The recent announcements by the UAE Central Bank, introducing packages aimed at stimulating the economy, will benefit the real estate sector significantly, according to Abdulla bin Sulayem, CEO of UAE-headquartered upscale residential, hospitality and commercial property development company, Seven Tides. In total, the central bank has now pledged AED 256 billion to stimulate the economy
“Everything started from Umm Ghaffa, my village. It was where I first observed the skies & stars, created memories that will forever be imprinted in my mind. It was also the place where the late Sheikh Zayed, envisioned the transformation of the UAE into an oasis of life.”
Dubai resident Mohammed Khalid was declared the winner of the AED 350,000 cash prize in Emirates Loto’s inaugural draw last weekend, being the only collectible buyer to match five out of six numbers in the draw, but still earning him his big cash winnings. A telecommunications engineer who moved from his native India to Dubai
With today’s situation encouraging people across the UAE to stay at home more, everyday tasks are now limited to smartphones and other electronic gadgets. Be it to facilitate working from home, having video chats with friends and family or even online shopping, the smartphone now plays a bigger role than before. However, just because people
The Emirates Integrated Telecommunications Company PJSC (du) secured revenues of AED2.99 billion for Q1-2020, reporting AED355 million in net profit for the same period. In a statement today, the DFM-listed telecom operator said its subscriber base saw gains of AED640 million in the fixed segment during the first three months of the year, a growth
Fees of 94 electronic services have been reduced by the Ministry of Economy according to the Cabinet Resolution no. 20 of 2020. The Ministry today published on its website a list of these services whose fees have been reduced by 17 percent to 98 percent. The reduced fees covered a wide scope of activities, including,
In light of its commitment to supporting VAT registrants and the unprecedented intensive precautionary measures undertaken by the UAE to curb the spread of the novel Coronavirus (COVID-19) imposing 24-hour restrictions on the movement of individuals and vehicles implemented in certain areas of the UAE, which coincided with deadlines for filing VAT Returns, the Federal
