Dubai , June 24, 2026 :

Ruggieri and Novara aim to bring innovative and never before experiences in fireworks, special effects and multimedia productions to the region, by leveraging Ruggieri’s 300 years of experience and excellence. 
Dubai , June 24, 2026 : Ruggieri, the global leader in pyrotechnic design and technology, and Novara Events Management, a dynamic player in the events industry, today announces a project-based collaboration aimed at elevating immersive entertainment experiences for key events across the GCC region.

This technical alignment pairs Ruggieri’s centuries-old heritage and technical mastery with Novara Events Management’s operational agility. Together, both entities intend to meet the growing demand for bold, high-impact scenography and innovative visual storytelling for premium events.

The collaboration will help accelerate the growth of the region’s vibrant events industry – exhibition, conference, seminar, concerts and festivals – that employs more than 100,000 professionals and contributes to the local economies in a very big way.

The event management market in the GCC is on a rapid growth trajectory, expecting to reachUS$120.73 billion by 2029, growing at a CAGR of 9.06 percent during the forecast period (2024-2029), as per Mordor Intelligence. Several key factors drive this growth, including substantial infrastructure investments, a burgeoning tourism sector, and a strategic push for economic diversification.

Dubai’s business events and exhibitions sector, on the other hand, is a multibillion-dollar economic engine, generating a record Dh25.03 billion (US$6.8 billion) in economic output and adding Dh14.66 billion (US$4 billion) directly to the emirate’s GDP. It supports over 94,000 jobs and attracts more than 2.18 million annual attendees.

For Ruggieri, this initiative is part of a broader strategy to expand its ecosystem of trusted regional partners. By collaborating with specialized agencies, the French experts in bespoke and monumental fireworks displays continues to strengthen its presence in the Middle East expanding the activities of their office in UAE while maintaining the flexibility to deliver world-class shows through high end products, cutting edge designs and technologies operated by highly trained professional.

Novara Events Management is a leading experiential entertainment company with more than 19 years of expertise in the region, specializing in the creation of original IP-driven events and immersive live experiences. Beyond traditional festivals, Novara develops large-scale entertainment concepts that combine storytelling, multimedia production, live performances, technology, and pyrotechnics to deliver world-class audience experiences. With a strong regional presence and a commitment to innovation, Novara continues to redefine entertainment by creating impactful destination events that blend creativity, culture, and operational excellence.

Franck Planchenault, General Manager of Ruggieri Middle East, stated, “We are delighted to team up with Novara Events Management on these initiatives. Integrating our artistic expertise with new operational networks allows us to explore complementary creative solutions. This project reflects our ongoing commitment to working with diverse local partners to deliver world-class experiences defined by excellence and innovation.”

This collaboration marks the beginning of a constructive technical dialogue between the two houses, dedicated to advancing the art of pyrotechnics and multimedia performance in the region.

Laila Merchant, CEO of Novara Events Management, stated, “At Novara, we believe the future of live entertainment lies in creating immersive experiences that go far beyond traditional celebrations. Our collaboration with Ruggieri Middle East represents a new era of IP-driven events where pyrotechnics, storytelling, technology, and multimedia production come together to deliver unforgettable moments for audiences across the region. 

“This partnership is not only about fireworks  it is about crafting complete experiential journeys that combine creativity, innovation, and world-class execution on a scale never seen before.”

Dubai , June 23 , 2026 : H.H. Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, has inaugurated Mohamed bin Zayed City Passenger Train Station in Abu Dhabi and witnessed the unveiling of the UAE passenger rail network, which is set to launch on 30th September 2026.

H.H. Sheikh Khaled toured the station’s key facilities and amenities and reviewed its information management systems and operational readiness procedures.

He was also briefed on the station’s advanced infrastructure, future plans to increase capacity, measures to facilitate passenger movement during peak hours, and the smart solutions and customer service offerings designed to deliver the highest standards of operational efficiency and service excellence.

H.H. Sheikh Khaled bin Mohamed bin Zayed Al Nahyan affirmed that the passenger train project reflects the UAE’s vision for a fully integrated transport network, enhancing inter-emirate connectivity, supporting sustainable growth through the efficient movement of people and goods, and opening new horizons for investment, tourism and urban development.

