Monthly Archives: February 2024
AED10,000 Penalty for Late Corporate Tax Registration
The administrative penalty’s value is set in line with the late registration penalties imposed for Excise Tax and Value Added Tax
The Ministry of Finance...
The Oasis by Emaar Expands Land Space by 108%
The Oasis by Emaar now boasts a 108% increase in its land space, with the total development value escalating from AED 34 billion to...
Managing Menopause and Weight Gain
Menopause affects half the world’s population at some stage in their lives. Yet, there is little discussion about its impact on day-to-day lives. Navigating...
Ethereum as Crypto Growth Driver
Market picture
The crypto market settles at a $2 trillion cap level, up 0.8% on the day. Altcoins are once again driving growth, while the...
Binghatti’s First Bond Market Debut Soars at Over 200% Subscription
The leading Dubai real estate developer Binghatti, has achieved a significant milestone with the successful launch of its inaugural USD 300 million 3-year Sukuk...
Dubai Industrial City Reports 15% Growth in F&B Customers
12 new F&B customers in TECOM Group’s dedicated industrial district represent an investment of approximately AED 800 million.
Dubai Industrial City notes 17% growth in...
80% of Young Billionaires Skip College
Alexandr Wang, 26 years old, tops the list of the youngest self-made billionaires generating a net worth of $1 billion.
Pedro Franceschi, aged 27, takes...
The Old Municipal Street in Deira Revamped
Converting Deira's old municipal street into a pedestrian tourist corridor is aimed at offering a novel experience to visitors while improving accessibility between the...
Mclaren Abu Dhabi Delivers the First 750S in UAE
Abu Dhabi Motors, the official dealer of McLaren sales and service in the UAE’s capital, announced the delivery of the first 750S, the latest...
Altcoins’ Reverse Traction
Market picture
The crypto market hit multi-month highs on Tuesday but started Wednesday with a frightening decline. Ethereum lost around 2%, pulling back to $2929,...
flydubai Ramps Up Operations in Europe with Four New Destinations
The Dubai-based carrier announces the launch of flights to Basel, Riga, Tallinn and Vilnius, becoming the first UAE national carrier to operate direct flights...
DAMAC Awarded a Contract Worth Over AED 1.2 Billion for DAMAC...
Darwish Engineering Emirates LLC awarded the package for the main works
The scope of work will include villas in the Venice cluster
DAMAC Properties, one of...
Revolutionizing Beauty: Evolution Aesthetics Clinic Unveils New State-of-the-Art Technologies
In a groundbreaking move, Evolution Aesthetics Clinic has proudly introduced cutting-edge technologies, setting a new standard in the beauty and wellness industry in Dubai....
MAG Group Holding Records Over AED 12.6 Billion Sales in 2023
MAG Group Holding, the multinational conglomerate incorporating different companies across diverse sectors, announced the recording of AED 12.6 billion in sales for 2023 across...
Nakheel Sponsors UAE Tour 2024 Prestigious White Jersey
Nakheel, the world leading master developer, is sponsoring the UAE Tour 2024, the only UCI World Tour cycling race in the Middle East, for...
Dubai Harbour Marinas 1st Worldwide to Receive 3 Simultaneous Accreditations from...
Amongst the prestigious awards includes the coveted Gold Anchor, a recognition awarded to select marinas around the world for raising standards and providing customer-centric...
Ramadan District Returns to Jumeirah Emirates Towers
M2L Concepts, a leader in entertainment, leisure, and technology, is hosting the second season of Ramadan District, a celebration of the Holy Month of...
90% of CEOs are Waiting for GenAI to Move On
A new BCG survey of over 1,400 C-Suite executives in 50 markets reveals that while 66% of global leaders are ambivalent or dissatisfied with...