The deal gives Audi capital to build out its team and infrastructure at its F1 development sites in Neuburg, Germany, and Hinwil, Switzerland. Audi is preparing to enter the competition in 2026,…
Tag: Authority
Federal Tax Authority offers grace period for March 2025 tax registrations
Granting a grace period for administrative penalties for registrants who have failed to update their tax record information was issued by the Cabinet; it stipulates that in the event where penalties were…
Dubai’s DWTC Authority expands Free Zone jurisdiction to include One Za’abeel
Dubai: Dubai World Trade Centre Authority (DWTCA) has expanded its free zone jurisdiction to include One Za’abeel. The expansion was formalised with the enactment of Decree No. 18 of 2024, issued by…
Federal Tax Authority issues new corporate tax guide on Free Zone
The guide includes many examples to assist Businesses with understanding how the key elements of the Corporate Tax Law apply to Free Zone Persons. The guide also includes an explanation of the…
ATM 2024: PIF-backed Riyadh Air and Saudi Tourism Authority partner to enhance travel experience for passengers
STA CEO Fhad Hamidaddin said, “Increasing Saudi Arabia’s connectivity with the world is a crucial pillar of our tourism strategy. It will ensure we sustain our rapid growth and meet our new…
Abu Dhabi's ADQ launches $180m tech fund along with Oman Investment Authority
Dubai: The Abu Dhabi investment company ADQ has launched a $180 million tech-focused fund along with Oman Investment Authority, represented by the ITHCA Group. This deal is part of broader framework agreement signed…
AD Ports Group, Red Sea Port Authority sign 15-year agreement to boost cruise tourism in Egypt
The concession agreement was initialled in the presence of Lieutenant-General Eng. Kamel El Wazir, Egypt’s Minister of Transport, by Major General Mohamed Abdel Rahim, Chairman of the Board of Directors of the…
New Accountability Authority set up to lead UAE anti-corruption audits
Abu Dhabi: A new UAE Accountability Authority will be established to replace the Supreme Audit Institution, according to a federal decree issued by the President His Highness Sheikh Mohamed bin Zayed Al Nahyan. The…