He underscored that the project is a strategic investment that advances the Projects of the 50 by delivering world-class infrastructure, while enhancing the UAE’s comprehensive development journey and strengthening its long-term competitiveness and global standing.

H.H. Sheikh Theyab bin Mohamed bin Zayed Al Nahyan, Deputy Chairman of the Presidential Court for Development and Fallen Heroes’ Affairs and Chairman of Etihad Rail, highlighted that the passenger rail network marks a transformative milestone in the development of the UAE’s national transport ecosystem by harnessing the latest technologies and innovations to deliver an advanced mobility system that provides a modern, safe and highly efficient travel experience.

He added that the network’s multiple stations, together with their seamless integration with other means of transport, will enhance connectivity between cities and key destinations while providing passengers with more convenient and flexible travel options that meet the evolving needs of the community and support rapid urban development across the UAE.

The launch of the passenger rail network marks a new chapter in the UAE’s infrastructure development, extending beyond conventional transport to establish integrated urban and economic connectivity, linking population centres, economic hubs and tourism destinations across the country.

An introductory operational phase of passenger rail services between Abu Dhabi and Fujairah will commence on 30th June 2026, cutting the journey time to just 1 hour and 45 minutes.

Dubai Train Station and Al Dhaid Train Station will open with the official launch on 30th September 2026, followed by stations in Al Dhafra on 30th December 2026.

The route will be complete upon the opening of Sharjah Train Station on 30th March 2027.

As part of the next phase of the project, feasibility studies will be undertaken to evaluate the expansion of the passenger rail network to additional emirates, further advancing the UAE’s vision of a fully integrated national transport system.

Fares on the Abu Dhabi–Fujairah route will start at AED55 for Comfort Class and AED120 for Premium Class. The passenger rail fleet comprises 13 trains, each with a capacity of up to 400 passengers. Customers will be able to book journeys and purchase tickets through a range of convenient channels, including the Etihad Rail mobile application and official website, from 23rd June 2026.

The launch of passenger rail services comes less than five years after the UAE announced its vision for developing the UAE Railway Programme, which includes the passenger train project, as part of the Projects of the 50 in 2021.

Delivering the project ahead of schedule demonstrates the UAE’s exceptional capabilities in executing major national infrastructure projects at pace, translating long-term strategic visions into tangible outcomes and creating new opportunities for individuals, businesses and investors across the UAE.

Passenger rail services will be operated by Etihad Rail Passenger Services, a joint venture between Etihad Rail and Keolis, one of the world’s leading passenger transport operators. The partnership combines international expertise in railway operations with national capabilities in transport management to deliver an exceptional operating model that enhances service quality and provides passengers with a world-class travel experience.

The passenger train stations will also offer a comprehensive hospitality experience through cafés, restaurants, retail outlets and several international brands, in addition to onboard dining options, providing an integrated travel experience that combines comfort and convenience while meeting the expectations of citizens, residents, visitors and investors, in line with the highest standards of excellence in the transport and logistics sector.

The UAE Railway Programme reflects the UAE’s vision of building an integrated national transport ecosystem that serves as a key driver of sustainable economic and social development through three core pillars: freight services, passenger rail services and integrated transport solutions.

In collaboration with its mobility sector partners, Etihad Rail continues to develop a seamlessly connected transport ecosystem that integrates multiple modes of mobility, strengthening the nation’s competitiveness as a global logistics and economic hub, enhancing supply chain efficiency, and improving connectivity between local and regional markets through sustainable transport solutions that support the objectives of the UAE’s Net Zero 2050 Strategy.

Abudhabi , June 22, 2026 : The Abu Dhabi Registration Authority (ADRA), the Abu Dhabi Department of Economic Development’s (ADDED) arm to develop and regulate the business sector, has reported a 21 % increase in the number of new economic licences issued during the first quarter of 2026, compared to the corresponding period in 2025.

The strong growth rates in the number of new economic licences and categories across the emirate’s regions and economic sectors reaffirm the attractiveness of Abu Dhabi’s business ecosystem for quality investments and its ability to sustain growth despite the challenges witnessed across the region during the past period.

The number of active licences in the emirate increased by 12 % during Q1-2026 compared to the same period last year. New economic licences also continued to grow across all regions of the emirate, rising by 58 % in Al Ain Region, 28 % in Al Dhafra Region, and 18 % in Abu Dhabi.

