Sunday, July 27, 2025

Finance

UAE to set up special court for money laundering, tax evasion crimes

The establishment of a specialist court will support the continuous development of Abu Dhabi's judicial system. Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister, Minister of Presidential Affairs and Chairman of the Abu Dhabi Judicial Department (ADJD), issued a...

UAE has no plan to hike VAT

The UAE and Saudi Arabia levied five per cent VAT from January 1, 2018 and later Bahrain also introduced it. The UAE's Ministry of Finance on Tuesday said it raised Dh11.6 billion in value-added tax (VAT) revenues in the first...

Optimism dims as Dubai growth slows

Private sector firms still expect a rise in activity in the coming 12 months, but the degree of positivity was only fractional, according to IHS Markit Dubai PMI survey report After a robust quarter of growth, business optimism about an...

Adnoc banks on new neighbourhood fuel stations

The ambitious rollout of ‘Adnoc On the go’ stations offer motorists convenience and a glimpse of the future Few things are more frustrating on a car journey than a flashing fuel warning light when there isn’t a petrol station in...

Dubai records Dh2.9 billion realty sales

As many as 44 plots were sold for Dh176.48 million while 854 apartments and villas were sold for Dh1.49 billion The real estate and properties transactions valued at Dh2.9 billion in total through 1,241 deals during the week ending November...

Opec oil revenues to slide 46% to $272B, weakest in 18 years

The pandemic-induced low oil demand, price crash and record production cuts are set to slash the net oil export revenues of Opec members by $272 billion, a 45.7 per cent drop this year compared to 2019. Combined, all 15 members...

Indigenized HDS Catalysts Used for 1st Time at Sabalan Petrochem PlantIndigenized HDS Catalysts Used for 1st Time at Sabalan Petrochem Plant

Due to the US sanctions, the company could not import HDS catalyst that is exclusively made by the Danish chemical company Haldor Topsoe Sabalan Petrochemical Company in Asalouyeh, southern Bushehr Province, has started using domestically-made hydrodesulphurization (HDS) catalysts for the...

ICA Approval Requirement and Update for UAE Residents: What You Need to Know

The Federal Authority for Identity and Citizenship (ICA) earlier required UAE residents looking to enter the Emirates to obtain prior approval. ICA’s approval was necessary for all residents who had acquired their visas in Abu Dhabi, Ajman, Fujairah, Ras Al...

Oman plans to levy income tax on wealthy individuals starting 2022

The International Monetary Fund sees Oman’s economy shrinking 10 per cent this year Cash-strapped Oman plans to take a step unheard of in the Gulf region: It’s going to start taxing the income of wealthy individuals beginning in 2022, as...

Commercial Bank of Dubai lists $600m bond on Nasdaq Dubai

The six-year bond with a 6 per cent interest rate was 2.1 times subscribed The Commercial Bank of Dubai (CBD) listed a $600m AT1 conventional bond on Nasdaq Dubai recently. The six-year bond with a 6 per cent interest rate was...

Latest News

Dubai residents will no longer be able to renew their visas in the UAE unless they pay traffic challans, what expats need to know

Dubai residents will no longer be able to renew their visas in the UAE unless they pay traffic challans,...

Today Gold Rate in Dubai (UAE) in Dirham, 25th July 2025

Today Gold Rate in Dubai (UAE) Today Per tola is AED 4,767.58 while 24k Per 10 Gram gold price is AED 4,087.50. Usually people...

Today Gold Rate in Saudi Arabia – 25th July 2025

Today Gold Rate in Saudi Arabia (SAR) Today Per tola is SAR 4,898.80 while 24k Per 10 Gram gold price is SAR 4,200.00. Usually...

Today Gold Rate in Qatar – 25th July 2025

Today Gold Rate in Qatar Today Per tola is QAR 4,747.17 while 24k Per 10 Gram gold price is QAR 4,070.00. Usually people opt...

Today Gold Rate in Oman – 25th July 2025

Today Gold Rate in Oman Today Per tola is OMR 499.21 while 24k Per 10 Gram gold price is OMR 428.00. Usually people opt...