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Oman to Introduce Personal Income Tax in 2025, Setting a Precedent in the GCC

Muscat, Oman – In a significant move set to reshape the economic landscape of the Gulf Cooperation Council (GCC) region, Oman is poised to introduce a personal income tax (PIT)…

UAE Cyber Security Council Urges Immediate Update of Microsoft Devices to Patch Critical Vulnerabilities

Abu Dhabi, UAE — The UAE’s Cyber Security Council has issued an urgent call for Microsoft users to update their devices immediately to protect against over 100 newly identified vulnerabilities.…

US Coast Guard Issues Port Closures and Restrictions Due to Tropical Storm Beryl

The US Coast Guard has implemented precautionary measures across Texas ports, anticipating the impact of Tropical Storm Beryl, which is expected to strengthen into a hurricane by Monday morning as…

Dubai Gold Prices Dip as Global Market Eyes US Economic Indicators

On the first trading day of the week, gold prices in Dubai experienced a slight decline, according to data released by the Dubai Jewellery Group. The price of the 24K…

UAE Maintains Strong Position in Global Gold Jewellery Market Despite Consumption Drop

Dubai, UAE – The UAE continues to rank as the world’s fifth-largest market for gold jewellery demand, despite a notable decrease in consumption over the past year. The persistent allure…

Navigating the Future: UAE’s Transformative Shift towards Hybrid Work Models

The UAE’s evolving work landscape is witnessing a significant shift towards hybrid work models, blending remote and office-based work, according to Jayant Paleti, Co-Founder of Darwinbox, a human capital management…

New Direct Flights from Fujairah to Cairo Announced

Fujairah International Airport has unveiled plans for direct flights connecting the emirate to Cairo, Egypt’s capital, starting in July. This initiative, facilitated through a partnership between Fujairah Airport and Egypt’s…

‘Dubai Mangroves’ Project Plans to Transform Coastline with 100 Million Trees

A transformative project named ‘Dubai Mangroves’ aims to blanket the Emirate’s coastline with lush greenery by planting over 100 million mangrove trees. Spearheaded by sustainable cities developer URB, the project…

UAE Insurance Premiums Surge by Up to 30% Following Unprecedented Rains

In the aftermath of the historic rainfall experienced in mid-April, insurance companies in the UAE have escalated premiums by as much as 30%, responding to the surge in claims for…

Adnoc Logistics & Services Approves $130 Million Dividend Amidst Strong Financial Performance

Shareholders of Adnoc Logistics & Services Plc (Adnoc L&S) have greenlit the final 2023 dividend, amounting to $130 million (Dh477 million), equivalent to 6.45 fils per share. The dividend, approved…