Friday 19 October 2018
 
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UAE

UAE's foreign currency assets in September hit $89.6bn

The total foreign currency assets held by the Central Bank of the UAE stood at Dh329.3 billion ($89.6 billion) against Dh326 billion ($88.7 billon) in early 2018, as current account balances and deposits with foreign banks strengthened to Dh25

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25pc of world's top firms have base in UAE

More than 25 per cent of the world's 500 largest companies have the UAE as the regional base of their operations in the Middle East and North Africa, says a report.   This data is a new sign attesting to the

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UAE to set new residency visa rules from Sunday

UAE’s Federal Authority for Identity and Citizenship (ICA) will begin implementing various decisions on the extension of visas to nationals and granting of entry permits to visitors from October 21, a media report said. Brig

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Deyaar's revenue for nine months hits $121m

Deyaar, a leading property developer in Dubai, UAE, has registered a revenue of Dh446 million ($121 million) for the first nine months when compared to Dh511.9 million ($139 million) for the same period last year. Announcing the r

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India's HPCL appoints Ghassan Aboud as distributor

UAE-based multi-business conglomerate Ghassan Aboud Group was appointed as a distributor for export markets by Indian public sector petroleum giant Hindustan Petroleum Corporation Limited (HPCL) through its 100 per cent subsidiary in the UAE, HP

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India's HPCL appoints Ghassan Aboud as distributor

UAE-based multi-business conglomerate Ghassan Aboud Group was appointed as a distributor for export markets by Indian public sector petroleum giant Hindustan Petroleum Corporation Limited (HPCL) through its 100 per cent subsidiary in the UAE, HP

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UAE launches free Arabic e-learning platform

The UAE has launched ‘Madrasa’, the largest free e-learning platform in the Arab world, a revolutionary new project under the umbrella of the Mohammed Bin Rashid Al Maktoum Global Initiatives (MBRGI). Launched by Sheik

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Danfoss seminar puts spotlight on VFD challenges

Danfoss, a provider of heating, ventilation, air-conditioning and refrigeration (HVACR) solutions, recently organised a seminar in the UAE and Saudi Arabia to discuss harmonics, energy efficiency and the challenges and trends in variable frequen

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Danfoss seminar puts spotlight on VFD challenges

Danfoss, a provider of heating, ventilation, air-conditioning and refrigeration (HVACR) solutions, recently organised a seminar in the UAE and Saudi Arabia to discuss harmonics, energy efficiency and the challenges and trends in variable frequen

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UAE clarifies tax for 'compensation-type payments'

UAE’s Federal Tax Authority (FTA) has issued a public clarification regarding tax treatment of compensation-type payments, noting that value added tax (VAT) is imposed on supplies of goods and services and if any payment does not relate to

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