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.
Thursday Emirates
Bringing you unmatched, in-depth coverage from our elite team of correspondents and sharp-eyed reporters stationed in the Emirates, delivering insights and frontline stories exclusively for Thursday Emirates. We're driven by Karak.
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’s underground nightlife: here are the secret spots only locals know
Explore Dubai’s underground nightlife, from secret speakeasies and hidden rooftop venues to exclusive beach parties and pop-up warehouse events. Discover where locals go to escape the crowds and experience the city’s most offbeat party spots.
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.
Dubai Islamic Bank launches $500m sukuk with competitive 5.25% profit rate
Dubai Islamic Bank successfully issued a $500m Basel III-compliant AT1 sukuk at a 5.25% profit rate, marking the lowest global AT1 spread since 2009.
Dubai’s pistachio chocolate bar: how to score the internet’s most hyped treat
The viral Dubai chocolate bar, featuring creamy pistachio and crispy knafeh, has captivated dessert lovers worldwide with its unique textures and luxurious flavours.
Top 25 things to do in Dubai this Fall 2024: culture, adventure, and hidden gems
From hidden gems like Alserkal Avenue and Jumeirah Fishing Harbour to iconic experiences at the Burj Khalifa and desert safaris, there's something for everyone—explore vibrant art scenes, enjoy camel racing, or unwind at tranquil spots like Al Qudra Lakes or Hatta Dam.
Las Vegas in the Emirates: Inside the UAE’s quiet push to bet big on gaming
The UAE is quietly building a multi-billion-dollar gaming industry, poised to transform its economy and cultural landscape, with major players like Wynn Resorts and MGM leading the way.
Global elite flee Europe for Dubai, the new haven for wealth preservation: Henley
European millionaires are fleeing high-tax regimes for Dubai, now a top destination for wealth preservation, lured by its tax-free benefits and luxurious lifestyle. With Europe tightening tax regulations, Dubai emerges as a haven for the global elite.
Abu Dhabi crowned world’s wealth capital, managing $1.7 trillion in global assets
Abu Dhabi—now the world's richest city—manages US$1.7 trillion in assets, surpassing global competitors like Oslo and Beijing. With diversified investments in sectors like AI, healthcare, and renewable energy, it’s cementing its future as a global financial powerhouse.
