UAE’s Federal Tax Authority (FTA) has introduced a new electronic system for registering excise goods as part of its plans to further improve excise tax procedures...
Abu Dhabi National Exhibitions Company (ADNEC) and Al Ain Convention centre (AACC) have together contributed AED2.3bn to Abu Dhabi’s economy in the first half of 2019...
Most major Gulf markets traded in the positive today after returning from the Eid break, according to a Reuters report. Saudi Arabia and Oman markets are...
A specialised fund launched by the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) worth AED 600 million has been announced as part...
(Bloomberg) — Mubadala Investment Co., an investor in SoftBank Group Corp.’s technology fund, spent about $19 billion last year as the Abu Dhabi wealth fund expanded into...
(Bloomberg) — Etihad Airways may be cutting routes and slashing jet orders after racking up billions of dollars in losses, but one market at least is providing...
(Bloomberg) — Abu Dhabi Commercial Bank, which completed a three-way merger in May, reported an 11% decline in second-quarter profit as the cost of funds rose. Pro-forma...
Investment in AI, big data and analytics could cut capital expenditure by 20 percent and add $300 billion a year to offshore cash flows by 2025...
(Bloomberg) — SenseTime Group, one of the world’s most valuable artificial-intelligence startups, is setting up a hub in Abu Dhabi for Europe, Middle East and Africa with plans...
(Bloomberg) — First Abu Dhabi Bank’s board proposed removing the foreign ownership limit after the United Arab Emirates started loosening rules to attract international investors. The shares...
