Browsing: Finance
Emirates has reinforced its commitment to operational excellence and safety in fleet management by signing an agreement with Airbus
IHC, a global investment firm focused on creating value-driven networks, has reported its preliminary financial results for 2024, with revenue rising by 54.4% to AED 92.8 billion from AED 60.1 billion in 2023.
The UAE Ministry of Energy and Infrastructure intends to set up more than 500 electric vehicle (EV) charging stations nationwide by the close of 2025, as stated by Sharif Al Olama, Under-Secretary for Energy and Petroleum Affairs.
The Ministry of Finance will participate in the World Governments Summit (WGS) 2025, taking place in Dubai from 11th to 13th February under the theme “Shaping Future Governments.” Its agenda includes initiatives to enhance global collaboration and the 9th Arab Fiscal Forum on 10th February, preceding the main event.
The UAE and Japan will strengthen their trade ties this year as they finalise negotiations on a Comprehensive Economic Partnership Agreement (CEPA).
The Ministry of Finance has announced the issuance of Cabinet Decision No. 142 of 2024 on the introduction of the Top-up Tax for Multinational Enterprises, providing further details on the UAE Domestic Minimum Top-up Tax (UAE DMTT). This follows the announcement made by the Ministry on December 9, 2024.
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, assessed the progress of a housing project for Emiratis in Al Khawaneej 2 during a site visit. The visit reflects his dedication to improving living standards and overall wellbeing for Emirati families.
In an era of rapid economic shifts and digital transformation, The Times Group’s, ET NOW Global Business Summit 2025 is set to ignite powerful conversations.
Dana Gas, headquartered in the UAE and recognised as the largest private natural gas entity in the region, reported a 15% year-on-year (YoY) increase in net profit for Q4 2024, amounting to AED 143 million (USD 39 million). The rise was attributed to enhanced revenue and reduced financing costs. The company also indicated plans to reinstate dividend payments.
The Ministry of Finance has issued Cabinet Decision No. 142 of 2024, introducing the Top-up Tax for Multinational Enterprises. This decision outlines the UAE Domestic Minimum Top-up Tax (UAE DMTT) and follows the Ministry’s announcement on 9 December 2024.