Business & Money | Sunday 30 July, 2023 9:18 am

MoF announces schedule of administrative penalties for corporate tax violations

The UAE Ministry of Finance (MoF) today announced the issuance of Cabinet Decision No. (75) of 2023 regarding administrative penalties for violations related to the Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses (Corporate Tax Law). The Cabinet Decision specifies...

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Business & Money | Sunday 30 July, 2023 8:55 am

AED 142 million worth TIR carnet transactions cleared by Dubai Customs

Dubai Customs supports the International Road Transport (TIR Carnet) system, the global customs transit procedure that enables goods to move under customs control from a country of origin, through transit countries, to a country of destination in secure sealed load compartments via a multilateral,...

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Business & Money | Sunday 30 July, 2023 8:54 am

TAM Development wins SAR 20.7 mln project from Ministry of Culture

TAM Development Co. received on July 27 a letter of award for a framework agreement to provide digital solutions and services for the Ministry of Culture at a total value of SAR 20.7 million, inclusive of VAT. Under the agreement, TAM will provide the necessary digital solutions to...

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Business & Money | Sunday 30 July, 2023 8:50 am

Dubai records real estate sales record during H1 2023

One of Dubai’s leading real estate agencies, Unique Properties, has observed an unprecedented surge in Dubai’s real estate sector, with a total of 60,440 sales transactions worth AED 177.3 billion being recorded during the first half of the year. The value of real estate sales recorded in...

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Business & Money | Saturday 29 July, 2023 2:10 am

solutions grants SAR 233 mln financing to subsidiary Giza Arabia

Arabian Internet and Communications Services Co. (solutions) announced today, July 27, granting SAR 233 million in financing to subsidiary Giza Arabia, located in Saudi Arabia, with no guarantees provided in return for the three-year loan, according to a Tadawul filing.   This...

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Business & Money | Saturday 29 July, 2023 2:05 am

Events Investment Fund acquires stake in Tahaluf

Saudi Arabia’s Events Investment Fund acquired a significant stake in Tahaluf, the Saudi event’s organizer company which is co-owned by Informa PLC and the Saudi Federation for Cyber Security, Programming and Drones (SAFCSP).   This investment forms part of the Events Fund's...

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Business & Money | Saturday 29 July, 2023 1:40 am

Emirati Human Resources Development Council organises Emirates 'Open Career Day' at Um Suqeim Majlis

The Emirati Human Resources Development Council (EHRDC), in collaboration with the Ministry of Human Resources and Emiratisation, NAFIS programme, the Dubai Community Development Authority and The Dubai College of Tourism (DCT), successfully organised an Open Career Day at Um Suqeim Majlis. This...

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Business & Money | Saturday 29 July, 2023 1:38 am

Emirates Stallions Group reports net profit of AED 597 million in H1 2023

Emirates Stallions Group, the Global investment, engineering, and construction solutions company and a subsidiary of International Holding Company (IHC), has announced a 831 percent Year-on-Year (YoY) surge in net profit for H1 2023.The company's net profits for first-half profit reached AED 597...

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Business & Money | Saturday 29 July, 2023 1:30 am

Black Cobra, OSTIM ink MoU to drive innovation in defence and aerospace sectors

Black Cobra Military Supplies (BCMS), a tactical gear manufacturer based in Abu Dhabi, and member of Emirates Defence Companies Council (EDCC) - and OSTIM Defense and Aerospace Cluster in Ankara (OSSA), Republic of Türkiye, have signed during International Defence Exhibition 2023 in Istanbul a...

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Business & Money | Saturday 29 July, 2023 1:27 am

Hadaf helped employ 201,000 Saudis in H1 2023

The Human Resources Development Fund (Hadaf) helped employ 201,000 Saudis in private establishments in the first half of 2023 through various initiatives, a rise of more than 14% from 150,000 Saudis in the year-earlier period.   Turki Al-Jawini, Director General of Hadaf, said that...

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