The carrier said it has a team of experts working with stakeholders and creditors to protect its investment and business interests. (File/Photo)
June 22, 2018 - 11:00 GMT
Air Arabia PJSC fell in Dubai after the airline disclosed exposure of $336 million to funds managed by Abraaj Group, the private equity firm that’s being restructured.
As VAT is new to the region, it is imperative for business owners to be aware and comply with the new regulations in order to avoid stiff penalties which could be as high as AED 50,000. (Shutterstock)
June 21, 2018 - 13:36 GMT
The United Arab Emirates and the Kingdom of Saudi Arabia began the implementation of Value Added Tax (VAT) on January 1, 2018 at the rate of five per cent, while other GCC countries are expected to follow in the near future.
(Rami Khoury/Al Bawaba)
June 21, 2018 - 13:04 GMT
China is making human rights abuse a lucrative, global industry.
Above, a fish farming facility in the Mediterranean Sea. Sovereign investors across the region are increasingly investing in food resources on land and sea as a growing global population needs feeding. (Mubadala)
June 21, 2018 - 12:41 GMT
Mubadala has netted a major fish farming deal as the Abu Dhabi-based strategic investment company targets the aquaculture sector.
Khalid Al-Hussan, Chief Executive Officer of the Saudi Stock Exchange (Tadawul), speaks during a news conference after the inclusion of MSCI EM to the Saudi Stock Market in Riyadh, Saudi Arabia June 21, 2018. (Arab News)
June 21, 2018 - 12:23 GMT
Saudi Arabia’s Minister of Finance Mohammed Al-Jadaan: This is a significant milestone for the Saudi capital market
The period will coincide with the timing given for other special visa applicants. (Khaleej Times)
June 21, 2018 - 11:46 GMT
Following up on the initiative granting a grace period for illegal residents in the UAE, sources indicate that the period will coincide with the visa application period for the 1-year emergency residency given for victims of wars and disasters.
Check out the list of brands, malls offering 12-hour flash sale in Dubai. (KhT)
June 21, 2018 - 09:55 GMT
With Dubai Summer Surprises around the corner, a 12-hour flash sale will mark the opening day of the six-week long event.
As the astronaut for the 10-day-long mission will be selected and will fly into space on board the Russia's Soyuz-MS spacecraft to reach the ISS, the UAE is all set to make a historical achievement early next year. (Pexels)
June 21, 2018 - 09:24 GMT
Come July and you will know who are the Emirati astronauts to be trained for the UAE space mission. And in April next year, the first Emirati astronaut will jet off to the International Space Station (ISS) as part of the country's ongoing efforts to further promote space exploration.
The sweeping changes to UAE visa rules will help expats get appropriate employment. (AFP)
June 21, 2018 - 08:58 GMT
The UAE Cabinet's decision to introduce visa reforms is being hailed as 'a new lease of life' for expatriate jobseekers, illegal residents, blue-collared workers, widows and divorced women.
Visa reforms will protect the most-vulnerable sections of society. (Shutterstock)
June 21, 2018 - 08:51 GMT
The social workers' community has 'thanked UAE government for showing magnanimity towards illegal workers'. Several social workers who work closely with the workers' community have also opined that this decision will protect the most-vulnerable sections of society.
Pro-UAE forces in Yemen have detained journalist and his sibling. (AFP/ File)
June 21, 2018 - 08:30 GMT
A journalist and his sibling have been held by pro-U.A.E. forces in Yemen's southern city of Lahij, according to the National Organization of Yemeni Journalists (SADA) Wednesday.
The city is buzzing with World Cup fever, so don’t miss any of the action (Dubai Calendar)
June 20, 2018 - 15:32 GMT
The city is buzzing with World Cup fever, so don’t miss any of the action
Despite all investigations and reports on torture and sexual abuse being carried out in UAE-run prisons, human rights groups and UN still deny it. (AFP/File Photo)
June 20, 2018 - 14:44 GMT
Hundreds of detainees stuck in the UAE-run prisons in Yemen are facing sexual mass abuse by Emirati officers. In a recently-released investigation by the Associated Press, seven witnesses from inside the prisons were able to smuggle letters and drawings on plastic plates drawn by a blue ink pen about the sexual abuses they faced during March 2018.
Smart devices set to replace traditional bulky wallets and purses in the near future. (Shutterstock)
June 20, 2018 - 08:55 GMT
As nations across the globe continue to make remarkable progress in the race towards cashless economies, it's no secret that we are living in a rapidly changing society.
The video shows how virtual windows display exterior views using real-time cameras. (File / photo)
June 20, 2018 - 08:47 GMT
Emirates unveiled a new first-class suite on board it's latest aircraft that features virtual windows.
Emirates ranking jumped one place to 17th globally. (Shutterstock)
June 20, 2018 - 08:21 GMT
The UAE's global ranking in digital competitiveness continued to improve as it secured the 17th position in IMD World Digital Competitiveness 2018 report.