News
-
30.09.2008
Liquidity concerns could force UAE banks to merge
... Speculation intensified on Monday that Abu Dhabi`s leading banks would face the first forced merger in the Gulf region due to the credit crisis as liquidity in the region tightened. Shares in Abu Dhabi Commercial Bank (ADCB) soared for the second da ... -
18.09.2008
Real Estate Investments in the UAE for foreigners
... Real Estate Investments in the UAE for foreigners - kindly see the Enclosure. ... -
14.09.2008
Abu Dhabi stresses private sector
... The government of Abu Dhabi is seeking to increase the private sector`s contribution to the emirate`s gross domestic product (GDP) to 32 per cent by 2015. The sector`s output has increased from 15.5 per cent of the GDP in 2005 to 18.2 per cent in 20 ... -
09.09.2008
Dubai to scale new commercial heights
... Dubai, a city of tall towers and even taller ambitions, could soon become the most expensive commercial real estate location in the world. Recent reports already place the emirate sixth on a list of the world`s costliest office space cities behind c ... -
07.09.2008
UAE`s ICT sector to hit Dh8.8b by 2011
... The opportunities available in the UAE`s Information and Communications Technology (ICT) industry are growing quickly. The value of the local market is expected to reach $2.4 billion (Dh8.8 billion) by 2011 from $1.5 billion (Dh5.50 billion) in 2006 ... -
03.09.2008
Al Maktoum airport to open terminal next year
... A temporary terminal with a capacity of up to seven million passengers per year will be ready at Al Maktoum International Airport (JBX) in Jebel Ali in the 3.quarter of 2009, relieving pressure on the busy Dubai International Airport (DBX). The new ... -
01.09.2008
No value-added tax in UAE until 2010
... The UAE will not introduce a value-added tax until at least 2010 (in June media reported it will be implemented in early 2009). Replacing import tariffs with VAT will involve the creation of a "huge infrastructure" and may not be possible unless all ... -
18.06.2008
Inflation in UAE
... Inflation in the UAE is estimated at 12% while the rate in Abu Dhabi increased from 10,7% in December last year to 11,5% at the end of March. Inflation in Dubai is more than one year above 14%. These values are a 20-year high as Ministry of Economy ... -
15.06.2008
VAT rate in the UAE is to be set at 3%
... Dubai Customs has recommended a rate of three per cent for the value added tax (VAT) the UAE would introduce next year as part of a Gulf initiative. A final decision on the rate and timing of VAT`s implementation will be taken by the federal governm ...
News Archive: