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Last Updated: Tue, Mar 28 2017 | 9:48 AM |

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1

UAE exempts residential property sales, rental income from VAT

Residential property sales and leases will be exempt from value added tax (VAT) in the UAE, but not commercial properties, according to tax consultants who attended a VAT briefing by the Ministry of Finance...

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Posted by: SURENDER MOTIANI Mar 28, 2017 8:56 AM [OMAN/INDIA]

I must appreciate govt move to exempt vat for buying and renting.
it will keep great trust to investment.
I salute to government for correct positive thinking.

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24

Great escape? The UAE expat's dilemma

The UAE has been attracting millions of the world’s modern-day Dick Whittingtons — the English folklore character that left behind a humble background to seek his fortune — for decades.Lured by the prospect...

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Posted by: Exiledsaint Mar 28, 2017 8:55 AM [Qatar]

The Dubai economy needs serious re-balancing but there is little appetite to do exactly that. Expats and Nationals have become dependent on each other, probably even more so the Nationals. If they cannot attract enough expats and too many are leaving then that permeates through the whole economy and businesses run and owned by Emiratis. One job goes and that means one less apartment rented, one less car bought, one less gym membership, less meals out, no school place, no air tickets 2 or 3 times a year. It hits the whole economy as the expat that loses his job, still needs to eat and live but he goes home.

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5

Rain leads to 1,500 accidents over the weekend in Dubai

A total of 1,447 traffic accidents were reported between Thursday evening and Sunday morning due to unstable weather conditions, according to Dubai Police.The UAE weather department has already predicted...

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Posted by: savio Mar 28, 2017 8:55 AM [dubai]

Just math maybe will work better for those people driving land cruiser, 4x4 , pajero with tinted window at 120km/h on SZR 2 meters away from your bumper dry or wet road!!!
At 90km/h a car need 78 meters to stop on a dry surface and 87 on a wet one... At 120km/h the same car will need 104 meters to stop on dry and 117 on wet. ABS, Air bag any other technology you could have in your car will not change anything. As far as your brain does not connect the dots accidents and casualties will continue to grow in Dubai. I drove yesterday from AD back to Dubai and at least 10 cars overtook me from the safety line on the left side at over 140km/h.....

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8

Xanadu acquires 2 million square feet of Dubai Lagoon from Schon

Schon Properties transferred 2.33 million square feet of development at Dubai Lagoon to Xanadu Real Estate Development LLC, it was announced today. The move is part of the overall development of the Dh7...

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Posted by: Aly Mar 27, 2017 12:51 PM [dubai]

I have recently invested in Dubai lagoon but after watching so many negative news and bad experiences faced by investors i am losing confidence in this project. Can anyone update on this ?

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13

Welcome to the life of one of the UAE’s defence and real estate moguls

Mansour Bin Jabr’s idea of a hard life may not resonate with everyone.“The cars, the jets, they don’t make me happy. I’m a hippie in a way. I love islands, beaches,” says the 30-year-old chief operating...

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Posted by: Fentoni Mar 27, 2017 12:53 PM [UAE]

Good post John! Trump inherited an economy in great shape with an administration respected, if not liked by the rest of the free world with a population that has a record low uninsured rate as far as health insurance. Within 65 days he's basically seen as a dangerous joke within western democracies, his healthcare bill that needed to be passed to make his tax reform work has spectacularly failed, his two travel bans have thankfully been stopped by the courts. His next easy task... tax reform.."It's gonna be great, believe me!" . That's like breaking your ankle in the first 2 KMs of a 5K race on the Monday then saying you're going to win a Marathon the following Saturday! I feel sorry for the vast majority of smart honest Americans who have to put up with him for another 4 years.

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1

Western colonisation has skewed Islamic laws, says scholar

Western colonisation have skewed Islamic laws and societal behaviours in Muslim countries, according to a US-based Islamic scholar.Speaking at the Northwestern University, Qatar, on Sunday, Islamic and...

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Posted by: Jash Mar 27, 2017 8:26 AM [USA]

If she is serious about the claim that Western colonisation has skewed Islamic laws, she should offer proof and examples.

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1

Iran denies harassing US warships in Gulf, warns of clashes

Iran denied on Saturday US accusations that its fast-attack boats were "harassing" warships at the mouth of the Gulf, and said Washington would be responsible for any clashes in the key oil shipping route...

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Posted by: john Mar 26, 2017 5:41 PM [uae]

Iran has been up to this behavior for years and most incidents remain relatively unreported; possibly to defuse political tensions with the GCC and western countries.
However the Revolutionary Guards do not take their orders from the President and occasionally ignore the 'guidance' of the Spiritual Leader.
Always probing for military weaknesses, the worry is that they overstep their calculated provocations and end up with several of their craft at the bottom of the Straits of Hormuz.
Such an incident would be a 'game changer' and an escalation of conflict is the greatest worry for most people.

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5

Exclusive: Dubai's Emaar Malls bids $800m for Souq.com

Emaar Malls has bid up to $800 million to take over e-commerce giant Souq.com, sources familiar to the offer have have confirmed to Arabian Business.Last week Amazon agreed in principle to a 100 percent...

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Posted by: Skeptic Mar 26, 2017 5:42 PM [USA]

This seems to be a bid purely for the sake of PR and free publicity. The whole world knew that Souq had already entered into exclusivity with Amazon, and it's odd that Emaar would wait until that was publicly announced before making their "bid". Souq has been on the block for a while and Emaar was truly serious, they would have put forth this offer some time ago.

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19

Telephone banking in Dubai is about as frustrating as it gets

I am a confident person who is pretty good at reading a situation and knowing when to speak up or shut up. But I lose all self control and I resort to an immature stereotype of the worst kind when I am...

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Posted by: Diya Pardasani Mar 26, 2017 4:42 PM [UAE]

Yes right, banking services here are not up to levels of developed countries let alone telephone services, but great deal of effort is visible in improving over all customer experience by many banks, especially local. It's a competition driven market. There are certain concerns of account hacking (happened with me in 2010 with one of the local banks) and I understand that its not possible to eliminate those issues entirely. However, with continuous customer and tele-staff education the impact can be minimized.
Moreover, we all know we cannot survive without banking services. Our constant feedback will only make them aware of their scope for improvement and help us get better services.

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1

Weather disrupts flights at Dubai International Airport

Flights to and from Dubai International Airport have been disrupted today due to bad weather conditions, according to the airport operator.Fifteen inbound flights were diverted to other airports in the...

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Posted by: ahmed Mar 26, 2017 4:42 PM [UAE]

For a progressive modern country to fall apart when it rains is ridiculous. Last night I flew in Terminal 2 and waited almost 2 hours for my luggage. Luggage was strewn all over the airport by the baggage handlers who apparently skipped work last night because there could only be two reasons why this happened on my plane that was parked in front of immigration, either a lot of employees didn't show up for work or the ones that were working threw the luggage somewhere and no one knew where the luggage was in the airport or could have been still on the plane and not offloaded. People need to be fired. Most of them are South Asians and go through monsoon every year and NEWSFLASH, this was not a monsoon in Dubai.

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