The UAE Federal Tax Authority has broadened the scope of construction-related expenses eligible for VAT refunds for UAE nationals building new homes, in an initiative effective for all claims submitted from 1 January 2026.
Du and Open Innovation AI have signed an MoU to accelerate the adoption of sovereign agentic AI across UAE government entities and enterprises, with the UAE Cyber Security Council as a co-orchestrator of the agreement.
Safeen Drydocks, the joint venture between AD Ports Group and Dubai's Premier Marine Engineering Services, has signed two shipbuilding contracts totalling AED 1.3 billion.
South African investment in Dubai has exceeded AED 1 billion over the past five years, spanning key sectors including information and communications technology, pharmaceuticals, and food industries, according to Dubai Chambers.
Sharjah's property market recorded AED 3.1 billion in real estate transactions across 7,119 deals in May, with total traded area in sales transactions reaching approximately 9.5 million square feet, according to the Sharjah Real Estate Registration Department.
DAMAC Digital has unveiled plans to build an IT capacity landbank of 6,000 megawatts across more than 13 countries, targeting hyper-scale cloud and AI infrastructure demand in North America, Europe, Asia, and the Middle East.
Dubai's Department of Economy and Tourism (DET) has introduced SME in a Box, a unified platform giving entrepreneurs single-point access to essential business services, including licensing, banking, digital payments, logistics, and telecommunications through a curated network of 18 private-sector partners.
The UAE is tracking ahead of its commitment to invest USD 1.4 trillion in the United States by 2035, with the US-UAE Business Council confirming the country has already deployed more than USD 100 billion in the past year alone.
Dubai-listed telecom operator du has established du Ventures, an AED 183 million (USD 50 million) venture capital fund targeting startups and emerging technologies aligned with its core business.
Flydubai has reached a significant milestone since launching in June 2009, having transported more than 137 million passengers and grown its route network to over 140 destinations across 58 countries.
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