BusinessLatest Business and Company Updates
UAE moves to ease tax burden on sports bodies
UAE authorities have introduced a targeted corporate tax exemption for specific sports entities, signalling a policy push to deepen the sector’s economic role while aligning regulation with global standards. The Ministry of Finance said Cabinet Decision No of 2026 has been issued under Federal Decree-Law No 47 of 2022
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
ADIA unit backs Asia-Pacific property credit fund
Capital from a subsidiary of Abu Dhabi’s sovereign wealth fund has flowed into a Hong Kong-based private credit manager, signalling continued appetite among Gulf investors for property-linked lending opportunities across developed Asia-Pacific markets. Dignari Capital Partners said a wholly owned unit
Dubai Startup Reinvents Party Planning Marketplace
Dubai’s events sector is being reshaped by a new digital platform aiming to simplify how people organise celebrations. The PartyPlatform, founded by Patrick Narracott, has introduced an online marketplace linking customers directly with vendors, allowing users to either hire full-service
