Interesting News & Facts

  • 70% of UAE's VAT revenue to be used by local governments

       January 8, 2018     
    Chairing the cabinet meeting on Sunday, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, approved the distribution of revenue from value-added tax (VAT) and said local government would receive 70
  • UAE ranked 4th globally in terms of skyscrapers

       January 8, 2018     
    Known for its skyscrapers and great architecture, Dubai continues to add on its long list of skyscrapers with three out of five tallest buildings completed in 2017 were in Dubai, says the Council on Tall Buildings and Urban Habitat (CTBUH) report. Overall, UAE saw
  • RTA launches 20 initiatives for Year of Zayed

       January 7, 2018     
    Dubai: The auction of a distinguished number plate — Z 1971 — dedicated in honour of Shaikh Zayed Bin Sultan Al Nahyan, the Founding Father of the UAE, will be among a series of 20 initiatives launched by the Roads and Transport Authority (RTA) to mark the Y
  • No small change even in UAE banks and hypermarkets

       January 7, 2018     
    Dubai: It’s not only the small shops that don’t have small change — 1 fil, 5 fils, and 10 fils — but even some big supermarkets and banks in Dubai,Gulf News can reveal. The issue of not getting the small change back is getting public a
  • Dewa first UAE govt utility to join UNGC sustainability initiative

       January 6, 2018     
    The Dubai Electricity and Water Authority (Dewa) has joined the United Nations Global Compact (UNGC) - the world's biggest corporate sustainability initiative - becoming the first UAE government utility to join the initiative and adopt its 10 basic principles in the fields of human rights,
  • UAE leaders congratulate Oman on Gulf Cup win

       January 6, 2018     
    His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai and His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces; congratulated Oman on their 23rd Gulf Cup victory. Taking to Twitter, Sheikh Mohammed bin Rashid said: "Congratulations to the Sultanate of
  • Sharjah Islamic Bank issues sukuk to raise Dh266 million

       January 4, 2018     
    Sharjah Islamic Bank (SIB) has successfully completed the issuance of Dh266.8 million worth of sukuk convertible into equity of the bank to the Sharjah Social Security Fund (SSSF). The move came in line with the Year of Giving (2017). The announcement was made by Abdul Rahman Al Owais, chairman of the board of directors of SIB, who stressed that the Ruler
  • Hamdan bin Mohammed meets with co-founder of Google

       January 4, 2018     
    H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, has met with Sergey Brin, Co-Founder of Google and President of Alphabet Inc., Google’s parent company. Sheikh Hamdan praised Brin’s knowledge and scientific journey, which is crowned with international success. "Sergey’s
  • Mohammed bin Rashid pens heartfelt letter, thanks Mohamed bin Zayed

       January 3, 2018     
    Ahead of the 12th anniversary of his accession day on January 4, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, has penned a heartfelt letter to His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces. In it, he has urged re
  • Dangal is the first film to witness overseas collections being at par with domestic markets.

       January 3, 2018     
    The film has been one of the most successful and Biggest Bollywood blockbuster film in China. Dangal has a received a strong positive word of mouth in China and is one of the most watched films in China. The film was loved by the Chinese audience and had created a rage in China as soon as the film released. The film had done a mindblowing business

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