The UAE has released its fuel prices for May, following a continued decline in rates from March after an increase in February. Starting May 1, Super 98 petrol will be priced at Dh2.58 per litre (up from Dh2.57 in April), Special 95 at Dh2.47 (up from Dh2.46), and E-Plus 91 at Dh2.39 (up from Dh2.38). […]
UAE petrol, diesel prices for May 2025 announced Read More »
Dubai Police has unveiled a new addition to its tourist patrol fleet – a majestic Rolls-Royce that is turning heads and stealing the spotlight at the Arabian Travel Market 2025. Source: Gulf News
‘Most expensive’ Rolls Royce joins Dubai Police’s tourist patrol fleet Read More »
UAE-based tech and telecom company e& grew its total subscriber base by 12.9%, reaching 194.8 million users, reflecting strong ongoing expansion in its international markets. Source: Gulf News
UAE’s e& rings up 129.9% profit growth in Q1-2025 Read More »
Borouge, the ADNOC-backed petrochemicals firm, reported a net profit of $281 million in Q1 2025, slightly up from $273 million in Q1 2024 but down from $331 million in Q4 2024. Despite ongoing corporate restructuring, the company maintained a steady 20% profit margin over the past two quarters. Source: Gulf News
ADNOC venture Borouge nets $281m in Q1-2025 profit Read More »
Saudi shoppers continue to buy gold jewellery actively, even as global buyers pull back due to record-high prices, with gold recently peaking at $3,500 an ounce before settling at $3,313. Source: Gulf News
Saudi Arabia’s shoppers were picking more gold jewellery even rest of the world did not Read More »
A financial firm supported by former U.S. President Donald Trump has partnered with the Pakistan Crypto Council to promote blockchain technology adoption. The collaboration focuses on areas such as regulatory frameworks, tokenization of real-world assets, and expanding the use of stablecoins for remittances and trade.
The UAE’s cryptocurrency sector is experiencing significant growth, bolstered by clear regulations and strategic partnerships with major global players like Ripple, Crypto.com, and Binance. This favorable environment positions the country as a leading hub for digital asset innovation and investment.
UAE’s Crypto Ecosystem Thrives Amid Regulatory Clarity and Key Partnerships Read More »
The UAE has issued new guidelines detailing when foreign and non-resident investors are considered to have a taxable presence in the country concerning real estate and investment funds. These rules aim to provide clarity and ensure compliance with the nation’s tax regulations.
UAE Clarifies Tax Obligations for Foreign Investors in Real Estate and Funds Read More »
Analysts forecast a 5.2% growth in the UAE’s non-oil sectors for 2025, driven by robust performances in real estate, tourism, and finance. This expansion reflects the country’s successful economic diversification efforts and strategic investments in various industries.
UAE’s Non-Oil Economy Projected to Grow by 5.2% in 2025 Read More »
The UAE Ministry of Finance has announced that it will waive penalties for companies that missed the deadline to register for corporate tax. This initiative aims to encourage compliance and support businesses during the transition to the new tax system. The ministry emphasized the importance of timely registration to avoid future fines.