Author: Dubai News Staff
A Domestic Minimum Top-up Tax (DMTT) will take effect in the UAE from 1st January, 2025 in that country’s embrace of the OECD’s international taxation system. The initiative is in par with the UAE’s policy regimes that support reasonable taxation for a favourable business environment besides stimulating innovation and economic development. The DMTT will relate to MNEs with total operations in the UAE and global revenues of €750 million ($794 million) or over in at least two of the previous four financial years. It requires those companies to pay a minimum of 15% corporate tax on solid profits in every…
The approach to when Dubai would be one of the most pedestrian-friendly cities globally is slowly becoming a reality. Vice President and Prime Minister of UAE and the Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum announced the Dubai Walks project on Saturday, which will consist of a comprehensive 6,500km pedestrian system in 160 areas of Dubai. The plan is to create additional 3,300 km of sidewalks and reconstruct 2,300 km of paths during 2015–2040, with the next 900 km of walks envisioned beyond 2040. It wants to join the most magnificent landmarks of Dubai while encouraging…
Self-driving robot taxi is now rolling in Abu Dhabi after an official launch on Uber and WeRide. People can now use Uber’s self-driving technology to order trips in specific zones, such as Saadiyat Island, Yas Island, and trips to and from Zayed International Airport. This remarkable undertaking is observed by Sheikh Hamdan bin Mohamed bin Zayed Al Nahyan, the deputy head of the Presidential Court for special affairs, Undoubtedly, it is yet another proof that smart mobility is in the focus of Abu Dhabi’s further development, where artificial intelligence has been successfully integrated into key industries. How It Works The…
The Golden Vendor List is a rebranding and an expansion of the Abu Dhabi Local Content Program begun in 2013, that seeks to develop a sustainable and competitive local supplier base, and a robust local industry in Abu Dhabi. This new list has been developed by the Abu Dhabi Department of Economic Development (ADDED) in conjunction with the Abu Dhabi Department of Government Enablement (ADDGE); this now extends the successes of the Abu Dhabi Golden List across 145 sectors and now caters for 74% of the government procured products. That’s because Golden Vendor List financial software key features may include;…
Ramadan which is one of the holiest of months for Muslims all over the world is to begin in two and half months time. UAE astronomer Dr Ibrahim Al Jarwan, the chairman of the Emirates Astronomy Society explained that Ramadan 2025 will start on Saturday, 1 March 2025. Al Jarwan said that the crescent marking the beginning of the fast and prayer of Ramadan will be ‘born’ on the Friday 28th Feb 2025. Countdown to Ramadan Islamic calendar is a lunar calendar and the current Islamic month of Jumada Al Thani which started on December 1, 2024 create the backdrop…
High school students in Dubai aged 16–18 now have the chance to unleash their creativity and make a real impact on the environment with the Green Genius Challenge: Eco-Appliance Edition. Sponsored by the University of Europe for Applied Sciences in Dubai and BSH Home Appliances Middle East, students are challenged to invent sustainable modifications for ordinary house appliances in this contest, where they can win great rewards. This section of the website shall answer questions such as what is the Green Genius Challenge? The problem suggests redesigning home appliances such as refrigerators, dish washers, washing machines with improved outlook on…
The UAE Lottery has set out plans for its first major draw taking place in Saturday December 14 which will have an initial pool of AED100m ($27.2m). As per the federal license, this lottery is conducted by The Game LLC that is licensed under the General Commercial Gaming Regulatory Authority (GCGRA), giving a thrilling chance to all the inhabitants of UAE, and above 18 years of age to participate. UAE Lottery: How to Join In? Currently a ticket goes for AED50 ($ 13.60) and they can be bought online on the official UAE Lottery website. A player has to…
More than one million workers across the UAE participated in the celebration of the country’s 53rd Eid Al Etihad with the theme “The happiness of workers in the celebration of the union.” The MoHRE led the two-day celebrations, with support from other governmental organizations, companies, and non-profit organizations to prove the UAE’s support for establishing sustainable happiness for the workforce. Bright Activity and Lively Gifts The celebrations that took place across the country included entertainment, other competitions and fun and fabulous prizes such as a car that was raffled. Supporting sponsors include Aldar Properties and Insurance Pool while the…
The world Bitcoin revolution now shifts to UAE as the Bitcoin MENA Conference beefs up the ADNEC Centre on December 9 to 10, 2024. Hosting incredible and outrageous events, not to mention popular stars, it’s not just a conference, it is an innovation of financial history. Why Abu Dhabi? Middle Eastern power Abu Dhabi is already gearing up to become one of the world’s biggest Bitcoin hubs thanks to its oil-wealth funded modern economy, abundant energy sources, and excessively technologically progressive mindset. Called the ‘new gold rush,’ blockchain and Bitcoin are well on their way to becoming the narrative…
This coming December 2024, a good piece of information for car drivers in the UAE: the price of petrol has been lowered. The UAE Fuel Price Committee has stated that Super 98 of the previous month at AED 2.74 per litre will reduce to AED 2.61 in December. Likewise, Special 95 will be now selling at AED 2.50/litre as against AED 2.63/litre in the last month. Fuel prices and Related component costs: average pump prices for regular diesel: gasoline prices and related components adjusts slightly upward Petrol continues on a falling trend but diesel will just rise slightly in December…