New commercial licences grew by 20 %, professional by 193 %, and licences in agriculture, fisheries, and livestock activities by 5 %.

Industrial licences transitioning into the production phase during Q1 2026 increased by 3 %, with 34 new industrial facilities entering full operational phase during the first three months of 2026. This contributes to achieving the objectives of Abu Dhabi Industrial Strategy (ADIS) by strengthening supply chains and increasing local production capacity.

Hamad Sayah Al Mazrouei, the Undersecretary of ADDED, said, “Amid global and regional challenges and changes, Abu Dhabi continues to demonstrate its ability to transform challenges into opportunities for growth and prosperity. These strong indicators reaffirm the resilience and attractiveness of Abu Dhabi’s economy, as well as the effectiveness of the emirate’s policies and legislative frameworks in establishing solid foundations for an advanced business sector characterised by dynamism, adaptability, and efficient supply chains capable of meeting the needs of citizens and residents.”

Al Mazrouei added, “We are committed to maintaining continuous engagement with companies, investors, and stakeholders to further develop policies and support the business sector in sustaining its operations, enhancing the competitiveness of Abu Dhabi’s economy, and reinforcing the emirate’s position as an attractive destination for talent, businesses, and investments. We reaffirm our commitment to continuing our efforts to ensure an integrated ecosystem that enables all to reach their full potential and create long-term value”.

Q1-2026 witnessed continued growth in Tajer Abu Dhabi (Abu Dhabi Trader) licences, which increased by 17%, while freelance licences surged by 261 %, and “Mobdea” licences grew by 15%, reflecting the enabling environment for starting and doing businesses in the emirate. Promotional offers also continued to grow by 2%, while advertisements increased by 26 %, reflecting expanding commercial activity.

Mohamed Munif Al Mansoori, Director General of ADRA, said, “As demand for establishing businesses in Abu Dhabi continues to grow, we remain committed to keeping pace with developments and changes in the business sector to further cement Abu Dhabi’s leading position as a premier destination for quality investments and ambitious companies seeking to grow and expand, supporting the emirate’s strategic priorities.”

He added, “Over the past period, our efforts have continued to strengthen market stability, protect consumer rights, and ensure the smooth flow of supply chains. The cooperation of economic establishments has contributed to ensuring the availability of goods and services, safeguarding consumer rights, and maintaining business continuity. We will forge ahead with our efforts to provide the best possible business environment and enable entrepreneurs to benefit from the emirate’s capabilities, potential, diversity, and dynamism of its economy.

Dubai , June 21, 2026 : Dubai, UAE: More than 500 residents came together at Danube Sports World in Dubai to celebrate International Yoga Day at a special community event hosted by businessman and wellness advocate Anis Sajan, Vice Chairman of Danube Group, in collaboration with The Art of Living Foundation.

Held in line with this year’s International Yoga Day theme, “Yoga for Healthy Aging,” the event promoted physical fitness, mental well-being, and mindfulness through a range of activities including yoga postures, breathing exercises, guided meditation, and relaxation techniques.

Addressing participants, Anis Sajan emphasized the importance of incorporating yoga into daily life. “Yoga is not just a form of exercise; it is a way of life. It nurtures the body, calms the mind, and strengthens the soul. In today’s fast-paced world, yoga offers a path to inner balance, resilience, and healthy aging,” he said.

A long-time yoga practitioner, Sajan has been actively promoting the benefits of yoga through various community initiatives and wellness programs. He encouraged people to dedicate a small part of each day to yoga and meditation to achieve long-term health and happiness.

The event attracted participants from different age groups and nationalities, reflecting Dubai’s multicultural and health-conscious community. Under the guidance of experienced instructors, attendees took part in a series of sessions designed to improve flexibility, concentration, and overall wellness.

Participants praised the initiative for creating a positive and inspiring atmosphere. Afra, one of the attendees, said the event helped her feel refreshed, relaxed, and energized while providing an opportunity to connect with others through wellness activities.

Another participant, Subho, thanked the organizers for bringing the community together and creating an engaging platform to experience the benefits of yoga.

Adding to the excitement, the celebration concluded with a raffle draw, where three lucky winners received Milano Water Purifiers as prizes.

