Interesting News & Facts

  • Pay 5% VAT on parking

       December 18, 2017     
    UAE residents have been relieved from the value-added tax on their rents, but they will have to pay VAT on the parking charges in their residential building, according to tax experts. The experts said that if the parking is charged separately in addition to lease rent, VAT would be applicable to such parking. "If parking is charged separately in addition t
  • UAE insurance industry has room to grow

       December 18, 2017     
    There is strong potential for insurance companies to grow in the untapped income protection segment as majority of UAE residents have no such plans in place.According to the report 'Income protection gaps in the UAE' released by Zurich Insurance and Smith School of Enterprise and the Environment, about 75 per cent of expatriates don't have income protection plans
  • Walls that speak the history of UAE

       December 17, 2017     
    Back in January, the Etihad Museum first opened its doors to the public. As the only museum of its kind dedicated to narrating the journey towards the foundation phase of the UAE before the official declaration signing on December 2, 1971, its path to construction was just as unique as the story it was built to tell. In the space of just 17 months, the 25,000 square
  • T10 Cricket League Sharjah: Complete Schedule

       December 17, 2017     
    When T20 cricket arrived, everyone thought that this would be as shortest as cricket can get but as they say, cricket is a funny game, the T10 cricket is here. Yes, the first-ever T10 cricket league with former and current international cricketers kicked-off on Thursday, December 14, in Sharjah. Named as T10 Cricket League Sharjah, the tournament is scheduled to be played from December
  • UAE banks record credit growth in Q3

       December 16, 2017     
    Credit growth in the UAE rose on the back of increased economic activity both in the government and private sectors with lending witnessing a decent increase during the third quarter of 2017. The Central Bank of the UAE's latest data released on Wednesday showed that gross credit reached Dh1.58 trillion by the end of the third quarter of 2017 from Dh1.545
  • Abu Dhabi celebrates Bahrain National Day

       December 16, 2017     
    The Capital is marking Bahrain National Day and the anniversary of the accession of His Majesty King Hamad bin Isa Al Khalifa to power. As part of celebrations, skyscrapers across Abu Dhabi, including Al Maryah Island and IPIC Square on Muroor road are all lit in Bahrain national colours. The celebration adds to the festive mood the Capital is witnessing for past
  • UAE, Saudi, Bahrain follow US with interest rate hike

       December 14, 2017     
    Dubai: The UAE, Saudi Arabia, and Bahrain followed the US in raising key interest rates on Wednesday, following the announcement from the Federal Reserve. The UAE central bank said it was raising its key interest rate by 25 basis points, the same amount as the US. The repo rate for borrowing short-term liquidity from the UAE central bank against certificates of deposit has been
  • Mohammad meets Saudi Prince Salman on Yemen

       December 14, 2017     
    Riyadh: His Highness Shaikh Mohammad Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and Prince Mohammad Bin Salman Bin Abdul Aziz, Saudi Crown Prince, Vice President of the Council of Ministers and Minister of Defence, on Wednesday met with Colonel Mohammad Abdullah Al Yidoumi, Chairman of the Yemeni Congregation for Reform Party. Al
  • Experience the call of the wild at the new Dubai Safari

       December 13, 2017     
    The white lioness was only two inches away from me, observing my every move. I was amazed by her majestic appearance and the green surroundings of the place. As she roared loudly, the other lionesses and a lion approached us. My heart jumped out of fear as they ran towards me. Luckily for me, a thick glass wall stood between us. I was not in the wild, but at the new Dubai Safari
  • Dubai Crown Prince Sheikh Hamdan named LinkedIn Influencer

       December 13, 2017     
    Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Dubai Executive Council, was named LinkedIn Influencer for 2017 on Tuesday. Sheikh Hamdan joins a list of influencers that include Virgin founder Richard Branson, Microsoft co-founder Bill Gates, former UK Prime Minister David Cameron, Indian Prime Minister Narendra Modi and Huffington Post c

Apply online bank loans in UAE
Get Instant response

only for UAE

Social Media