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UAE to implement 5% VAT from the start of 2018, but with exemptions

The UAE is reportedly set to implement 5 percent VAT from January 1, 2018, with 150 food items, health and education exempted, a senior...

Meraas to Launch Fun-filled Mattel Play! Town

Safe, Indoor ‘Eduplay’ Attraction for Children Aged 2 to 10 to Playfully Convey Social Skills Meraas, a Dubai-based holding company, is set to launch Mattel...

MENA Hospitality markets to post flat or negative performance in 2016

The outlook for hospitality markets looks rather challenging for the year ahead, following a performance hit in January, according to a new report. EY’s Hotel...

Cabin tour offers glimpse into newest two-class Airbus A380

More than 220,000 passengers have flown the two-class A380 on over 450 flights since it first entered service in December 2015. The Emirates’ two class...

Gold’s allure intensifies as equities, oil prices turn lower; High demand for ETFs

The demand for gold has significantly increased in recent weeks. Sales are driven by the concern of many investors of impending turmoil in the...

Could the oil price crunch topple governments?

Egypt's oil minister Osama Kamal has dismissed the head of state-owned Misr Petroleum and another top official due to a crisis in distributing fuel...

Mobile Money Accounts Increased by 31 Per Cent to 411 Million in 2015

Mobile Money Industry Continues to Grow With More Than One Billion Transactions Processed In December 2015 The GSMA today released its fifth annual ‘State of...

Zika Virus May Increase Risk of Mental Illness

The Zika virus, researchers say, closely resembles some infectious agents that have been linked to the development of autism, bipolar disorder, and schizophrenia. Reproductive health...