Organizers said the successful event highlighted the growing popularity of yoga as a tool for healthy living, mental well-being, and active aging, while also strengthening community bonds through shared experiences of mindfulness and wellness.

Sharjah , June 21, 2026 : Alef Group and BEEAH share a synergy of vision and expertise that contributes to developing future-ready projects and communities centred on innovation, sustainability and quality of life in Sharjah.

Among the most prominent examples of this collaboration are landmark projects such as Khalid Bin Sultan City and Linar, where expertise in urban development, sustainability and innovation comes together to deliver destinations that reflect the emirate’s aspirations for the future.

Current indicators show that Sharjah’s real estate market continues to deliver robust performance and growing momentum. During May 2026, the sector recorded 7,119 transactions valued at AED3.1 billion, while the total area of properties traded through sales transactions reached approximately 9.5 million square feet.

This exceptional performance is the direct result of the visionary leadership and wise directives of His Highness Sheikh Dr. Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, who has established the foundations of a secure and stable investment environment, an advanced legislative and regulatory framework, and world-class infrastructure. These factors have positioned the emirate as a trusted destination for investors and capital from around the world and continue to support development projects and urban expansion across Sharjah.

Khalid Bin Sultan City represents a transformative approach to sustainable urban development in the region. Sustainability was not incorporated as an additional feature but embedded as a core principle from the earliest planning stages. The city has been designed as an integrated, climate-smart urban ecosystem drawing on BEEAH’s expertise in environmental management, energy and technology, enabling the integration of renewable energy solutions, smart infrastructure and circular economy principles within a unified planning framework.

Khaled Al Huraimel, Group Chief Executive Officer and Vice Chairman of BEEAH, the developer of Khalid Bin Sultan City, told Emirates News Agency (WAM) that real estate decision-making is undergoing a clear transformation.

“The focus is no longer limited to location or financial returns alone. It now extends to a property’s sustainability performance, energy efficiency, living comfort and ability to adapt to future changes. This trend aligns with the UAE’s vision to achieve climate neutrality by 2050. The scale of real estate activity in Sharjah, which recorded AED44.3 billion in transactions, reflects growing confidence in carefully planned, future-ready developments,” he said.

He added that Khalid Bin Sultan City embodies this transformation through an integrated masterplan designed by Zaha Hadid Architects, centred on walkable neighbourhoods, interconnected public spaces and facilities that strengthen social cohesion and support a balanced lifestyle.

The integration of climate-neutrality-ready infrastructure, smart systems and resident-focused planning is a key factor attracting investors seeking stable assets with sustainable returns, as well as families looking for a residential environment that combines stability and long-term quality of life.

Al Huraimel stressed that Sharjah is strengthening its position as a real estate destination through an approach focused on long-term value, thoughtful urban planning and sustainable development as a strategic choice. He noted a clear trend towards developing connected neighbourhoods and integrated projects that meet future residents’ needs and evolving aspirations.

He pointed to sustained demand for high-quality freehold developments that combine accessibility with stable long-term returns. This trend is characterised by carefully structured developments that integrate residential, cultural and social uses within a comprehensive environment that enhances quality of life and fosters a strong sense of community.

He explained that Khalid Bin Sultan City is being delivered through a phased development plan, with the first handovers scheduled for 2029. The first phase will include a selected collection of townhouses and villas within one of the city’s first residential neighbourhoods near Khor Fakkan Road.

For his part, Raed Kajoor Al Nuaimi, Chief Executive Officer of Alef Group, told WAM that, supported by the continued backing of Sharjah’s leadership and the strong confidence of Alef Group’s shareholders, the company had moved forward decisively with the launch of Linar.

“We remain confident in the resilience of Sharjah’s real estate market and its ability to overcome regional and global challenges while delivering projects that keep pace with the sector’s evolution,” he said.

He noted that Linar embodies the proactive and ambitious vision of the Group’s founder, the late Sheikh Khalid bin Sultan Al Qasimi, which focused on developing integrated destinations that combine architectural innovation, enhanced quality of life and sustainable investment value.

The launch of Linar in Al Mamzar reflects strategic shifts in Sharjah’s real estate sector. Demand is no longer focused solely on purchasing a residential unit, but increasingly on securing a fully integrated lifestyle that includes quality design, health and wellness facilities, community spaces, accessibility and a holistic living experience.

