Opinion

The UAE’s 15% tax shift is less about raising tax and more about keeping it

For decades, the UAE’s tax proposition was simple: zero corporate tax, a free zone ecosystem that made structuring relatively frictionless, and a regulatory environment that kept pace with business. It was, by most measures, a compelling offer. In January 2025, however, the UAE introduced a Domestic Minimum Top-up Tax (DMTT). This was the local implementation

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News

LIFEPharma commits AED 700m to UAE pharma manufacturing

LIFEPharma, part of VPS Healthcare, will invest AED 700 million to develop a pharmaceutical platform at KEZAD.

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News

Oman accelerates EV ambitions with new China-backed plant

Oman’s Khazaen Economic City has signed a deal with China’s Spruce Group to establish a vehicle assembly facility, targeting electric and hybrid production.

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News Real Estate

Abu Dhabi logs AED 13bn April home sales rebound

Abu Dhabi Real Estate Centre reported over AED 13 billion in residential sales across 3,200+ transactions in April, rebounding from March levels.

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News Startup

Udora raises AED 36.7m to scale GCC gifting platform

Udora has secured AED 36.7 million in a private funding round to support expansion and a full brand relaunch.

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Opinion

Built in Dubai: A business designed for growth, flexibility, and opportunity

Dubai has become one of the most active business environments globally, with companies setting up, expanding, and entering new markets at speed. The infrastructure supporting that growth – regulatory, financial, and physical – has kept pace accordingly. Workspace is part of that picture, and how businesses choose to occupy it is shifting. flowork was established

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Economy News

Dubai Financial Market Q1 profit jumps 43% on trading surge

Dubai Financial Market reported Q1 2026 net profit before tax of AED 193.3 million, up 43% from AED 134.9 million a year earlier.

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News Real Estate

Meraas awards AED 2.4bn Dubailand villa contracts

Meraas, part of Dubai Holding Real Estate, has awarded AED 2.4 billion in contracts for new phases of The Acres and The Acres Estates in Dubailand.

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News Real Estate

Saudi Arabia launches USD 2.1bn Jeddah mega housing project

Saudi Arabia has unveiled Jawharat Al Arous, a SAR 8 billion (USD 2.1 billion) private sector residential development in Jeddah spanning 107 million sq m.

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News Real Estate

Dubai removes property floor for investor visas

Dubai Land Department has removed the AED 750,000 minimum property threshold for two-year investor residency visas, allowing any sole property owner to qualify.

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