business

Dubai Taxi Company launches 2025-2029 strategy to target untapped markets in UAE and beyond

The strategy entails expanding into limousine services and delivery while maintaining taxi market leadership

Dubai launches first-ever tax certification program in Arab world

This certification caters specifically to tax professionals employed by Dubai government entities

Oil prices steady at $73.22 and $69.19 amid holiday trading slowdown

Year-end profit-taking and portfolio rebalancing contributed to the lower trading volumes

Saudi Arabia’s non-oil exports rise by 12.7 percent in October

National non-oil exports, excluding re-exports, saw a rise of 5.1 percent

UAE tourism’s economic impact set to reach $64.2 billion in 2024

Contributing 12 percent to the country's gross domestic product

Saudi Arabia’s construction market to exceed $90 billion by 2029

Over $20 billion in projects are underway in Riyadh 

UAE’s MoHRE calls on private sector to meet 2024 Emiratization targets by December 31

Organizations with 50 or more employees must achieve a 2 percent increase in Emiratization of skilled roles by year-end

Sheikh Hamdan forms interim steering committee to oversee transfer of commercial control operations in Dubai

The committee will be entrusted with approving timelines and streamlining operations for enhanced efficiency

Crude oil prices rise 0.2 percent on new China stimulus, U.S. inventory declines

Brent oil futures increased by 0.2 percent, reaching $73.71 a barrel

UAE Ministry of Finance announces key amendments to tax regulations effective January 2025

The modifications introduce various administrative reliefs and clarifications for businesses that establish Tax Groups.

Abu Dhabi’s Mubadala acquires 80 percent stake in Global Medical Supply Chain, Al Ittihad Drug

Strategic acquisition enhances Mubadala's footprint in the healthcare logistics and pharmaceutical distribution sectors

UAE-Croatia bilateral trade surges to $78.9 million in H1 2024, up 44.8 percent

UAE non-oil trade with Croatia reaches $110.7 million in 2023