The project responds directly to these changing requirements and highlights the growing appeal of waterfront developments, which have become among the most sought-after and highest-value real estate assets, particularly given the limited availability of land in such prime locations.

In this context, the strategic memorandum of understanding signed between Alef Group and BEEAH supports this direction by focusing on the exchange of expertise and knowledge to advance sustainable and climate-positive urban development in Sharjah.

Under the agreement, Alef Group contributes its real estate development expertise to support BEEAH’s projects, while benefiting from BEEAH’s comprehensive environmental management ecosystem to achieve sustainability objectives and enhance quality of life across all developments.

Dubai , June 21, 2026 : Dubai’s Roads and Transport Authority (RTA) has completed 30%
of the 14.5 km dedicated Bus and Taxi Lanes Project, which is being
implemented across 6 key streets: Sheikh Sabah Al Ahmad Al Jaber
Al Sabah Street, 2nd December Street, Al Satwa Street, Al Nahda
Street, Omar Bin Al Khattab Street, and Naif Street. Upon
completion, the total length of dedicated bus lanes in Dubai will
increase to 20.6 km.
His Excellency Mattar Al Tayer, Director General, Chairman of the
Board of Executive Directors of the Roads and Transport Authority,
stated that dedicated bus and taxi lanes are a key enabler of
Dubai’s sustainable mobility targets. They support efforts to make
public transport the preferred and more attractive choice for daily
mobility by providing fast, regular, and reliable services.
Al Tayer added: “The project ranks among the world’s leading
practices and successful transport policies for encouraging residents
to use public transport instead of private vehicles. It targets shorter
journey times, improved adherence to bus schedules, better taxi
arrival times, and lower direct and indirect operational costs, while
also supporting greater public transport uptake across the
community, smoother integration across transport modes, and

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reduced polluting emissions. Collectively, these outcomes advance
the strategic goal of integrated Dubai, enhance quality of life, bring
happiness to public transport users, and reinforce Dubai’s standing
as a world-leading city in seamless mobility and urban
sustainability.”
He added: “The expansion of dedicated bus lanes will reduce bus
journey times on routes using these lanes during peak hours by
24% to 59%, while improving expected bus arrival times by 28% to
56%. Bus journey times are expected to fall by 59% on Naif Street,
54% on Al Satwa Street, 50% on Omar bin Al Khattab Street, and
38% on Al Nahda Street. Bus arrival times are also expected to
improve by 56% on 2nd December Street, 52% on Sheikh Sabah Al
Ahmad Al Jaber Al Sabah Street, 48% on Al Satwa Street, and 42%
on Omar bin Al Khattab Street.”
Beyond speed and reliability, Al Tayer noted that the expanded
lanes are expected to encourage residents and visitors to use public
buses, with ridership projected to increase by up to 30% on some
streets. The expansion will also reduce the number of buses
required to serve these routes due to the journey time savings
achieved.
He explained that the current expansion builds on the major success
achieved across the previous three phases of dedicated bus lanes.
These phases helped reduce journey times on some bus routes by
around 5 minutes per bus, marking a 24% improvement in journey
time, while also increasing satisfaction levels among passengers,
bus drivers, and taxi drivers.
It is worth noting that RTA previously implemented 6.1 km of
dedicated bus lanes. These included a separate lane for buses and
taxis on Khalid bin Al Waleed Street, extending 4.3 km in both
directions from the intersection of Khalid bin Al Waleed Street with
Al Mina Street to just before its intersection with Zaa’beel Street.
The works also covered sections of Naif Street extending 500
metres, Sheikh Sabah Al Ahmad Al Jaber Al Sabah Street from Al
Satwa Roundabout to Sheikh Rashid Street extending 900 metres,
and Al Ghubaiba Street from its intersection with Al Mina Street to
Street 12 extending 400 metres.

London / Abu Dhabi ​, June 18 , 2026 :  Adeeb Ahamed, Managing Director of LuLu Financial Holdings, has been appointed to The Wall Street Journal CEO Council, an invitation-only network of business leaders convened by the WSJ Leadership Institute.

