Economy

Qatar writes off private-sector loans to fuel non-oil business growth

Qatar writes off SME loans to support non-oil economic growth, aiming to boost private sector viability and ease banking pressures.

Abu Dhabi

UAE exempts crypto transfers, conversions from 5% VAT surcharge

The UAE exempts cryptocurrency transfers and conversions from VAT, effective from November 2024, with retroactive application from 2018.

Dubai

Dubai RTA’s auction raises 70 million dirhams with exclusive vehicle plates

Dubai's RTA raked in millions from its latest auction, with premium vehicle plates like AA17 fetching over AED8 million. The auction showcased rare plates, drawing bidders seeking symbols of prestige and individuality.

Dubai

Al Maktoum International: Inside Dubai’s $35bn future-proof airport replacing DXB

Dubai’s Al Maktoum International Airport is set to become the world’s largest, replacing DXB within 10 years. With a $34.8 billion investment, it will handle up to 260 million passengers annually, transforming Dubai into a global aviation and logistics hub.

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