MoF issues Ministerial decisions related to corporate tax Photo WAM

UAE corporate tax: MoF issues 3 new ministerial decisions

According to the ministry, the three new decisions aim to enhance the flexibility of UAE’s corporate tax regime and ensure a supportive business environment for all sectors

International Space Station receives Saudi astronauts after their maiden space flight. Image Credit: NASA TV

Rayyanah Barnawi, Ali Al Qarni’s first day at the International Space Station

The Axiom 2 mission brings together three Arab astronauts on board the ISS for the first time in history

The aircraft, 9H-FIVE, pronounced Nine-Hotel FIVE, will be based in Dubai (Image: Supplied by FIVE Hotels and Resorts)

Dubai’s FIVE Hotels introduces private jet charter service

The ACJ TwoTwenty aircraft, 9H-FIVE, will be based in Dubai and has an approximate flying range of 12 hours

WhatsApp

Say goodbye to typos: WhatsApp launches edit message feature

The edit history will not be displayed, ensuring that the original content remains private

Seychelles (Image: Sourced from Qatar Airways Newsroom)

Qatar Airways signs codeshare with Air Seychelles

Qatar Airways will place its code on Air Seychelles’ operated flights between Mahé and Praslin

Rajasthan Royals

Saudi’s NEOM partners with India’s Rajasthan Royals for first ever cricket programme

The pilot programme aims to facilitate an active and healthy lifestyle within the growing workforce, forecast to reach 60,000 people by the end of the year

DP World starts freight service Photo courtesy WAM

DP World launches new freighter service between UAE-Iraq

The service takes approximately 36 hours to travel between Jebel Ali Port in the UAE and Umm Qasr Port in southern Iraq

Azulik AlUla resort image courtesy RCU

Saudi Arabia’s RCU to open AZULIK AlUla, a new eco-luxury resort

The eco-luxury resort, which will feature 76 villas, is scheduled to be launched by 2027

ADNOC L&S IPO

ADNOC raises size of its logistics unit IPO on heavy demand

The maritime logistics firm expects the final offer price to be announced on May 26, after the book-building process

Mall of the emirates 3 day super sale is back phot courtesy: Mall of the Emirates Majid al futtaim

Dubai’s 3 Day Super Sale is back, with discounts up to 90% up for grabs

The three-day super sale (3DSS) will run from May 26 to 28

NEOM

NEOM Green Hydrogen Company closes $8.4bn deal for production facility

The green hydrogen production plant is currently being built at Oxagon in Saudi Arabia’s NEOM region

Mubadala Manipal Hospitals talks

Fortress Management, Mubadala to acquire Fortress Investment Group

The transaction is expected to close in the first quarter of 2024, subject to regulatory approvals

Jio Blackrock

What does India’s decision to withdraw INR2000 currency note mean?

The 2000-rupee note will remain legal tender, but citizens have been notified to deposit or exchange these notes

Huawei cybersecurity

Huawei joins industry leaders in Baku to address cybersecurity challenges

Top cybersecurity experts from the Middle East and Central Asia convene at an exclusive roundtable alongside GSMA M360 EURASIA 2023 Conference

TAQA, Uzbekistan power generation

TAQA to explore investments worth $3bn in Uzbekistan’s energy sector

The investment opportunities include new and existing power plants as well as associated power infrastructure with a combined value of more than $3bn

Minor Hotels signs agreement with Saudi's Tourism Development Fund (Image: Supplied by Minor Hotels)

Minor partners with Saudi’s Tourism Development Fund

Multiple properties from brands including Anantara, Avani, Tivoli and Oaks will open across different regions within the kingdom

Apple and Samsung

Apple, Samsung looking to expand in India, minister says

The South Asian nation is seeking to expand its early success in smartphones to other product categories

Tam Development founder and CEO

Saudi’s TAM Development opens IPO subscription on Nomu-Parallel Market

The price range has been set between SAR100 and SAR130 per share, with 85,600 shares on offer representing 16 per cent of company’s share capital 

M&A and Corporate Tax insights

Navigating M&A transactions, restructurings in the face of UAE’s corporate tax 

Buyers will need to evaluate the tax status of the target company or target assets and consider whether any restructuring is required to optimise tax efficiency

Saudi astronauts head to International Space Station. Image Credit: UAE Space Station

Saudi astronauts embark on landmark space mission: Watch liftoff

Saudi Arabia’s historic mission signifies the nation’s commitment to advancing space exploration under the ambit of the Vision 2030 national agenda

ACWA Power Riyadh Headquarters Office

ACWA Power, PIF unit jointly invest $3.25bn in three solar projects

The new solar projects, which will be jointly owned with ACWA and PIF’s Badeel, will have a combined production capacity of 4.55 GWac

UBF

UAE Banks Federation confirms 100% spike in use of digital banking channels

According to a survey conducted by UAE Banks Federation, the county ranked second globally in terms of customer confidence in banks at 84 per cent in 2022

Why upskilling is the antidote to the ‘AI skills gap’ ailment

Some businesses are abandoning arduous recruitment drives that seek out the unrealistic combo package of AI and business skills in a single candidate

the Artura

McLaren raises the ‘supercar’ bar with the Artura

From its all-new carbon fibre lightweight architecture and high-performance hybrid powertrain to its beautiful design and impressive interior – the McLaren Artura aims to impress

Alan

Alan’s corner: The tipping point

A strategic offering of in-store and online shopping experiences can help retailers stay relevant in current times

Corporate tax prep for SMEs Lorenzo Jooris Image credit Creative Zone

Is your SME ready for the corporate tax regime?

Here’s how to ensure your SME is set to deal with the advent of UAE’s corporate tax from June

Empower adds DXB to its portfolio

Empower adds Dubai International Airport to its district cooling portfolio

The total capacity of the plants is equivalent to 11 times the consumption of the world’s tallest tower, the Burj Khalifa

Etihad rail Arsenale sign Mou for luxury train cruise

Etihad Rail, Arsenale to bring luxury train cruise to UAE, GCC

The luxury train will travel through the UAE towards the border with Oman, passing through Mezeira’a, and the Liwa Desert and its oasis

State of AI adoption for enterprise IT management in the Middle East

Businesses in the region are readily investing in AI-driven solutions to unlock productivity, gain competitive advantage, and meet evolving customer needs

Mubadala has invested in clean energy FY 2022 financial highlights

Abu Dhabi’s Mubadala outperforms global benchmarks in 2022

The company deployed Dhs107bn in industries such as life sciences, renewable energy and digital infrastructure