Author: Admin
Aldar Properties PJSC (Aldar), through its Aldar Investment business, has made its first investment in Ras Al Khaimah, acquiring the 27,000 sqm Al Hamra Mall developed by Al Hamra, a Ras Al Khaimah based real estate development and investment company, for a total consideration of AED410 million. The transaction adds further scale and diversification to Aldar Investment, which manages more than AED22 billion of income-generating residential, retail, commercial, hospitality and education assets.Aldar Investment plans to invest to reconfigure the mall, broaden its offerings, introduce more high-quality brands, and enhance the customer experience to drive sales and footfall growth. As part…
The Ministry of Finance has announced that the UAE will introduce a federal corporate tax on business profits that will be effective for financial years starting on or after 1st June 2023. Businesses will become subject to UAE corporate tax from the beginning of their first financial year that starts on or after 1st June 2023.The UAE corporate tax regime has been designed to incorporate best practices globally and minimize the compliance burden on businesses. Corporate tax will be payable on the profits of UAE businesses as reported in their financial statements prepared in accordance with internationally acceptable accounting standards,…
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, today met with Australia’s Governor-General General David Hurley at Expo 2020 Dubai. During the meeting, His Highness Sheikh Mohammed bin Rashid and David Hurley discussed ties between the UAE and Australia and ways of strengthening bilateral relations in the fields of culture, tourism, commerce and science. The meeting, attended by H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance, also discussed regional and international issues of common interest. It…
Manchester United ace Cristiano Ronaldo swapped the football pitch with Al Wasl Plaza, where he engaged in a Q&A session amid cheers of his huge Dubai fan base at Expo 2020 Dubai. The Portugal international spoke about his passion and journey that saw him become one of the world’s top footballers. He was all praise for Dubai, saying, “Dubai always brings something to the table, unique and different.” The 36-year-old was greeted by thousands of supporters who had turned out in their droves to catch a glimpse of the superstar at the ceremony. Ronaldo is reportedly spending the international…
Driving across the United States is a bucket list item for most Americans and many people have fond memories of doing just that in a Porsche. Today the nationwide Electrify America CCS DC fast charging network is ready to handle the charging needs for Taycan drivers to make new road trip memories of their own. To that end, Wayne Gerdes, already a multi-Guinness World Records™ title holder for efficiency and range in other vehicles, set out to make a unique memory for himself: break the Guinness World Records™ title for the shortest charging time to cross the United States in…
His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and Zuzana Čaputová, President of Slovakia, discussed bilateral ties between the two countries and ways of boosting them in all areas. They also talked about regional and international issues of mutual concern. Their discussion took place during their recent meeting in Al Shati Palace in Abu Dhabi.At the start of the meeting, His Highness Sheikh Mohamed bin Zayed welcomed Čaputová and conveyed her the greetings of President His Highness Sheikh Khalifa bin Zayed Al Nahyan and his best…
Southern California interior designer and popular lifestyle influencer Becki Owens has launched her home furnishings line, Becki Owens Living beckiowensliving.com. Owens created this custom collection of over 1000 pieces across 40 categories – from furniture to lighting to home décor – to curate her signature style for her followers and fans in one easily shoppable brand. Owens’ stardom in the design space began after she remodeled a friend’s San Clemente beach house in 2015 – and got picked up by Good Housekeeping. Today, Owens has 1.4 million Instagram followers, multiple signature collections with major brands, and an upcoming design show…
His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, today officially opened the Arab Health and Medlab Middle East Exhibition and Congress 2022, the largest gathering of healthcare and laboratory companies, technology and products in the MENA region. Held under the themes of ‘United by business, driving the industry forward’ and ‘Connect with innovation that’s changing the face of diagnostics’, the in-person events are expected to welcome more than 60,000 attendees during the four-day healthcare and laboratory showcases, which run at the Dubai World Trade Centre from 24th –…
The UAE Ministry of Defence announced on Monday that its air defence forces had intercepted and destroyed two ballistic missiles targeting the UAE, which were fired by the Houthi militia. The ministry confirmed that there were no casualties resulting from the attack, and added that the remnants of the intercepted and destroyed ballistic missiles fell harmlessly in different areas around Abu Dhabi.The Ministry of Defence also shared a video showing an F-16 destroying a ballistic missile launcher in Al Jawf in Yemen, immediately after it launched the two ballistic missiles at Abu Dhabi. In its statement, the ministry affirmed its…
Emirates has signed a Memorandum of Understanding (MoU) with the Ministry of Foreign Affairs and Public Service of The Bahamas to explore joint initiatives to promote tourism to the island nation. The Memorandum of Understanding was signed by H.H. Sheikh Ahmed bin Saeed Al Maktoum, Chief Executive of Emirates Airline and Group, and The Hon Frederick A Mitchell MP, Minister of Foreign Affairs and Public Service, The Bahamas at the Emirates Group Headquarters. H.H. Sheikh Ahmed bin Saeed Al Maktoum said, “Across the world, Emirates plays a key role in boosting tourism to various destinations by providing travelers with reliable, convenient…