Environment & Energy | Sunday 30 July, 2023 9:25 am

Borouge reports first-half revenues of $2.8 billion

Borouge Plc today announced its financial results for the three- and six-month periods ended 30th June 2023, with first-half revenues of $2.8 billion and adjusted EBITDA of $978 million.The Company’s ambitious Value Enhancement Programme delivered a material $253 million impact in efficiencies...

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Government | Sunday 30 July, 2023 9:22 am

MoF announces new cabinet decision setting additional conditions for investment funds' exemption from corporate tax

The UAE Ministry of Finance (MoF) today announced Cabinet Decision No. (81) of 2023, outlining additional conditions for Qualifying Investment Funds under the Federal Decree-Law No. (47) of 2022 on the Taxation of Corporations and Businesses. The Cabinet Decision stipulates additional conditions...

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Business & Money | Sunday 30 July, 2023 9:18 am

MoF announces schedule of administrative penalties for corporate tax violations

The UAE Ministry of Finance (MoF) today announced the issuance of Cabinet Decision No. (75) of 2023 regarding administrative penalties for violations related to the Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses (Corporate Tax Law). The Cabinet Decision specifies...

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Government | Sunday 30 July, 2023 9:15 am

MoF issues Cabinet Decision on Executive Regulation of New Tax Procedures Law

he UAE Ministry of Finance (MoF) today announced the issuance of Cabinet Decision No. (74) of 2023 on the Executive Regulation of Federal Decree-Law No. (28) of 2022 on Tax Procedures (New Tax Procedures Law).The Cabinet Decision repeals and replaces the existing Executive Regulation on Tax...

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Business & Money | Sunday 30 July, 2023 8:55 am

AED 142 million worth TIR carnet transactions cleared by Dubai Customs

Dubai Customs supports the International Road Transport (TIR Carnet) system, the global customs transit procedure that enables goods to move under customs control from a country of origin, through transit countries, to a country of destination in secure sealed load compartments via a multilateral,...

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Business & Money | Sunday 30 July, 2023 8:54 am

TAM Development wins SAR 20.7 mln project from Ministry of Culture

TAM Development Co. received on July 27 a letter of award for a framework agreement to provide digital solutions and services for the Ministry of Culture at a total value of SAR 20.7 million, inclusive of VAT. Under the agreement, TAM will provide the necessary digital solutions to...

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Business & Money | Sunday 30 July, 2023 8:50 am

Dubai records real estate sales record during H1 2023

One of Dubai’s leading real estate agencies, Unique Properties, has observed an unprecedented surge in Dubai’s real estate sector, with a total of 60,440 sales transactions worth AED 177.3 billion being recorded during the first half of the year. The value of real estate sales recorded in...

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Culture & Education | Sunday 30 July, 2023 8:38 am

Anthology Announces AI-powered Course Building Tools, New Student Success Features in Blackboard Learn

Anthology, a leading provider of education solutions that support the entire learner lifecycle, announced a host of new features, powered by Artificial Intelligence (AI), designed to help instructors create more engaging learning experiences more quickly and provide granular, easy-to-action insight ...

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Culture & Education | Sunday 30 July, 2023 8:35 am

Red Sea Labs announces first edition of SeriesLab Program 

Red Sea Labs announced the first edition of the SeriesLab Program, designed to train and support local writers to create compelling film and TV series. Eight Saudi nationals and residents have been selected to participate in the Program, which consists of six workshops running between June to...

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Culture & Education | Sunday 30 July, 2023 8:30 am

DGDA Launches Diriyah Horizons Youth Summer Program to Inspire Curiosity, Creativity, and Cultural Awareness

The Diriyah Gate Development Authority (DGDA) launches the Diriyah Horizon Youth Summer Program, a hands-on and interactive program designed for children aged 9 to 17. This program aims to cultivate curiosity, creativity, and cultural understanding among young individuals. The Diriyah Youth...

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