Connect with us

News

Expo supports UAE non-oil private area development to quickest since June 2019 – PMI

Published

on

The United Arab Emirates’ non-oil private area extended at the quickest pace since June 2019 in October, recording its eleventh consecutive month of development as the Expo world reasonable started in business center Dubai, a review displayed on Wednesday.

The occasionally changed IHS Markit UAE Purchasing Managers’ Index (PMI), jumped to 55.7 in October from 53.3 in September on the rear of higher spending and the travel industry.

It was over the 50.0 imprint that isolates development from compression and the primary perusing since the beginning of the pandemic that was over the series normal, presently at 54.1.

“The Expo 2020 at long last started in the UAE toward the beginning of October and acquired a profoundly welcome upsurge development across the non-oil private area,” said David Owen, financial expert at overview compiler IHS Markit. Exhibition was deferred for a year because of the COVID-19 pandemic.

The yield sub-record rose to 61.1 in October from 57.1 in September while new orders additionally rose notably contrasted with September’s perusing.

“The expansions in both yield and new business were sharp and the most set apart since July 2019. What’s more, the lift to deals drove more organizations to anticipate an ascent in movement throughout the following a year, as idealism leaped to the most elevated level since the start of the pandemic,” Owen said.

Business limit in the non-oil area was under reestablished tension because of rising new requests, prompting a fourth sequential month of developing overabundances of work, yet extending at a barely gentler speed than in September.

Development in the business sub-list was slight and just a bit higher than in September, staying beneath the series normal.

“The vital test for the UAE economy will be whether this underlying inspire sought after from the Expo can be supported throughout the next few months. We likewise stand by to see whether this will reinforce work development, as most recent information showed a curbed pace of recruiting in spite of developing tension on business limit,” Owen said.

Business

Missed your corporate tax? UAE waives penalties for late filers

Published

on

Businesses in the UAE that missed the deadline to register for corporate tax have been given a welcome break. A new decision by the Ministry of Finance (MoF) and the Federal Tax Authority (FTA) waives administrative penalties for those who missed the registration deadline, as long as they meet specific conditions.

To benefit from the waiver, companies must submit their corporate tax returns or annual statements within seven months of their first tax period, in line with the UAE Corporate Tax Law.

Even better, businesses that already paid fines, but now meet the new conditions, will be eligible for refunds, according to the FTA.

This Cabinet-approved move aims to support businesses during the first year of corporate tax implementation, giving them more flexibility to comply with the new rules without facing hefty penalties.

Who’s Eligible?

  • Companies or exempt entities that missed the registration deadline
  • Must file their tax return or annual statement within 7 months of their first tax period

Why It Matters

The waiver reflects the UAE’s intention to ease the transition into the new corporate tax regime and encourage businesses to regularise their status without fear of penalties.

(Source: Wam)

Continue Reading

Business

UAE’s Etihad Airways unveils new travel programme to simplify business trips

Published

on

Etihad Airways has launched a brand-new corporate travel programme designed to make business travel easier, more flexible, and tailored to companies of all sizes.

The announcement was made at Arabian Travel Market 2025, highlighting the airline’s push to offer smarter, more efficient travel solutions for the corporate sector.

Smart Travel for Businessmen

At the heart of the new programme is a digital platform that gives businesses full control over their travel needs. From easy bookings to automated reports and expense tracking, the platform helps companies manage travel faster and more efficiently.

Corporate clients will also gain access to customised benefits based on how much they travel, including:

  • Special corporate rates
  • Priority check-in and services
  • Flexible booking options
  • Dedicated account management for larger businesses

Designed to Grow With You

Javier Alija, Vice President of Global Sales and Distribution at Etihad Airways, said:

“Today’s business world needs travel solutions that are efficient and adaptable.”

Whether you’re a small business looking for better travel rates or a multi-national company needing a fully managed solution, the new programme is built to scale with your needs.

Key Features Companies Can Expect:

  • A corporate travel portal with 24/7 access
  • Performance dashboards and real-time analytics
  • Dedicated support for business travellers
  • Personalised benefits tailored to your company

Continue Reading

News

Dubai’s Jumeirah Beach reopens soon:  Here’s what’s else authorities have planned for the city

Published

on

Good news for beach lovers, Jumeirah Beach is getting a makeover and will reopen this July, just in time for summer in Dubai.

Sharing updates during a recent media event organised by DMO, Bader Anwahi, CEO of the Public Facilities Agency, Dubai Municipality, said that work on the beach is almost done and it will soon be ready for the public to enjoy.

Big Plans for Dubai’s Beaches

The Jumeirah Beach upgrade is part of a bigger Dh355 million project to improve public beaches in Dubai. This includes:

  • Upgrades to Al Mamzar and Jumeirah 1 beaches
  • A floating pedestrian bridge at Al Mamzar (Dubai’s first)
  • A 24/7 night beach in Deira

The goal is to make beaches more enjoyable and easier to access, while also adding new features for residents and visitors.

More Beaches, More Space

Dubai’s long-term plan is to increase public beach areas by 400% as part of the Dubai 2040 Urban Master Plan. Work is moving fast, and Jumeirah 1 Beach is expected to reopen ahead of schedule.

Night-swimming beaches in areas have already seen over 1.5 million visitors since they opened in 2023.

New Community Spaces

The municipality is also building five new community spaces, called majlis venues, in:

  • Nad Al Sheba 2
  • Al Awir 2
  • Al Barsha South 1
  • Al Warqaa 2
  • Hatta

Continue Reading

Popular

© Copyright 2025 HEADLINE. All rights reserved

https://headline.ae/