The appointment was announced during the CEO Council Summit held in London on June 9–10, which brought together senior executives from across industries to discuss the global economic outlook, leadership, innovation, technology and geopolitics. The summit serves as one of the flagship gatherings of the CEO Council community and attracts leaders from some of the world’s most influential companies and institutions.

As a member of the CEO Council, Adeeb will join a global network of chief executives and business leaders who engage in ongoing discussions on the opportunities and challenges shaping the future of business. Through a series of summits, peer forums and leadership exchanges, members contribute perspectives on issues ranging from economic growth and technological transformation to corporate leadership and resilience in an increasingly complex world.

Commenting on the appointment, Adeeb Ahamed said: “I am honoured to join The Wall Street Journal CEO Council and contribute to a community of leaders focused on navigating the profound changes reshaping the global economy. At a time when technology, demographics and geopolitics are redefining how businesses operate, the ability to  engage with perspectives and participate in meaningful dialogue has never been more important. I look forward to sharing insights from the markets and communities we serve.”

Adeeb is the Managing Director of LuLu Financial Holdings, one of the leading financial services groups operating across the GCC, Indian subcontinent and Asia-Pacific region. Under his leadership, the Group has expanded its footprint across multiple markets while investing in digital innovation, cross-border payments, foreign exchange and financial inclusion initiatives.

Beyond his role at LuLu Financial Holdings, he is a prominent voice on issues relating to financial inclusion, migration-linked economies, digital transformation and cross-border commerce. He currently serves as Chair of the FICCI Arab Council and regularly participates in international forums focused on business, technology and economic cooperation.

His appointment to The Wall Street Journal CEO Council reflects the growing relevance of perspectives from emerging markets and the increasing importance of cross-border financial ecosystems in the global economy.

The WSJ Leadership Institute’s CEO Council is an invitation-only community designed to facilitate dialogue among senior executives through exclusive events, peer-to-peer exchanges and discussions on the issues shaping business and society.

Indian Government’s new Personal Income Tax Act of 2025 makes income tax easy and simple for Indian nationals – including NRIs, who are exempted from personal income tax on their income outside India

Dubai , June 18, 2026 : Simplified tax structure makes economy transparent and sustainable, officials told more than 300 accounting professionals and delegates at the Tax 360° – Navigating India, UAE & International Tax Landscapes Conference, organised by the Dubai Chapter of the Institute of Chartered Accountants of India (ICAI).

“Ten years ago, we didn’t talk about tax in the UAE. However, we are now well into the tax environment – that brings in transparency, integrity and good governance into the economy. It tells who you are. So, tax is good for business and economy,” Abdulqadir Obeid Ali, Chairman of the UAE Internal Auditors’ Association, said in his address.

“A fifth of the Fortune 500 companies are run by Chartered Accountants – who are the backbone of any business. There is no way a machine or Artificial Intelligence will take up such an important profession. The AI can’t replace accountants. In fact, accountants will become more relevant and their work will become more relevant in the coming years.”

India’s total Personal Income Tax collection reached IN₹11.56 trillion in the 2024-05 financial year, higher than IN₹10.42 trillion Corporate Tax collected the same year – the first time Income Tax revenue outperformed Corporate Tax in India.

CA Rishi Chawla, Chairman of the Dubai Chapter of the ICAI, said, there are a number of similarities between the tax structures of the UAE and India. “There are lots of similarities between the new tax landscape of India and the UAE.”

“The Indian Income Tax system in 2025 is increasingly aligned with the aspirations of a fast-growing economy. Driven by technology, transparency, and simplification, the focus is shifting from enforcement to facilitation. As taxpayers embrace digital compliance and businesses navigate a dynamic economic environment, the tax framework continues to play a pivotal role in supporting growth, encouraging investment, and strengthening the nation’s fiscal foundation,” he added.

The number of people paying income tax in India reached 91.9 million in 2025-06 financial year. Indian Government collected IN₹6.16 trillion in Personal Income Tax in the first two quarters of 2025-06 financial year, much higher compared to the IN₹4.76 trillion in Corporate Tax collected during the same period last year.

Dr. Dharm Singh Meena, IRS First Secretary, Economic Affairs Wing, Embassy of India, “The UAE-India bilateral trade has already surpassed US$100 billion, as the two countries deepen strategic partnerships. However, we are also seeing a more transparent and simplistic approach in the tax landscape of both the countries that is encouraging.”

