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Mohammed Bin Rashid Increases Dubai World Cup Prizemoney To $35 Million (25 July 2018)
His Highness also issued directives to increase the total prizemoney given away at other races held at the Meydan Racecourse to USD1.83 million (AED6.7 million), effective from the 2018-2019 racing season.

Dubai Culture To Launch 12th Edition Of ’Dubai Festival For Youth Theatre’ (25 July 2018)
Dubai Culture & Arts Authority (Dubai Culture), the Emirate’s dedicated entity for culture, arts, heritage and literature, has announced its preparations for the 12th edition of the ’Dubai Festival for Youth Theatre’ for 2018.

Dubai Set To Draw More Saudi Visitors Following Strategic Alliance With Al Tayyar Travel Group (25 July 2018)
Dubai’s Department of Tourism and Commerce Marketing (Dubai Tourism) and Al Tayyar Travel Group, Saudi Arabia’s leading travel and tourism company, have formed a strategic alliance with the aim of further enhancing Dubai’s position as the preferred destination for Saudi visitors.

DXB Traffic Rises To 43.7 Million In H1 Following 11.7% Uplift In June (25 July 2018)
Propelled by a double-digit surge in traffic in June, passenger numbers at Dubai International (DXB) topped 43.7 million in the first half of 2018, according to the traffic report issued today by operator Dubai Airports.

DP World To Build And Operate New Logistics Hub In Mali (25 July 2018)
Global trade enabler DP World has signed a 20-year concession with an automatic 20-year extension with the Republic of Mali to build and operate a 1000-hectare modern logistics hub outside of Bamako, the capital and largest city of Mali.

Dubai Chamber Opens A Representative Office In The Republic Of Panama (25 July 2018)
Dubai Chamber of Commerce and Industry (Dubai Chamber) has announced the opening of a representative office in the Republic of Panama. The new office has been established to strengthen Dubai Chamber’s presence in Latin America.

Mohammed Bin Rashid Increases Dubai World Cup Prize Money To $35 Million (25 July 2018)
His Highness also issued directives to increase the total prize money given away at other races held at the Meydan Racecourse to USD1.83 million (AED6.7 million), effective from the 2018-2019 racing season.

Federal Tax Authority Classifies ’Eligible Goods’ For Calculating VAT As Per ’Profit Margin Scheme’ Into 3 Categories (25 July 2018)
The Authority asserted that only those goods, which had been subject to VAT before the supply in question, may be subject to the profit margin scheme. The profit margin is defined as the difference between the buying and selling price of an item, and is inclusive of taxes.

Techstars Dubai Accelerator In Partnership With GINCO Opens Applications For 2nd Class Hosted At Dubai’s Area 2071 (25 July 2018)
Building on the success of the inaugural class of Techstars Dubai in Partnership with GINCO, Techstars, GINCO Investments.

Adventure And Style Take Centre Stage In Centrepoint’s Back-To-School Collection (25 July 2018)
Centrepoint, the one-stop fashion destination for an aspiring generation of shoppers across the Middle East, has launched its back-to-school collection, making stylish school essentials easily accessible to all.


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