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Economics

Young Arab business leaders honoured

Shaikh Hamdan also presented awards to bodies, initiatives and programmes across the Arab world that support entrepreneurship Shaikh Hamdan presents the trophy to Emirati entrepreneurs Shayma Nawaf Al Fawwaz for the ‘Best Businesswoman of 2017’, during Mohammad Bin Rashid Awards for Young Business Leaders at Zabeel Hall 6, Dubai: The …

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More UAE residents mull property buying

Soft prices and bargains from developers have more favouring this asset option Image Credit: Arshad Ali/ Gulf News A new survey shows a 7 per cent increase in “appetite” in the last six months for property investment. Dubai: The current bargains available on Dubai property seems enticing – 40 per …

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December's priciest Dubai property deal bags Dh18.92m

Seven-bedroom villa at Emirates Hills is set close to Montgomerie golf course Image Credit: Megan Hirons Mahon, Gulf News Aerial view of Emirates Hills Dubai: A seven-bedroom villa for Dh18.92 million – this was reportedly the costliest property deal in Dubai during December.  The villa in Emirates Hills has a …

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US SEC warns bitcoin, cryptocurrency investors at risk

Cautions state and federal regulators may not be able to recoup any lost investments from illegal actors Image Credit: Istockphoto WASHINGTON: The US Securities and Exchange Commission warned Thursday that investors should “exercise caution” with cryptocurrencies like bitcoin, noting state and federal regulators may not be able to recoup any …

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5 things that used to be Dh1

With the introduction of VAT, many shops are faced with the challenge of owing small change to their customers on items that used to cost one dirham. We asked around to find out what stores were doing. Some stores are slightly increasing their prices in order to round off the …

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Gulf energy firms issue record $28.7bn debt in 2017

Gulf energy companies issued record debt this year as producers opted to exploit lower borrowing costs to fund expansion plans. Oil and gas producers, pipeline operators and refiners in Kuwait, the United Arab Emirates, Saudi Arabia, Oman, Bahrain and Qatar borrowed a record $28.7 billion through bonds and syndicated loans …

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After VAT, how do I get my small change?

The issue of small change that gets absorbed into even, rounded off to the nearest whole number is pinching the customer The daily routine of shelling out Dh1.50 for a cup of karak tea, post VAT, now asks of you to part with 5 per cent more and that’s alright. …

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Some gold shops in Dubai absorb 5% VAT

Gold buyers don’t need to worry about paying tax for now. Dubai: Effective January 1 this year, buyers of gold and diamond jewellery in the UAE are supposed to pay a 5 per cent value-added tax (VAT), but it looks like some of them won’t have to pay for the …

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