Business

As part of its ongoing efforts to enhance tax transparency and improve the business environment in the UAE, the Ministry of Finance has announced the issuance of a Cabinet Decision regarding the tax treatment of unincorporated partnerships.

Real estate transactions across five emirates in the UAE surged to over AED239 billion in the first quarter of 2025, underpinned by investor confidence, flexible regulations, and expanding project pipelines, official data showed.

Europe’s largest inaugural tech, startup and digital investment event, GITEX EUROPE x Ai Everything, was held at Messe Berlin this week, with the UAE’s innovation taking centre stage.

The UAE has emphasised its commitment to global trade cooperation and economic partnership at the 15th BRICS Trade Ministers Meeting in Brasília, Brazil.

The fourth edition of 'Make it in the Emirates' concluded in Abu Dhabi after a successful four-day run, announcing new industrial projects valued at over AED 11 billion.

In a historic step forward for artificial intelligence and international collaboration, G42, OpenAI, Oracle, NVIDIA, SoftBank Group and Cisco today announced their partnership to build Stargate UAE.

Flydubai is set to resume direct flights to Damascus from June 1, becoming the first carrier from the UAE to restart services to Syria.

The first-ever GITEX Europe, organised by the Dubai World Trade Centre, has officially opened in Berlin.

Dubai Holding has announced the successful completion of the book building and subscription process for the initial public offering of Dubai Residential REIT on the Dubai Financial Market.

Etihad Airways' first-quarter profit for 2025 jumped 30 per cent to AED 685 million ($186.52 million), it said on Wednesday, citing strong demand and improved operational efficiency.

Public employees in Dubai who report financial or administrative violations will be legally protected under a new initiative to strengthen financial oversight and protect whistleblowers.

The UAE Ministry of Industry and Advanced Technology has secured over AED 40 billion in financing to boost the country’s industrial sector, following the signing of five major agreements with leading national banks.

Dubai Holding will raise the size of residential REIT’s Initial Public Offering (IPO) to 15 per cent of issued unit capital, up from the previously announced 12.5 per cent.

Dubai is launching a PropTech Hub to drive innovation in the real estate sector and more than double the value of the emirate's property technology market to over AED 4.5 billion in five years.

'Make it in the Emirates' is back, spotlighting the UAE’s push to lead in advanced industries and smart manufacturing.

Britain agreed the most significant reset of ties with the European Union since Brexit on Monday, removing some trade barriers and collaborating on defence to help grow its economy and boost security on the continent.

The Dubai Department of Economy and Tourism (DET) will showcase the city's dynamic manufacturing sector at 'Make it in the Emirates', scheduled to be held from May 19 to 22 at ADNEC Centre Abu Dhabi.

The UAE, represented by the Ministry of Energy and Infrastructure (MoEI), has participated in the BRICS Transport Ministers’ meeting held in Brasília, the capital of Brazil.

Moody's downgraded the US sovereign credit rating on Friday due to concerns about the nation's growing $36 trillion debt pile, in a move that could complicate President Donald Trump's efforts to cut taxes and send ripples through global markets.

US President Donald Trump said on Friday the UAE and the US have agreed to create a path for the Emirates to buy some of the most advanced artificial intelligence semiconductors from American companies.

US President Donald Trump's visit to the UAE underscores the shared commitment to build on long-term economic relations and explore new opportunities for collaboration.

The UAE and Turkmenistan have strengthened energy cooperation with two agreements on gas production and export.

A major economic milestone takes effect on Thursday, as the UAE–Jordan Comprehensive Economic Partnership Agreement, or CEPA, officially comes into force.

Dubai has launched the 'Barwa' programme to empower Emirati senior citizens and People of Determination to manage their real estate assets independently and with ease.

Dubai’s toll gate operator Salik has reported strong first-quarter results for 2025, with total revenue jumping nearly 34 per cent year-on-year to AED 751.6 million.

