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Microsoft sees cloud business development, however supply hardships proceed for Xbox

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Microsoft Corp (MSFT.O) on Tuesday estimate a solid finish to the schedule year because of its flourishing cloud business yet said store network troubles will keep on hounding key units like those delivering its Surface PCs and Xbox gaming consoles.

The organization beat Wall Street assumptions for its clench hand quarter finished Sept. 30, with pandemic-incited interest for the product monster’s cloud-based administrations driving deals.

Agreements for cloud administrations given by Microsoft, Amazon.com Inc’s (AMZN.O) AWS and Alphabet Inc-claimed (GOOGL.O) Google Cloud have flooded since last year when the COVID-19 pandemic shut workplaces and schools, pushing greater movement on the web.

First-quarter income development for Azure, the organization’s lead distributed computing business, came in at 48% in steady cash to beat investigators’ assessments of 47.5%, as per agreement information from Visible Alpha. Amy Hood, leader VP and CFO of Microsoft, said that the organization additionally anticipated “wide based development” for the unit in the financial second quarter.

Sky blue’s development rate is the best immediate proportion of rivalry with adversaries, for example, AWS and Google Cloud as Microsoft doesn’t break out income from the distributed computing unit.

Microsoft seemed to hold off Google Cloud’s rising test. Google Cloud said on Tuesday its income flooded by 45% to $4.99 billion, yet neglected to satisfy appraisals of $5.2 billion.

Income at the company’s other specialty units that house Windows programming, the Teams informing administration and LinkedIn proficient interpersonal interaction stage likewise beat expert assumptions.

The store network issues influencing a significant part of the worldwide tech industry had blended ramifications for Microsoft.

Hood said Microsoft has kept on expanding its distributed computing edges in spite of higher server farm development costs since it holds adding more beneficial administrations to those server farms. Hood additionally said that the organization had the option to transport more Xbox S and X gaming consoles than it expected in the primary quarter – deals of gaming control center and frill were up 166% as the companycontinued to see solid interest for new models after the pandemic constrained millions to look for diversion at home.

In any case, Microsoft and its adversaries have been not able to stay aware of interest in light of the worldwide chip crunch. Hood told Reuters the organization expects Xbox request to keep on surpassing stockpile in the organization’s subsequent quarter, which incorporates Christmas.

She additionally said that deals of the organization’s Surface PCs, which declined 17% in the monetary first quarter, were probably going to continue to soak in the subsequent quarter, with production network deficiencies hitting premium things in the setup.

Microsoft’s income from offering Windows to PC creators developed 10% year over year, beating the general PC market, which just became 3.9% over a similar period in view of supply requirements, as per information from IDC.

Hood said that the organization had the option to beat in the PC market in view of its solidarity in selling licenses for Windows bound for corporate clients, where it gets more income per permit and has better piece of the pie.

Generally, income rose 22% to $45.32 billion in the main quarter finished Sept. 30, beating assumptions for about $43.97 billion.

Overall gain rose to $20.51 billion, or $2.71 per share. The organization said its outcomes incorporated a $3.3 billion overall gain tax reduction.

On a changed premise it acquired $2.27 per share, besting expert assumptions for $2.07 per share.

For the monetary second quarter, Microsoft anticipated a midpoint of $18.23 billion in income for its wise cloud business for the financial second quarter, above evaluations of $17.84 billion, as indicated by Refinitiv information.

First-quarter income from “Shrewd Cloud” flooded 31% to $17 billion. Investigators had expected a figure of $16.58 billion, as per Refinitiv information.

Microsoft’s conjecture for its product application and Windows driven portions with midpoints of $15.83 billion and $16.55 billion, individually, were additionally above Refinitiv assessments of $15.40 billion and $15.51 billion.

Portions of the organization, which have risen almost 40% this year, were imperceptibly up in expanded exchanging.

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UAE launches new digital platform to manage federal government real estate

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The UAE Ministry of Finance has launched a new digital system to centralise and manage data on all federally owned real estate, marking another step in the country’s push to modernise public asset management and strengthen governance.

The platform, known as the Federal Government Real Estate Assets Platform, will act as a unified electronic registry for federal government properties. It is designed to document, update and classify real estate data, while linking assets directly to financial and operational systems across the federal government.

The ministry said the launch fulfils the requirements of Article 18 of Federal Decree-Law No. 35 of 2023 on Union-Owned Properties, which mandates the creation of a federal electronic registry for government real estate.

Supporting digital transformation

Younis Haji AlKhoori, Undersecretary at the Ministry of Finance, said the platform is designed to strengthen regulation, governance and oversight of federal real estate assets, while supporting the UAE government’s wider digital transformation agenda.

By automating real estate-related processes, the system aims to improve data accuracy and provide better insights for policymaking, planning and long-term asset management.

