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…
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…
McDonald’s Quarterly Profits Rise Despite Middle East Conflict Impact
McDonald’s Corporation announced a notable uptick in quarterly profits despite grappling with the ongoing repercussions of conflict in the Middle East. The fast-food giant’s financial report for the quarter underscored…
UAE to Announce May Petrol Prices Amid Global Rate Alignment
The UAE is set to reveal petrol prices for May 2024 on Tuesday, aligning them with global rates as fluctuations in oil prices continue to impact local markets. With global…