How fast will UAE and Israel take up a double-taxation avoidance treaty?

Dubai: The deals are being signed, takeover bids made, and funds starting to flow in and out – but how soon will the UAE and Israel enter a double-taxation avoidance treaty? Because how soon this is done will matter for those businesses wanting a direct presence in a new market. Typically, such treaties – which […]

UAE ports start to see green shoots of recovery admist pandemic

Abu Dhabi: Increasing consumer demand along with a gradual return to global trade are starting to show signs of a recovery for the UAE’s leading port operators, with officials from both DP World and Abu Dhabi Ports saying they are optimistic on a post pandemic turnaround. “We started seeing some signs of recovery, consumption is […]

Consultancy PwC acquires UAE based Tyconz’s enterprise division

Dubai: The consultancy PwC has entered an ‘asset purchase agreement’ to acquire Dubai-based Tyconz’s Enterprise Business Applications Operations. Tyconz, a gold partner of software giant SAP, has an extensive regional base, with offices in Dubai, Riyadh, Doha, Beirut, Cairo and Kuwait. Completion of the acquisition will be formally completed soon, subject . Through this deal, […]

Virgin Hyperloop gets its first certification centre, in West Virginia

Dubai: The testing and developing is done – now, it’s time to get the next-generation transportation certified. Virgin Hyperloop, in which DP World is a shareholder, is to build a Hyperloop Certification Centre in West Virginia, US. Virgin Hyperloop aims to achieve safety certification by 2025, with commercial operations beginning in 2030. This will be followed […]