Federal entities can use the platform to register and update property data under standardised classifications, manage leasable spaces, and submit real estate-related requests through automated workflows. These include inspections, transfers, sales, demolitions and structural changes to properties.

The platform also integrates with other federal systems to ensure records remain up to date, while generating reports and performance indicators to support evidence-based decision-making.

Linking real estate and financial data

Mariam Mohamed Al Amiri said the platform was developed to unify real estate data across federal bodies and connect it directly to financial and operational procedures, helping improve planning, expenditure control and transparency.

The system records both financial and non-financial data, including property values, depreciation, operating costs, location, condition and technical specifications. It also stores digital documents such as architectural drawings, site maps and contracts.

A new four-tier classification structure, covering sites, buildings, floors and individual units, standardises how government real estate is recorded and enables faster access to information.

From paper to digital

According to the ministry, the platform replaces paper-based procedures with a fully digital framework that supports real-time tracking, automated approvals and structured lease management, including contract creation, amendments and terminations.

Officials said the move will improve the efficiency of federal real estate use, enhance governance and support long-term planning of government-owned properties as part of the UAE’s broader digital government strategy.

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UAE VAT rules are changing in 2026: Here’s what businesses need to know

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The UAE’s Ministry of Finance has announced a new set of amendments to the country’s VAT law, with the revised rules taking effect on January 1, 2026. The changes are designed to make the tax system easier to use and more aligned with international best practices.

In a statement, the Ministry said the move supports the UAE’s ongoing efforts to streamline its tax framework and improve administrative efficiency. The updates are also designed to provide businesses with greater clarity and reduce unnecessary paperwork.

Simpler filing, fewer steps

One of the biggest changes removes the requirement for businesses to issue self-invoices when using the reverse charge mechanism. Instead, companies will simply need to keep the usual documents that support their transactions, such as invoices, contracts and records, which the Federal Tax Authority (FTA) can review when checking compliance.

According to the Ministry, this adjustment “enhances administrative efficiency” and provides clear audit evidence without placing extra paperwork burdens on businesses.

Five-year window for VAT refunds

The updated law also introduces a five-year limit for claiming back refundable VAT after accounts have been reconciled. Once this period ends, businesses lose the right to submit a claim. Officials say this helps prevent long-delayed refund requests and gives taxpayers more certainty about their financial position.

Tighter rules on tax evasion

To protect the system from misuse, the FTA will now have the authority to deny input tax deductions if a transaction is found to be linked to a tax-evasion arrangement. This means businesses must ensure the supplies they receive are legitimate before claiming input VAT.

Taxpayers are expected to verify the “legitimacy and integrity” of supplies as part of these strengthened safeguards.

Supporting a competitive economy

The Ministry said the amendments will boost transparency, ensure fairness across the tax system and support better management of public revenue. The updated rules also aim to maintain the UAE’s competitive edge while supporting long-term economic sustainability.


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Dubai launches new permit to help free zone firms do business on the mainland

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Businesses in Dubai’s free zones can now trade more easily on the mainland, thanks to a new Free Zone Mainland Operating Permit announced on Wednesday by Dubai’s Department of Economy and Tourism (DET).

The move is designed to simplify and make it more cost-effective for companies to operate across jurisdictions, providing them with access to domestic trading opportunities and government contracts, previously available only to mainland-licensed firms.

“This initiative cements Dubai’s position as a benchmark for regulatory innovation,” said Ahmad Khalifa AlQaizi AlFalasi, CEO of Dubai Business Registration and Licensing Corporation. “We’re enhancing ease of doing business and opening new avenues for growth, from domestic trading to government tenders.”

What the Permit Offers

  • Cross-border flexibility: Free zone companies can now engage in mainland activities without setting up a separate mainland entity.
  • Low-cost entry: The permit costs Dh5,000 for six months and is renewable for the same fee.
  • Talent mobility: Firms can use their existing staff for mainland operations without hiring additional employees.
  • Tax compliance: Revenue earned from mainland activities will be subject to the 9% corporate tax, with companies required to maintain separate financial records as per Federal Tax Authority (FTA) rules.

Who Can Apply

The first phase of the permit covers non-regulated sectors, such as:

  • Technology and IT services
  • Consultancy and design
  • Professional services
  • Trading

Plans are in place to extend the permit to regulated sectors in the future.

Eligible businesses must have a Dubai Unified Licence (DUL). They can apply online via the Invest in Dubai (IID) platform, ensuring a quick and hassle-free process for SMEs, startups, and larger enterprises.

Big Boost for Businesses

DET expects the initiative to increase cross-jurisdiction activity by 15–20% in its first year, benefiting over 10,000 active free zone firms.

By enabling free zone companies to integrate more closely with domestic supply chains, the permit opens doors to billions of dirhams worth of government tenders and contracts, creating new opportunities for growth, innovation, and job creation.

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