Dubai Holding is seeking to raise up to AED 1.79 billion ($487 million) through the Initial Public Offer (IPO) of its residential real estate investment trust (REIT).

Global shares rallied, while gold and safe-haven currencies slumped against a resurgent dollar on Monday as the US and China agreed to temporarily slash harsh reciprocal tariffs and cooperate.

Dubai's Department of Finance has signed an agreement with global cryptocurrency trading platform Crypto.com to enable the payment of government service fees using cryptocurrency.

Dubai has climbed eight spots to rank 4th globally in the IMD Smart City Index 2025 — a major milestone in its digital transformation journey.

A nationwide campaign has been launched under the 'Make it in the Emirates' platform to boost the visibility and sales of UAE-made products across major retail and e-commerce channels.

US President Donald Trump and British Prime Minister Keir Starmer on Thursday announced a limited bilateral trade agreement that leaves in place Trump's 10 per cent tariffs on British exports and lowers prohibitive US duties on British car exports.

A new urban development is set to reshape Dubai’s skyline.

Dubai's Emirates Airline has announced a 22-week salary bonus for its employees to mark its best annual profits in its history, becoming the world’s most profitable airline.

The Emirates Group has achieved record profit of AED 22.7 billion for 2024-25, with Emirates reporting the best result in its history to become the world’s most profitable airline.

UAE foreign trade reached a surplus of over AED 490 billion, with the Ministry of Economy’s Foreign Trade team and the Comprehensive Economic Partnership Agreements (CEPA) negotiators team recognised for their contributions.

The Airport Show has officially opened in Dubai, reaffirming the city’s role as a global hub for innovation in air travel and airport infrastructure.

Britain and India clinched a long-coveted free trade pact on Tuesday after tariff turmoil sparked by US President Donald Trump forced the two sides to hasten efforts to increase their trade in key sectors.

Dubai Chamber of Commerce has reported strong growth across multiple fronts in the first quarter of 2025, reflecting Dubai’s rising status as a global business hub.

Elon Musk plans to proceed with his highly-watched lawsuit against OpenAI, his lawyer Marc Toberoff said, hours after the AI startup dialed back its earlier plan to remove control by its non-profit arm.

For the third year in a row, Dubai has been ranked as the top global destination for attracting Greenfield FDI projects in cultural and creative industries, as per the Financial Times’ ‘fDi Markets’ report, covering 233 cities.

Dubai Holding is preparing an initial public offering (IPO) of its residential real-estate investment trust (REIT) on the Dubai Financial Market (DFM).

Dubai’s viral pistachio-filled chocolate bars are driving up revenue at Dubai Duty Free, accounting for 4 per cent of the total business in April.

ADNOC Gas plc and its subsidiaries has announced net income of $1.27 billion and EBITDA of $2.16 billion for the first quarter of 2025, exceeding the equivalent quarter in 2024 by 7 per cent and 4 per cent respectively.

Dubai's Roads and Transport Authority (RTA) has collected AED 4.42 billion in digital revenue in 2024, marking a 16 per cent growth compared to the previous year.

Eight OPEC+ countries meeting on Saturday have agreed to a further accelerated oil output hike for June of 411,000 barrels per day, two sources told Reuters while an online meeting of the countries was under way.

Expo 2020 Dubai has reaffirmed its commitment to gender equality and women’s empowerment.

Expo 2020 Dubai and the United Nations Global Compact are joining forces to hold a Sustainable Development Goals Business Forum.

More than 2,500 online travel agents, tour operators, hotel groups and airlines have signed on as Authorised Ticket Resellers (ATRs) for Expo 2020 Dubai.

A spectacular line-up of sights, sounds and tastes await visitors at Expo 2020 Dubai, through a series of specially curated itineraries.

Apple on Tuesday launched the iPhone 12 with faster 5G connectivity, which the company hopes will spur a wave of upgrades and keep its sales booming through the end of the year.