Author: Editorial team

Amendments aim to simplify procedures, clarify VAT treatment across several areas and further align the UAE tax system with international best practices.Abu Dhabi: The Ministry of Finance has announced the issuance of Cabinet Decision No. (149) of 2026 amending certain provisions of the Executive Regulation of Federal Decree-Law No. 8 of 2017 on Value Added Tax (VAT).The ministry said the amendments form part of ongoing efforts to further develop the UAE’s tax system, enhance tax transparency, improve implementation efficiency and align the VAT framework with international best practices.According to the ministry, the amendments are intended to simplify procedures and provide…

Accord to a recent report published by consultancy group PwC, global spending on data centres is set to hit $31.6 trillion by 2050 as demand for AI computing capacity drives a boom in infrastructure investment. In its Global Data Centre Outlook report, PwC predicted annual data centre capex will rise from about $800 billion this year to $1.1 trillion in 2030 and $1.8 trillion by 2050. The consultancy added spending could even approach $50 trillion depending on the pace of AI adoption. The US is expected to capture almost half of the spending, with $15.1 trillion in cumulative capex through…

CAPITALS, 9th September, 2026 (WAM)– Major European clubs made strong starts to their 2026–27 UEFA Champions League campaigns on Tuesday evening, with Manchester City, Real Madrid, Borussia Dortmund, and Real Betis all securing maximum points in their opening matchday fixtures. Manchester City kicked off their campaign with a 2-0 away victory against FC Porto at the Estádio do Dragão. Striker Erling Haaland provided the breakthrough for the English side immediately after the restart, opening the scoring in the 47th minute before doubling the advantage in the 90th minute to seal the win. At the Santiago Bernabéu, Real Madrid earned a…

The NCM forecasts fair to partly cloudy skies and calm seas across Dubai and Abu Dhabi, with internal regions reaching up to 46°C today Dubai: Temperatures are gradually rising today across the UAE, but there’s good news too – humidity is on the decline. The National Centre of Meteorology (NCM) forecasts fair to partly cloudy weather today, with light to moderate southeasterly to northwesterly winds, freshening at times, and reaching speeds of up to 35km/h. Hot weather, but ease in humidity Temperatures are in the mid-40s across the UAE today. Coastal and island regions will experience highs between 39°C and…

Alphabet’s Google on Tuesday rolled out changes to its online search results in Europe to satisfy EU antitrust regulators that it said will degrade users’ experience and ratchet up costs for European businesses.Google told Reuters that the changes mark the largest reduction in quality of service at the world’s most popular internet search engine in its 29-year search history.The company said the EU pitched the changes as levelling the playing field for companies to be displayed on Google.However, it said in its view the changes favour price comparison sites, also known as vertical search services (VSS), linked to sectors including…

The grandson of legendary filmmaker Ramanand Sagar and producer-director Shiv Sagar expressed his displeasure with the casting of actor Ranbir Kapoor in the upcoming Nitesh Tiwari’s film ‘Ramayana.’Sagar said he finds it hard to “accept” Ranbir Kapoor as Lord Ram after his morally complex role in Sandeep Reddy Vanga’s ‘Animal.’ “Except for that one casting, I like the rest of the casting very much. Personally, I cannot accept Ranbir Kapoor as Ram because after Animal, I cannot accept him as Ram. When I look at Ram ji, I feel that a fresh face should have been taken. You can take a…

After bowling Pakistan to a comprehensive victory over Hong Kong for a place in the Women’s T20 Asia Cup semifinal against Sri Lanka, Nashra Sandhu was confident of delivering another strong collective performance against the defending champions.Sandhu’s stunning six-wicket spell helped Pakistan beat Hong Kong by 72 runs on Monday.Barely 48 hours after their big defeat to India at Dubai International Stadium, Pakistan returned to the same ground to face Hong Kong with a place in the last four at stake.Pakistan, who suffered a stunning batting collapse against India, slumping from 27 for no loss to 55 all out, put…

DUBAI, 8th September, 2026 (WAM)– Fahad Al Gergawi, Under-Secretary of the Ministry of Foreign Trade, stated global investment priorities are increasingly shifting towards advanced technology, artificial intelligence, digital transformation, infrastructure and long-term strategic partnerships. Speaking to the Emirates News Agency (WAM) on the sidelines of AIM Congress 2026, Al Gergawi said the UAE continues to strengthen its investment environment and focus on priority sectors, particularly advanced technology, AI, logistics and infrastructure, including ports, airports and transport networks. He added the UAE’s investment approach extends beyond financial returns to creating a positive impact on both host economies and the national economy,…

Dubai’s off-plan, secondary and rental markets remain resilient, and property values are expected to rise further in the coming yearsDubai: Dubai’s property market continues to attract local and international investment, supported by the emirate’s global appeal, diverse projects, flexible payment plans, security, quality of life and advanced infrastructure, according to developers participating in the International Property Show (IPS 2026).Participating companies also unveiled plans for new projects and investments worth billions of dirhams.Rajinder Kaur, Sales Director at Union Properties, told the Emirates News Agency (WAM) that investors are increasingly seeking opportunities combining competitive prices, project quality and developer credibility.Raja Jawad Ahmed,…

Global oil benchmark Brent crude has rallied this month but stayed below $100 a barrel despite recent escalation in the US-Iran conflict that has disrupted Gulf exports from the Strait of Hormuz and the Red Sea.Crude oil shipments from Middle East producers are at about 11 million barrels per day (bpd) now, from 18 million bpd before the Iran war began seven months ago, according to Argus.Here are some of the factors driving oil prices:Significant volumes have been able to flow through HormuzIn the week before fighting erupted again on August 30, roughly 8 million to 9 million bpd had…