Interesting News & Facts

  • New Dubai 'millionaire' struggles with loans

       April 28, 2018     
    Dubai: S.R. Shenoy has just been declared winner of $1 million cash prize at a raffle draw in Dubai, and his luck could not have come at a better time. The Indian expatriate, 37, has mounting debts to pay. In the nine years that he’s been away from his home country, he has racked up approximately Dh230,000 to Dh240,000 in loans and credit car
  • VAT refund scheme for UAE tourists gets the nod

       April 26, 2018     
    The Federal Tax Authority (FTA) on Wednesday approved a refund scheme for tourists under which outlets and points of sales across the UAE will be connected to the refund system. During its fifth meeting, the FTA said the number of businesses registered for VAT had surged to 281,000 while 637 have registered for excise tax. Tax experts said the refu
  • Sheikh Hamdan issues decree on Dubai public holidays

       April 25, 2018     
    His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, has issued Resolution No. 14 of 2018 concerning the announcement of public holidays in the Emirate of Dubai. The resolution stipulates that the Department of Human Resources of the Dubai Government shall announce the dates of public
  • Fall in average school fees, rents in Dubai offers relief

       April 25, 2018     
    As the price of house rents fall across the emirate, there has been a small drop in school fees as well, according to Middle East education guide, Edarabia. The quarterly price evaluation study by the education experts states there has been a "10 to 15 per cent" decrease in school fees in key residential areas across Dubai (when looking at the accumulated
  • UAE residents are among biggest holiday spenders

       April 24, 2018     
    Residents in the UAE are among the world's top 5 spenders when they travel abroad, with an average spend of about Dh10,000 during their last international trip, according to a study released by digital payment firm Visa at the Arabian Travel Market 2018 on Monday. Among the other top nationalities, Saudi Arabia topped with $5,333 for spending while travell
  • Why hospitality is the UAE's tour de force industry

       April 23, 2018     
    Hospitality and tourism professionals in the UAE are bullish about the industry outlook for 2018-19 on the back of diverse concepts offered to tourists and businesses such as cultural tourism, entertainment parks and mega business events, industry executives said. "We are positive about the outlook for the UAE because the government and private sectors are
  • Dubai Municipality sets Earth Day world record with plastic bottles

       April 23, 2018     
    Dubai marked World Earth Day 2018 in a really unique way, getting a Guinness World Record for forming the longest line of plastic bottles using 58,447 used bottles. The line, measuring 3842.5 meters, was arranged on an area of 522 sq m and the event also demonstrated to the public how many plastic bottles we are really using as a community. The fea
  • Look out for Lyrid meteor shower in UAE skies today

       April 21, 2018     
    Star-gazers and astronomy-enthusiasts are in for a blazing treat. Meteors hailing from the Lyre constellation, or 'Lyrids', can be seen from all over the world and if you're lucky, you can catch the spectacular show. Peak shower hours will be after midnight on Saturday, April 21 until the early hours of Sunday, April 22, as per Al Ittihad report.
  • Dh50,000 fine for SMS, phone call promotions in Dubai

       April 19, 2018     
    Dubai's Real Estate Regulatory Agency (RERA) has recently announced fines for real estate agencies promoting and marketing properties via SMS or phone call. According to Al Bayan, the authority stressed that such actions are 'strictly prohibited' and can invite a Dh50,000 fine. RERA commented on a recent case of a real estate company that launched
  • Sheikh Nahyan wins educational personality award

       April 17, 2018     
    Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance, won the Educational Personality of the Year at the Khalifa Award for Education. He was recognised for his tireless efforts in promoting education and supporting learning activities across the UAE. Sheikh Hamed bin Zayed Al Nahyan, chief of the Abu Dhabi Crown Prince's Court and member of t

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