Interesting News & Facts

  • DP World, Virgin Hyperloop One to build hyperloop system for UAE cargo

       April 30, 2018     
    Dubai: DP World, the Dubai-based ports operator, said on Sunday that it would formally partner with Virgin Hyperloop One to build ultra high-speed cargo delivery systems around the world. DP World is already the largest investor in Virgin Hyperloop One, occupying two board seats and participating in the US-based company’s latest $50 million funding r
  • 10 cheapest places to rent in Dubai today

       April 28, 2018     
    Dubai: Still struggling to pay the rent? You’re obviously not alone. While property experts say housing costs are getting cheaper, tenants in Dubai are still seeing apartments that cost more than the whole year’s salary of a low-income earner. A one-bedroom flat in Jumeirah Beach Residence (JBR), a popular neighbourhood because of its proximity
  • 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
  • Artificial intelligence is the art of being smart

       April 26, 2018     
    Key players and experts from the artificial intelligence realm gathered in Dubai on Wednesday at the start of Artelligence - The Artificial Intelligence Forum 2018 - to discuss various topics surrounding the technology and how societies can benefit from it. AI investments in the UAE is expected to hit Dh33 billion in 2017, with the figure growing over 70 p
  • 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
  • 10 government jobs that pay up to Dh40,000 in UAE

       April 24, 2018     
    Job forecast shows opening of new job opportunities in the UAE as well as a strong job market. DubaicareersDOTae has published government job opportunities on their website, with many jobs offering a monthly salary up to Dh40,000. With an array of government job openings, expats eyeing only the private sector should widen their search and check out the mul
  • 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

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