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DUBAI NEWS

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DGCX Announces The GCC’s First Sharia-Compliant Gold Product With INTL FCStone Commodities DMCC As Market Maker
Leaving no stone unturned in the lead-up to the launch of its ambitious Sharia-compliant Spot Gold contract, the Dubai Gold & Commodities Exchange (DGCX) today announced INTL FCStone, a leading international financial services firm, as the market maker for the product.

Dubai Safari Welcomes 175 New Arrivals
Since its establishment, Dubai Safari, home to the most diverse array of animals in the UAE, has offered a safe and friendly home to 175 new-borns representing 30 species.

Federal Tax Authority Calls On Businesses To Benefit From Decision To Waive Late Registration Penalties Until April 30
The Federal Tax Authority (FTA) urged businesses to benefit from the FTA decision to waive administrative penalties for businesses until April 30.

Dubai Wholesale City Signs Agreement With LuLu Group International With A Value Of AED300 Million
Dubai Wholesale City (DWSC)has signed an agreement with LuLu Group International,the top retailer in the Middle East, to set up a AED300 million Central Logistics Hub atthe region’s largest fully integrated wholesale hub.

DEWA Supports Efforts To Reduce Energy, Water Consumption
The Dubai Electricity and Water Authority, DEWA, has recognised customers who have reduced their energy and water consumption levels, as part of the Authority’s endeavours to support Dubai’s sustainability strategies and conserve its natural resources.

Federal Tax Authority Clarifies Liability For VAT In Active Contracts Signed Prior To January 1, 2018
The Federal Tax Authority (FTA) has clarified the criteria that determine whether it is the supplier or end-consumer that bears the cost of the Value Added Tax (VAT) on goods and services set to be delivered fully or partially in 2018, but had been contracted before the implementation of VAT.

Jumeirah To Operate Al Wathba Desert Resort, A New Luxury Destination In Abu Dhabi
Jumeirah, the global luxury hospitality company and a member of Dubai Holding, today announced it has signed an agreement with Abu Dhabi United Hospitality LLC to develop Jumeirah Al Wathba Desert Resort in Abu Dhabi.

Dubai Land Department Partners With International Property Awards
Dubai Land Department (DLD) has partnered with the International Property Awards (IPA), a renowned international awards programme in the real estate sector, to establish a specialised branch of the programme in Dubai called the ’International Property Awards Dubai’ (IPAD).

Dubai Food Festival Celebrates The City’s Top Hidden Gems
The best of Dubai’s undiscovered culinary hotspots were celebrated last week at Etisalat Beach Canteen, as part of Dubai Food Festival 2018.

ENOC Group Awards EPC Contract For Jet Fuel Pipeline To Al Maktoum International Airport
ENOC Group, through its subsidiary Horizon Terminals Ltd, awarded the Engineering, Procurement & Construction (EPC) contract for a 16.2-kilometre jet fuel pipeline that links its storage terminals in Jebel Ali with Al Maktoum International Airport (DWC) in Dubai South.

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