No VAT on air travel, school fees comes as relief for UAE residents

Here is good news for the UAE residents: There will no value-added tax (VAT) on air travel, tuition fees and doctor’s fees. The President, His Highness Sheikh Khalifa bin Zayed Al Nahyan, on Sunday issued Federal Decree-Law No 8 on value-added tax with one of the lowest rates in the world. The UAE will implement […]

RTA awards $102 million road contract

The Board of Executive Directors of Roads and Transport Authority, RTA, chaired by Mattar Al Tayer, Director-General and Chairman of the Board of Executive Directors of RTA, has awarded AED375 million contract for the construction of tunnels and roads leading to the Jewel of the Creek Project. The awarding of the contract was coordinated with the Dubai […]

UAE expats spend Dh6,000 per year on sending money home: Report

Why is the average annual spend by expatriates on money remittance relatively high in the UAE despite the country having one of the lowest money transfer fee rates in the world? According to global financial planning firm Guardian Wealth Management, an expatriate in the UAE – the fourth top remittance-sending country in the world – […]

2 UAE firms among DIFC's 11 fintech start-ups

The Dubai International Financial Centre (DIFC) on Monday announced 11 finalists as part of its inaugural FinTech Hive accelerator programme which features two UAE companies and nine from other parts of the world. Among the short-listed financial technology start-ups include UAE-based Birdg which introduced a custom-built communication technology that allows smart phones to send and […]

Understanding real estate ROI

The regional real estate investment markets have undergone significant change in the preceding decade and it is widely regarded that the commercial market, in particular in Dubai, is now an established investment destination with an increasing amount of activity among private investors, investment funds and institutions. When we consider the returns of real estate investments, […]

New job openings for Expo 2020 in Dubai

In about three years, Dubai will begin hosting the World Expo 2020, but before the six-month event can kick off, a lot of jobs have to be filled first. Over the last few months, a number of vacancies for the mega event had already opened up, with new job postings being added every now and […]

Why Dubai is a hot-spot for property investors

Properties in Dubai provide among the world’s best investor returns in terms of appreciation and rent. From its beginnings as a fishing and pearling port, Dubai has morphed into a glittering global marvel today. It has defied the norms and defined the extraordinary to captivate the world. Glamour and grandeur have now been synonymous with […]