Business
Explore the latest UAE business updates onSocial Kandura Media, market trends, finance news, and economic developments across the Emirates.
Big UAE tax changes are coming in days — here’s who will be affected
The UAE is introducing a new minimum Excise Price of AED1 per millilitre for liquids used in electronic smoking devices from September 1,...
Al Maktoum International Airport Expansion: What Dubai’s Dh128 Billion Project Includes
Dubai’s Al Maktoum International Airport is set to get what is being described as the world’s largest airport automated people mover (APM) system....
UAE Just Changed How Digital Currency Is Reported for VAT
The UAE Federal Tax Authority (FTA) has issued a new directive explaining how businesses must convert digital-currency values into UAE dirhams for VAT...
UAE Government Adds Aani and Jaywan as New Payment Options for Federal Fees and Fines
What happened?The UAE Ministry of Finance has introduced Aani and Jaywan as new payment channels for federal government fees and fines. Who is...
Big Change for the UAE Economy! Sheikh Mohammed Approves New GDP System
What happened?His Highness Sheikh Mohammed bin Rashid Al Maktoum has approved the National Programme for Developing the Statistics System in the UAE, introducing...
Regional Conflict Couldn’t Slow UAE Banks—Q2 Earnings Tell the Story
What happened?Major UAE banks reported strong second-quarter earnings, with higher profits, growing customer deposits and increased lending despite geopolitical uncertainty linked to the...
Would You Live in a Chelsea FC Home? Dubai’s New Luxury Project Starts at AED 2.56M
What happened?Chelsea Residences by DAMAC has launched sales for its sixth and final residential tower in Dubai Maritime City. Who is affected?Homebuyers, property...
Jeddah Tower Set to Become the World’s Tallest Building
What happened? Who is affected? Why does it matter? Saudi Arabia’s ambitious Jeddah Tower is once again climbing towards the sky after construction...
Driving in Dubai? This new Dh2 billion road project could save you up to 18 minutes
What happened?Dubai’s Roads and Transport Authority (RTA) has awarded the contract for the Dh2 billion Latifa bint Hamdan Corridor Development Project. Who is...
Dubai’s Largest Taxi Operator Just Got Even Bigger—Here’s What It Means for You
Dubai Taxi Company has completed its $394.8 million acquisition of National Taxi, creating the UAE’s largest taxi operator with over 14,000 vehicles combined....
