In a bid to boost tourism in Abu Dhabi, the Department of Culture and Tourism (DCT) has reduced a number of tourism-related fees.
There's a reduction in tourism fees from 6 to 3.5 per cent, municipal fees from 4 to 2 per cent and municipality hotel room fees per night from AED 15 to AED10.
The DCT has also removed all tourism and municipality fees on any tourist attraction tickets sold by the hotels.
Long-term visitors of 30 days or more will be exempted from the daily fee altogether.
Disney plans to cut 1,000 jobs, WSJ reports
Walt Disney is planning to cut as many as 1,000 positions in the coming weeks, many of which will be made in the company's marketing department, the Wall Street Journal reported on Wednesday, citing sources.
UAE reinforces trade flow stability, supply chain resilience
The UAE’s Minister of Foreign Trade, Dr. Thani bin Ahmed Al Zeyoudi, has chaired a high-level coordination meeting in Dubai, bringing together global shipping leaders and maritime industry representatives to tackle ongoing challenges affecting regional supply chains.
Meta unveils first AI model from costly superintelligence team
Meta Platforms on Wednesday unveiled Muse Spark, the first artificial intelligence model from a costly team it assembled last year to catch up with rivals in the AI race.
UAE, Bahrain central banks announce currency swap agreement
The Central Bank of the United Arab Emirates (CBUAE) and the Central Bank of Bahrain (CBB) have announced the establishment of a currency swap agreement with a nominal value of AED 20 billion (BHD 2 billion) and a tenor of five years.
Borouge shareholders approve $1.32 billion 2025 dividend
Shareholders in Abu Dhabi-listed Borouge approved a $1.32 billion dividend for 2025 on Tuesday, as the petrochemicals company reported strong financial performance.
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Pinoy Expat Corner
What inspired the establishment of the Filipino senior citizens group here in the UAE?
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What does someone working on a yacht usually do? Are they often out at sea, and how long do they usually stay there?