He said the new Personal Income Tax Act 2025 builds on the Income Tax Law of 1961 and simplifies it and makes tax filing easy for taxable professionals in India.

“The Personal Income Tax Act 2025 has ushered in a new era in simplifying the personal tax regime in India and as a result we are witnessing a surge in personal tax revenue that has exceeded the corporate tax collection in India for the first time. This is the result of the new Personal Income Tax Act of 2025 that makes tax easy to understand and file,” he said.

“The new income tax is half in size and removes all the complexities of taxes that used to make tax payment very complicated. The government’s primary goal was to provide greater tax certainty, reduce disputes and litigation and simplify the law by making it ‘reader-friendly’ for all taxpayers, making compliance easier by making it concise and lucid. The number of chapters has been reduced to 23 from 47, while the number of sections has been reduced to 536 from 819 and the total word count has been halved to 260,000 words in 2025 from 512,000 words in 1961!”

Non-Resident Indians’ (NRIs) income from their businesses and professional work outside India are exempted from the Personal Income Tax.

The session on Tax Updates in UAE, India and International Taxation provided participants with a concise overview of key developments shaping the tax landscape. The discussion covered recent updates in UAE taxation, important changes under the Indian Income Tax framework for 2025, and practical insights into international tax matters, including the application of Double Taxation Avoidance Agreements (DTAAs). The session highlighted the growing importance of staying abreast of tax developments and understanding their implications for businesses and professionals operating across jurisdictions.

CA Neeraj Teckchandani CEO & Director Apparel Group, said, businesses will have to adopt Artificial Intelligence (AI) into their operations. 

“We manage 2,600 stores involving 85 brands with 27,000 professionals across 14 countries. Apparel Group has come a long way in the last three decades, from franchise business to licenses having a number of Intellectual Properties (IPs) under our portfolio.

“During every crisis, we have invested in technology to scale up the business – making it more effective and smarter. During the recent regional uncertain times, we have sharpen our focus on finding solution moving from E-Commerce to AI-Commerce that is making business smarter.”

ICAI is the largest professional body of Chartered Accountants across the world with over 1,000,000+ students and around 450,000+ members. ICAI has a wide network with five Regional Councils, 176 Branches, 54 Overseas Chapters, and 31 representative offices across the globe. And among 54 overseas chapters, ICAI Dubai Chapter is the largest and most vibrant chapter of ICAI. Of the 8,000 Indian Chartered Accountants active in the UAE‘s private sector, 1,400+ are currently leading businesses in senior positions.

Sharjah, June 17 , 2026 : A collection of rare manuscripts spanning centuries of scientific inquiry, scholarship and cultural exchange has gone on display at the House of Wisdom (HoW) in Sharjah as part of
the Manuscripts Exhibition – Sustainable Identity and Development, organised in
collaboration with United Arab Emirates University (UAEU).
Part of UAEU’s Golden Jubilee celebrations, the exhibition builds on a nationwide cultural
tour of one of the university’s most valuable collections. Through leading cultural venues
across the UAE, the initiative highlights the role manuscripts have played in preserving and
documenting these civilisations.
Running until 26 June, the exhibition showcases the enduring value of Arab and Islamic
manuscripts as repositories of knowledge that have preserved scientific heritage,
documented intellectual achievements, and carried learning across generations.
His Excellency Zaki Anwar Nusseibeh, Cultural Advisor to the UAE President and Chancellor
of UAEU, attended the opening, alongside Marwa Al Aqroubi, Executive Director; H.E. Prof.
Ahmed Ali Al Raeesi, Vice Chancellor of UAEU; Prof. Ali Hilal Al Naqbi, Chancellor of the
University of Khorfakkan; Dr. Tod Laursen, Chancellor of American University of Sharjah
(AUS); as well as UAEU students, distinguished guests, and researchers and
enthusiasts of scientific and cultural heritage.
A journey through language, science, and jurisprudence

