Abu Dhabi waives new licence fees, cuts business setup charges at airports free zone

Dubai: The Abu Dhabi Airports Free Zone (ADAFZ) has reduced the fees associated with setting up a business by more than 65 per cent. In a move that could ease the cost of doing business in the UAE, the authority said it is also waiving all licence fees for new companies. Aside from reducing setup […]

RTA confirms electric scooter ban, clarifies it only applies to rentals

Dubai: Dubai’s Roads and Transport Authority (RTA) confirmed on Wednesday that it had banned electric scooter rental companies, but not the private ownership of such vehicles. Gulf News reported on Tuesday that the city’s transport regulator had recently ordered companies like KIWIride, Qwikly, and Skoot Mobility to halt their operations. In a statement on Wednesday […]

UAE non-oil sector, high oil production drive GDP to grow by 4.4% in last quarter of 2018

Abu Dhabi: The UAE’s gross domestic product (GDP) grew by 4.4 per cent in the last quarter of 2018, driven by real growth in the non-oil sector, as well as the rapid growth in oil production, according to the latest estimates issued by the UAE Central Bank. The central bank’s quarterly review showed a slowdown […]