 largest listed banks in the UAE maintained increasing levels of confidence in the second quarter by recording increased lending activity and a higher return on credit,...

Etihad and Emirates publicly deny merger talks but an exploratory look at operations remains on the table, according to the people who asked not to be identified A combination of Dubai-based Emirates and Abu Dhabi’s Etihad would be the airline industry’s deal of the decade, if it can...

REIT listings are already available on the Nasdaq Dubai Dubai Financial Market (DFM) has said it will launch a new real estate investment trusts (REITs) platform in the coming months after publishing new regulation. The emirate's stock exchange said the new regulation for REITs...

Emirate's Department of Economic Development has issued permits to 163 free zone companies Dubai's Department of Economic Development (DED) has issued permissions to 163 free zone companies that will allow them to operate in the Emirate's mainland. The move comes after the DED and...

Private K-12 education sector growth rate is growing three times faster than GDP Favorable demographic statistics see the UAE leading the growth of the private K-12 education sector in the Middle East, according to a new report by LEK Consulting. Schools in the UAE account for 60...