BusinessLatest Business and Company Updates
TAQA seals Al Dhafra power plant deal
Abu Dhabi National Energy Company PJSC and Emirates Water and Electricity Company have completed a Dh3.6 billion financing and development agreement for the Al Dhafra Power Plant, marking a significant expansion of dispatchable power capacity aimed at supporting the emirate’s fast-growing data centre sector. The project underlines Abu Dhabi’s strategy
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Aramco earnings fall as oil prices weaken
Saudi Aramco reported a decline in full-year net profit for 2025, reflecting the impact of lower crude oil and petrochemical prices on the world’s largest energy producer.The company posted net profit of $93.38 billion for the year, an 11.6 per
Common VAT Return Filing Mistakes UAE Businesses Make
VAT filing errors are surprisingly common. Most aren't intentional—they're honest mistakes that happen because the rules are easy to misunderstand or because records are disorganized. The problem is that the tax authority doesn't distinguish between careless errors and intentional fraud.
Sharjah Delivers Strong Returns on $1.5bn FDI Surge
Sharjah has posted a striking upturn in foreign direct investment capital in the first half of 2025, attracting $1.5 billion, a leap of 361 percent compared to $325 million in the same period last year. The emirate also saw the
