CATEGORIES

Pillar 2 implementation in UAE: One step at a time

With the introduction of VAT in 2018, followed by Economic Substance Regulations in 2019, anti-money laundering compliances in 2020, and corporate tax in 2022, the UAE has consistently demonstrated its commitment to becoming a compliant and transparent economy.

Survivors count the mental cost of Los Angeles fires

When the Pacific Palisades neighborhood of Los Angeles went up in smoke, Alexander Swedelson lost not only his apartment, but also a bit of his identity: the flames ravaged his businesses he loved, the trails he ran, and even the place he fished.

Thousands refuse evacuation despite Indonesia's volcano eruptions

Thousands of people declined on Thursday a government-led evacuation in eastern Indonesia where a volcano has been spewing smoke and ash, arguing that they are accustomed to the eruptions.

GCC's longest 'green river' to come up in Dh3.5B Sharjah realty project

Sharjah will get the longest 'green river' in the Gulf region as a new Dh3.5-billion (nearly $1-billion) mixed-use project has been launched by Kuwait Real Estate Company (Aqarat) and IFA Hotels and Resorts.

It's more than just walls, it's our legacy: Dubai expats

Dubai residents hailing from Gaza are faced with difficult decisions about rebuilding their homes as the ceasefire remains tenuous. For some, their cherished homes are a piece of heritage that they are determined to guard while for others, it is just a building that is pointless to just rebuild.

S. Korea's impeached leader refuses questioning and challenges arrest

The lead paragraph contains an error - it mentions 'President Yoon Suk Yeol' when the article is about a different impeached leader

Philippines and China pledge to seek common ground on South China Sea

The Philippines and China agreed to seek common ground and find ways to cooperate despite their disagreements in the South China Sea, their foreign ministries said on Thursday, as heated rows persist over vessels deployed around disputed features.

Virtual assets create new challenges

The criminal use of virtual assets is posing new challenges in combating money laundering and illicit fund transfers, said experts at the inaugural Intersec 2025 Policing Conference that concluded on Thursday at the Dubai World Trade Centre (DWTC).

Gerard Butler recalls 300 co-stars went to hospital 'every day'

In an interview with People magazine, Gerard Butler recalled the challenges faced during the filming of Zack Snyder's directorial 300 and how many of his co-stars were taken to the hospital due to injuries. Butler starred as the King of Sparta in the film. Other actors included Lena Headey, David Wenham, and Dominic West.

McIlroy's record at Emirates Golf Club makes him the one to beat

This week, we are in Dubai for the first tournament of 2025 - the $9 million Hero Dubai Desert Classic, a Rolex Series Event on the DP World Tour and the 2024-25 Race to Dubai.

Meydan awards Dh529M contract for new project

Meydan, a member of Dubai Holding Real Estate, has awarded a Dh529 million contract to Bhatia General Contracting Co for the construction of Naya at District One, nestled in the Mohammed Bin Rashid Al Maktoum City.

UK anti-graft minister quits over ties to ousted Bangladesh PM

The British minister responsible for financial services and fighting corruption resigned on Tuesday after weeks of questions over her financial ties to her aunt Sheikh Hasina, ousted Bangladesh PM.

Guardiola rues missing players as Man City out-muscled by Brentford

Manchester City coach Pep Guardiola blamed the fact that he is missing key players for his side's late capitulation against Brentford in the Premier League on Tuesday as the Bees came from 2-0 down to grab a 2-2 draw.

Edgy Ancelotti not in the mood to talk after heavy Barcelona loss

Real Madrid manager Carlo Ancelotti was not in a talkative mood ahead of his side's Copa del Rey last-16 clash at home to Celta Vigo on Thursday, dodging questions about their 5-2 loss to Barcelona in the Spanish Super Cup final on Sunday.

Gulf fintech investments to bounce back this year

Investments in Gulf fintech firms are expected to recover in 2025 as the resilient global economic outlook for the year is set to revive investor sentiment towards the sector, a report showed on Wednesday.

Billionaires Musk, Bezos, Zuckerberg to attend Trump's inauguration

Billionaires Elon Musk, Jeff Bezos and Mark Zuckerberg will attend Donald Trump's inauguration next week, NBC news reported on Tuesday, further highlighting the tech moguls' efforts to develop closer ties with the incoming president.

EU unveils plan to protect hospitals from rising cyberattacks

The European Union announced urgent new measures on Wednesday to tackle the growing threat posed to hospitals and the broader healthcare sector by a surge in cyberattacks

Pakistan's Imran Khan defiant even as longer sentence looms

Imran Khan, Pakistan's most popular politician, is facing a 14-year prison term this month in a case his party says is being used to pressure him into silence.

Rising Czech star throws down the gauntlet

Czech teenager Jakub Mensik sent three-time Grand Slam finalist Casper Ruud tumbling out of the Australian Open on Wednesday and then warned: \"New blood is coming.\" The Norwegian sixth seed had no answers to the power and intensity of the 19-year-old as he became the highest men's seed to fall.

India's struggling batters return to domestic cricket looking for form

The Ranji Trophy has benefited from an unexpected sprinkling of stardust with several big-name India batters returning to domestic cricket looking to find form after their horror run over the last three months.

Amorim welcomes the pressure to perform as Man United coach

The pressure to deliver can be the key to turning Manchester United's season around, coach Ruben Amorim said on Wednesday as his team looks to end a four-match winless run in the Premier League when they face league leaders Arsenal.

Energy ministry official rules out tariff hikes on water, electricity

There won't be any need to increase water and electricity tariffs to save water and energy consumption due to progress in reduction so far, said a UAE Energy Ministry official on Wednesday.

TRUCE, AT LAST

Thousands of Gazans and Israelis celebrate and welcome deal aimed at ending more than 15 months of war

Dhanush shares new Idli Kadai posters with fans

Tamil actor and filmmaker Dhanush has announced that his fourth directorial venture, Idli Kadai, will hit theatres in April. The film stars Dhanush alongside Indian National Award-winning actress Nithya Menen.

Now, a Crypto Tower in Dubai to cater to blockchain companies

Construction of the tower is expected to be completed by Q1 2027, with operations set to begin shortly thereafter

Price surge may moderate as Dubai set to add 72,000 housing units

After setting new benchmarks in 2024, Dubai's real estate market is poised for stabilisation as the population grows and over 72,000 residential units are set to enter the market in 2025.

UAE residents more willing to spend on experiences

Eighty five per cent of UAE resi- dents are seeking an 'experience' at least once a month, a study showed. A fifth do so every day. Shamal, a diversified investment firm based in Dubai, has launched a new white paper entitled 'Un- derstanding the UAE's Experience Economy' dissecting the dynamic nature of the experience industry in Dubai and the wider Emirates.

Russia targets Ukraine gas infrastructure with missiles

Russia launched scores of missiles and drones at Ukraine on Wednesday, targeting energy infrastructure and other gas facilities in western regions in a new barrage against the struggling power system in the depths of winter.

Parkin to capitalise on Dubai growth

Parkin is well-positioned to capitalise on Dubai's robust economic growth, ambitious urban expansion plans and corresponding population increase, the company's CEO said.

Sundance Film Festival to proceed amid blaze

The Sundance Film Festival is set to proceed as scheduled in Park City, Utah on January 23, even as wildfires rage across Los Angeles.