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DUBAI NEWS

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Opening Tunnel Linking Happiness St With Meydan St
On Friday, July 20, 2018, Dubai Roads and Transport Authority (RTA) will open a 420m tunnel providing a left-turn from the Happiness Street to Al Meydan Street. The tunnel is part of the recently opened Phase II of the Parallel Roads Improvement Project at the Business Bay District.

"Kids Fly For Less" With Flydubai This Summer
flydubai today launched a special summer offer for families where children accompanied by their parents can fly from AED 10 plus taxes and surcharges to select destinations on the flydubai network.

Dubai Duty Free Tops Dhs 3.671 Billion (US$1 Billion) In First Half Of 2018
Dubai Duty Free has announced a 10% increase in sales for the first half of the year with turnover reaching Dhs3.671 billion (US$1 billion) and placing the operation well on track to reach Dhs7.400 billion (US$2 billion) by year-end.

DP World Signs Agreement To Boost International Trade
An agreement to jointly construct a new ’Traders Market’ at DP World’s flagship Jebel Ali Port and Free Zone in Dubai on a total build up area of three million square metres has been signed between the global trade enabler and the Zhejiang China Commodities City Group.

Mashreq Net Profit In The First Half Of 2018
Mashreq, one of the leading financial institutions in the UAE, today has reported its financial results for the first half ending 30th June 2018.

Ministry Of Health & Prevention Hosts ’Art For Health’ Awards
The Ministry of Health and Prevention (MOHAP) held the closing ceremony of the ’Art for Health 2018’ competition. The winners were awarded in the presence of H.E. Dr. Hussein Abdul Rahman Rand, Assistant Undersecretary for Health Centers and Clinics; and Dr. Fadila Sharif.

Federal Tax Authority Calls On Persons Dealing With Commercial Real Estate To Settle VAT On Sale Before Transfer Of Ownership
FTA Director General His Excellency Khalid Ali Al Bustani explained that the tour sought direct communication with Persons working in or concerned with the real estate sector to raise their awareness of tax procedures, respond to their queries.

DED Conducts Compliance Awareness Workshops For DHCC Companies
The Commercial Compliance & Consumer Protection (CCCP) sector in the Department of Economic Development (DED), Dubai, conducted awareness workshops for 44 companies operating in the Dubai Healthcare City (DHCC) following a co-operation agreement signed between the two entities.

Asteco Reports Further Decrease In Rental Rates, Sales Prices Across Dubai
Asteco, a leading property services company in the UAE, has recorded a continued decline in villa and apartment rental rates and sales prices in its Dubai Real Estate Report Q2 2018. The quarterly report also highlights the current and anticipated handovers of key projects across the emirate.

Dubai Wins Bid For The World’s Biggest B2B Event For Destination Weddings Industry
Dubai has been announced as the winner of the bid to host the 2019 edition of the biggest annual international gathering of destination wedding industry, the Destination Wedding Planners (DWP) Congress, which is set to take place at the iconic Atlantis, The Palm hotel.

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