Air Arabia, the UAE's low-cost airline, plans to double its fleet capacity within 12 months to strengthen inbound tourism and attract regional and global visitors to Abu Dhabi
The Ministry of Finance has imposed a new tax on foreign companies and non-resident juridical persons from income generated by real estate and other immovable properties, but income from real estate investments earned by foreign individuals or UAE residents will not be subject to corporate tax.
The UAE and Vietnam have started discussing a comprehensive economic partnership agreement to boost bilateral trade, and Dubai Chamber of Digital Economy has attracted 30 startups in the technology sector to boost the development of the digital economy and enhance investor appeal.
The chamber will also host the Expand North Star summit in October as part of its initiative to attract 300 new digital startups in the years ahead.