Alshaya acquires stake in Noon, the region’s new e-commerce platform

Wednesday, 20 September 2017

Leading international retail franchise operator M.H. Alshaya Co. has acquired a strategic stake in Noon, the region’s new e-commerce platform. As new investors in Noon, Alshaya joins forces with other prominent Gulf investors. Additionally, Alshaya will become a seller on Noon’s marketplace platform, listing a portfolio of international brands covering the fashion, health & beauty and home & lifestyle categories. Alshaya becomes the latest large retailer to list its products ...

Dubai introduces world’s first smart police station

Tuesday, 19 September 2017

The world’s first Smart police station, launched by Dubai Police this week, will be in every neighborhood in the emirate according to a senior officer. “We plan to open up a Smart Station in every neighborhood and we are in discussions with developers in Dubai to achieve that,” the general director of smart services at Dubai Police, Brig Khalid Al Razooqi, told Al Arabiya English. The aim, he said, is to open up police services to a larger portion of the public in the ...

Saudi, Chinese firms bag contract for final phase of Dubai solar park

Saturday, 16 September 2017

Dubai on Saturday announced the award of a $3.8-billion contract for the final phase of a solar park aimed at generating 5,000 megawatts of electricity by 2030. The local government said the contract for the fourth and final phase went to Chinese conglomerate Shanghai Electric and ACWA Power of Saudi Arabia. The solar park named after Dubai’s ruler, Sheikh Mohammed bin Rashed Al-Maktoum, went online in 2013 and the final phase is to be launched in stages from 2020, bringing the overall ...

WATCH: Dubai ruler attends unusual marriage contract ceremony

Saturday, 9 September 2017

UAE Prime Minister and Dubai Ruler Sheikh Mohammed bin Rashid Al Maktoum, shared a video on Twitter which showed him attending a rather unusual Islamic marriage contract ceremony between two members of his team. The groom, Omar al-Ulama, and the bride Amal bin Shabib, work for the Dubai Ruler’s office. What was unusual was the presence of a robot who helped mediate between a judge from Dubai courts, the new couple and the couple’s family.  

Why Shahrukh Khan’s Dubai villa cannot be taxed in India

Thursday, 24 August 2017

A Dubai-villa gifted to Bollywood star Shahrukh Khan was a topic of controversy among India’s income-tax appellate tribunal (ITAT) department. The villa in question was assumed to be gifted with the intention of evading income tax. However, a recent report in the Times of India, has revealed that ITAT had dismissed such assumptions. It also determined that the villa’s value cannot be treated as the actor’s taxable income. Dubai-based Nakheel PJSC gifted the villa to Khan under ...

Dubai Civil Defense puts out fire at Jumeirah construction site

Sunday, 20 August 2017

Dubai Civil Defense have put out a small fire that erupted at a construction site with no injuries reported so far, Dubai Media Office said on their official Twitter account. The adjoining Jumeirah St. road next to the construction site was partially cordoned off for on Sunday traffic has been diverted as firefighters worked to put out the blaze. The fire on Sunday comes just weeks after a fire ripped through one of the world’s tallest residential towers – popularly known as The ...

Dubai ruler tweets secrets to success of the UAE

Friday, 18 August 2017

UAE Vice President, Prime Minister and Ruler of Dubai Sheikh Mohammed bin Rashid Al Maktoum tweeted, on Friday, that the key to the success of the UAE is that, “we have reduced talking and increased work, transformed knowledge into actions and science into deeds.” “Many ask me about the secret of the success of Dubai and the UAE, I tell them there are no secrets, and we have no extra knowledge or a scientific conclusion no one has acquired before,” he said. Sheikh ...

Update on how the giant Dubai Creek Tower is shaping up

Wednesday, 16 August 2017

Announced in October of last year, Dubai Creek Tower, is now among the UAE’s skyscraper giants, despite not having its exterior skeleton ready yet. The company in charge of building the tower, Emaar, released new aerial photographs resembling the tower’s blue print. The pictures also show the workers finalizing the tower’s foundations. Dubai Creek Tower is situated in Dubai’s Creek Harbor, which is spread over an area of 3.7 sq. km. This area allows the structure to ...

Details emerge on when UAE expects to issue tax laws

Tuesday, 15 August 2017

United Arab Emirates expects to issue laws on value-added tax and excise tax in the third quarter of this year, and to issue regulations covering implementation of those laws in the fourth quarter, a senior UAE official said on Tuesday. Khalid Ali al-Bustani, director-general of the UAE's Federal Tax Authority, was briefing reporters before the country introduces some of the biggest changes to its tax system in decades. READ ALSO: 5 key points of the new UAE ...

Dubai’s Emaar Properties posts 14 percent rise in second-quarter profit

Monday, 14 August 2017

Dubai’s Emaar Properties, which is planning a partial listing of its UAE development operation, reported a 14.4 percent increase in second-quarter profit on Monday. Emaar, in which Dubai’s government owns a minority stake, made $394.8 million (1.45 billion dirham) of profit attributable to the owners of the company for the three months to June 30, it said in a bourse filing, on revenue that rose 1.9 percent to $103 million. The profit, up from $345.7 million a year earlier, beat a ...

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