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Dubai Harbour welcomes 100% renewables-powered Swiss vessel

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Dubai Harbour, an extraordinary seafront district, welcomed the Swiss experimental vessel powered solely by renewables, Porrima, to its marinas on March 17, 2022, as part of its worldwide journey across five continents called the Blue Odyssey.

Choosing Dubai Harbour for its second world destination, the first-of-its-kind solar, wind and hydrogen-powered ship has travelled more than 11,000km without stopping since departing Osaka, Japan, on December 18, 2021.

Dubai Harbour – recently voted as the winner of the World’s Best New Cruise Development at the 1st Annual World Cruise Awards 2021 – is home to the region’s largest marina and features Bay Marina, Dubai’s first dedicated superyacht marina which can accommodate yachts up to 160m in length. Dubai Harbour is also home to Palm View Marina and Harbour Marina offering 556 berths for yachts up to 40 meters and a curated mix of restaurants, cafes, and retail offerings.

Upon arrival at Dubai Harbour, the Porrima berthed at Harbour Marina in front of the Yacht Club building before unveiling a suite of renewable technologies that have been proven on board. It will invite the youth to join the ‘Blue Campus’ to learn the skills and build the talent around the showcased next-generation solutions to sustainable ocean industries and resource preservation.

 

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Abdulla Binhabtoor, chief portfolio management officer, Shamal Holding, the company which owns Dubai Harbour, said, “We are excited to welcome the Porrima to Dubai Harbour for its third odyssey around the globe. It is exciting to see how the intersection of technology and sustainability come together to help tackle the environmental challenges that we face today. The Porrima brings sustainable mobility to the forefront, and we are committed to accelerating action to preserve a healthy planet for generations to come.”

The journey, which aims to arrive at its destination after a refit with 12 novel technologies in time for the opening of the Expo 2025 Osaka, will see the vessel dock at ports around the world to demonstrate how to tackle problems such as pollution and climate change through the use of commercially viable renewable technologies.

The project comes in response to a call to action from the Japan Association for the 2025 World Exposition, which invites initiatives geared towards realising ‘an ideal future society.’ Porrima – named after the Roman goddess of the future – was the first in the world to circumnavigate the globe using only solar energy under its previous name, ‘Planet Solar’. Now, using solar, wind and hydrogen, the 36-metre 100-tonne vessel also utilises artificial intelligence and technologies inspired by nature. Just as lungs remove the CO2 from our blood, the same technique is used to clean seawater, isolate and destroy microplastics, making Porrima the only vessel in the word certified to produce and consume hydrogen on board.

The creator of the enterprise is the serial entrepreneur, economist, and author Gunter Pauli, who sets out to inspire the next generation with competitive and commercially viable renewable technologies and techniques. He said, “We need to wake up the entrepreneurs of the future, and I believe Dubai is the right place for this. The innovation and adoption of the kind of technologies that we are showcasing on the Porrima will have a fundamental role to play in the realisation of many of the United Nations Sustainable Development Goals – and provide a blueprint for creating an ideal future society.”

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Small businesses in the UAE now have tax relief until 2029

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Small businesses in the UAE with annual revenues of up to Dh3 million will continue to be eligible for Small Business Relief under the corporate tax regime until the end of 2029.

The Ministry of Finance said on Friday that Ministerial Decision No. 131 extends the period during which eligible businesses can benefit from Small Business Relief to cover tax periods ending on or before December 31, 2029.

The relief was introduced to help reduce the corporate tax compliance burden for smaller businesses and start-ups that meet the eligibility requirements.

Dh3 million threshold remains unchanged

The existing annual revenue threshold of Dh3 million, set under Ministerial Decision No. 73 of 2023, will continue to apply.

The relief applies to tax periods beginning on or after June 1, 2023 and, following the latest amendment, will remain available for subsequent tax periods ending on or before December 31, 2029.

Eligible taxable persons with annual revenue of up to Dh3 million can claim Small Business Relief, subject to meeting the conditions and requirements outlined in the corporate tax legislation.

The relief enables qualifying businesses to benefit from simplified corporate tax compliance requirements.

More time for small businesses

The extension provides eligible small businesses and start-ups with additional tax periods to benefit from the relief while continuing to meet the Dh3 million revenue threshold.

The Ministry said the decision is part of its efforts to support smaller companies and entrepreneurs, strengthen the business environment, and encourage sustainable growth and expansion.

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UAE public holiday announced: 3-day weekend coming up on August 28

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Planning your next long weekend? The UAE has confirmed Friday, August 28, as a public holiday for employees in both the public and private sectors.

The holiday commemorates Prophet Muhammad’s (PBUH) birthday, an occasion included among the UAE’s official public holidays. As the date follows the Islamic calendar, the timing changes from year to year.

A three-day break for many residents

With the holiday falling on a Friday, employees who follow a Monday-to-Friday working week can enjoy three days off:

  • Friday, August 28: Public holiday
  • Saturday, August 29: Weekend
  • Sunday, August 30: Weekend

That means residents can make the most of the break with a short trip, a staycation or a relaxed weekend at home.

Another UAE holiday is coming

The next major public holiday on the UAE calendar will be Eid Al Etihad, with celebrations and the official holiday scheduled for December 2 and 3.

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What the UAE’s new vape excise price means for consumers and retailers

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The UAE Ministry of Finance has introduced a new rule that sets a minimum excise price for liquids used in electronic smoking devices.

Beginning September 1, vaping liquids will be subject to a minimum excise price of AED 1 per millilitre.

The ministry confirmed that the existing minimum excise prices for cigarettes, water pipe tobacco (shisha), and other tobacco products will remain unchanged.

According to the ministry, the decision aims to improve tax compliance, respond to developments in the tobacco and vaping industry, and create a more consistent pricing framework across tobacco and electronic smoking products.

The UAE will also continue applying its 100% excise tax on all tobacco products covered under the country’s excise tax regulations.

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