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Waha Capital Sells Stake In Healthcare Diagnostics Firm

Waha Capital has sold its stake in Proficiency Healthcare Diagnostics to Al Borg Medical Laboratories, the largest chain of private laboratories in the Arabian Gulf region.Waha Capital, in which Mubadala Investment Company has a 15% shareholding, completed the deal... (contd.)
EDB allocates $450 million to SMEs

UAE Offers Emirati-led SMEs A 450 Million Dirham Boost

The UAE's primary government lender will allocate a majority of its budget next year to support the country's under pressure small and medium enterprises (SMEs) sector.Emirates Development Bank (EDB), which lends only... (contd.)
Mubadala Tech Investments

Abu Dhabi’s Wealth Fund Ramps Up Tech Investments

Abu Dhabi's national wealth fund Mubadala is ramping up tech investments as part of its partnership with Japan's SoftBank, a key official from the firm revealed this week.According to Waleed al-Muhairi,  deputy group CEO... (contd.)
UAE tax launch

Post VAT, UAE Exploring New Taxes (No Income Tax, Though)

The United Arab Emirates (UAE) is considering introducing new taxes post the launch of the Value Addex Tax (VAT), the UAE Ministry of Finance has said.These taxes would be explored and implemented... (contd.)

UAE Retailers Are Being Warned Against Fudging Prices Ahead Of VAT

Inspectors are reportedly already monitoring retail prices ahead of the introduction of the VAT, which comes into force in the UAE on January 1, 2018.This means that retailers in Dubai who begin charging VAT... (contd.)
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GCC Economic Growth

Gulf Countries Can Expect To See Economic Growth In 2017, Swiss Bank Says

GCC countries can expect their economies to rebound as they adjust to a new normal of lower oil prices and an expected resurgence in global economies, analysis from a Swiss bank has... (contd.)

Saudi’s Non-Oil Private Sector Is At An All-Time High

November data from Emirates NBD Saudi Arabia PMI signaled a strong upturn in the Saudi Arabia non-oil private sector.Steep output and new order expansions contributed to the latest positive result.Meanwhile, foreign demand... (contd.)
Choosing the right option will not only better your chances of attracting the best investor for your operation, but may even help you avoid issues in the future.

These Are The 10 Proven Secrets Of The Truly Wealthy

Many people dream of being very wealthy, fantasizing about the comfort and freedom lots of money can bring. Often, those fantasies involve the demise of a rich uncle or the discovery that... (contd.)
Bayzat raises funding

Bayzat Raises Additional $5 Million To Boost Growth

UAE-based HR and insurance platform Bayzat has announced that it has raised $5 million in funding as part of a Series A-1 round from a consortium of new and existing investors.According to a statement,... (contd.)
UAE VAT law

Sign Up For VAT ASAP Or Face Dhs20k Fine, UAE Businesses Warned

UAE's primary tax authority is urging businesses to sign up for the Value Added Tax (VAT) as soon as possible and not to run afoul of the tax deadline.In a statement, the... (contd.)
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