Salama Raises Foreign Ownership Limit

Al Islamia Al Arabia Insurance – Salama has capped foreign ownership at 49% of its capital, aiming to strengthen international ties while complying with UAE regulatory standards.

Al Islamia Al Arabia Insurance – Salama announced a change to the allowed foreign ownership in its capital structure, capping non‑UAE shareholders at 49%. This adjustment aims to broaden its international partnerships while staying within regulatory limits.

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2026-01-27T07:24:21+00:00

Big Ticket Kicks Off 2026 with AED 20 Million Guaranteed Prize

In January 2026, Big Ticket, the UAE's leading raffle, is holding a series of draws with a grand prize of AED 20 million, plus BMW and Range Rover cars. Get your tickets now!

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2026-01-27T01:42:22+00:00

Over 7,200 UAE Citizens Received VAT Refund for Home Construction

The UAE's Federal Tax Authority reported that over 7,200 citizen applications for VAT refunds on new home construction were approved last year, totaling 646 million dirhams. The authority highlights this as a sign of increased tax awareness and successful digital government service reforms. In 2025, new simplifications were introduced, including reduced form fields and electronic integration with municipalities.

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2026-01-26T22:35:15+00:00

HSBC Graduates 67 Young Emirati Talents

HSBC has graduated 67 young Emirati talents from its global graduate program, reinforcing the bank's long-standing commitment to developing local skills and supporting the UAE's ambition to build a future-ready workforce.

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2026-01-26T22:31:29+00:00

DP World Handles Record 93.36 Million TEUs in 2025

DP World reports handling 93.36 million TEUs through its global terminals in 2025, marking significant growth and strengthening its position in the global logistics market.