It’s now a lot easier for consumers to check the authenticity of gemstones and precious metals, thanks to a new test developed by the Dubai Central Laboratory (DCL). Specialists at the facility run by Dubai Municipality, have come up with different methods that use laser technology to identify gemstones that might be treated with plastic. […]
Dubai is an ideal destination for entrepreneurs looking to start a drop shipping company. With its high internet penetration and a booming eCommerce sector, it presents unparalleled opportunities for business growth. Establishing a drop shipping business in Dubai holds immense potential and promises a prosperous venture for aspiring entrepreneurs. Drop Shipping business in Dubai is […]
Legal reform is an important part of a modernising nation’s economic prosperity. The provision of an expert legal sector is fundamental to the success of business and commerce, and underpins the very fabric of our society. Located in a civil jurisdiction, Dubai made an admirably daring move almost 20 years ago when setting up the […]
Drivers continue to face increasing fuel costs, with prices up on June. UAE fuel prices are set to rise again. After an initial and significant increase in prices for petrol and diesel in March of this year, prices at the pump are set to rise further in July. With an approximate increase of 11% on […]
The UAE stands as the largest destination for African gold, with the volume of gold traded in the country experiencing significant growth over the years. Dubai, in particular, emerges as a major gold exporter within the region. Consequently, gold trading in the UAE presents a promising business opportunity, attracting numerous key players who already operate […]
UAE drops death sentence for Israeli woman in drug case The lawyer representing an Israeli woman convicted on drug charges in the United Arab Emirates says the UAE has canceled a death sentence issued earlier this year JERUSALEM — The United Arab Emirates has canceled a death sentence issued earlier this year to an Israeli […]
The re-export business in the UAE has been experiencing consistent growth year after year. The trade value of re-exported goods has been showing remarkable growth rates compared to previous years in the UAE. Re-exported goods now account for approximately 45% of the UAE’s total exports. Even in the face of a global economic slowdown and […]
New draft commercial agency law to allow public joint-stock companies with at least 51% of national capital contribution to act as commercial agents: Minister of Economy ABU DHABI, 29th June, 2022 (WAM) — Abdullah bin Touq Al Marri, Minister of Economy, said the new draft federal law on the regulation of commercial agencies allows public […]
To establish a trading company in the UAE as a foreign investor, one must acquire a Trading License from any of the business jurisdictions in the region. This blog aims to provide an answer to the question, “How can one obtain a Trading License in the UAE?” Now is an opportune moment to embark on […]
On 20 June 2022, the UAE Federal Tax Authority (FTA) released a new Public Clarification (Ref. EXTP007) outlining the process of notifying the FTA in cases of deficiency or destruction of excisable goods within a Designated Zone (DZ), and the required process of receiving the approval of Excise Tax relief subject to meeting certain conditions. […]