The exhibition features fifty rare manuscripts from UAEU’s collections, spanning multiple
fields. The collection features a diverse selection of manuscripts, treatises, and
scholarly works that played a significant role in shaping Arab and Islamic civilisation
across a wide range of disciplines, including the Holy Qur’an and Qur’anic studies,
Arabic language and literature, astronomy, medicine, engineering, mathematics, and
other scientific fields.
Organised around three themes, it highlights the breadth of scholarship that flourished. The
first explores Quranic studies and the Arabic language; the second examines astronomy,
geography, and timekeeping, showcasing Arab and Muslim contributions to the study of the
universe; and the third focuses on theoretical and applied sciences, including medicine,
mathematics, engineering, chemistry, and agriculture.
The exhibition takes visitors on an intellectual journey spanning nearly five centuries
of scientific and scholarly achievement, highlighting the interconnectedness of
diverse fields of knowledge and their contributions to societal advancement. It also
offers a rare opportunity to explore the history of authorship, manuscript copying,
and learning, and to discover the ideas and innovations that enriched human
civilisation. Through this journey, the exhibition underscores the central role of
knowledge in shaping both human development and civilisation across the age .

The company’s assets under management (AUM) grew 67 percent year-on-year to Dh1 billion or ₹26.31 billion, driven by investment activity across India and Dubai

Dubai , June 17 , 2026 : Nisus Finance Services Co Limited, a leading alternative investment and urban infrastructure platform, reported a 109.61 percent jump in its total income to Dh54.24 million (US$14.78 million or ₹1.41 billion) in the financial year ending March 31, 2026, up from Dh25.91 million (US$7.06 million or ₹673 million) in financial year ending March 31, 2025 with strong growth in the UAE market.

Its strong operational growth, platform expansion and sustained profitability come from the UAE operations despite temporary geopolitical disruptions during the fourth quarter. 

Nisus Finance’s core business of fund management and transaction advisory reported a 108 percent jump in year-on-year Profit After Tax (PAT) at Dh26 million (US$7.10 million or ₹677.60 million), and Earnings Before Interest, Tax, Debt and Amortisation (EBITDA) of Dh37.14 million (US$10.12 million or ₹965 million) with EBITDA margins reaching 70.5 percent. 

The company’s assets under management (AUM) grew 67 percent year-on-year to Dh1 billion(US$275.81 million or ₹26.31 billion), driven by investment activity across India and Dubai, strategic exits and continued traction in private credit and urban infrastructure opportunities. 

Key Financial Highlights: Consolidated (Core Business, excluding NCCCL) 

The fourth quarter saw a temporary moderation in revenue due to deferred investment activity linked to geopolitical developments in West Asia. However, the company stated that the impact was event driven and not structural in nature, with several India and UAE transactions expected to spill over in FY27. 

In August 2025, Nisus Finance acquired a majority stake in New Consolidated Construction Company Limited (NCCCL), one of India’s oldest and most respected construction firms that accelerated its growth and expansion both in India and the UAE in later months.

Founded in 1946, NCCCL is among India’s longest-running Engineering, Procurement and Construction (EPC) companies, with a track record spanning nearly eight decades. Over the years, it has delivered more than 200 million square feet of projects across residential, commercial, IT parks, hospitals, industrial facilities, and data centres. With an active order book valued at over Dh1.15 billion, the company has consistently worked with some of the most prominent developers and corporations in India.

On a consolidated basis, including NCCCL, Nisus Finance reported total income of Dh220.82 million(US$60.17 million or ₹5.74 billion) and Profit After Tax of Dh31.96 million (US$8.71 million or ₹830.8 million) for FY26. 

Key Financial Highlights: Consolidated (Including NCCCL) 

Nisus acquired NCCCL during FY26 that helped it to continue to strengthen the group’s integrated infrastructure platform. Since the acquisition, the business added new orders worth over Dh461.68million (US$125.80 or ₹12.00 billion) till May 26, providing healthy medium-term execution visibility. 

During the year, Nisus Finance also significantly expanded its international investment platform. Its Dubai-focused AUM grew 223 percent year-on-year to Dh583.24 million (US$158.92 million or ₹15.16 billion), driven by investments across income yielding residential assets and high-yield growth opportunities. Despite temporary disruptions arising from the West Asia conflict during Q4, the company said its UAE portfolio remained resilient, reporting zero impairment, and continued Net Asset Value (NAV) appreciation across key investments. 

Dr. Amit Goenka, Chairman & Managing Director of Nisus Finance, said, “FY26 was a defining year for Nisus Finance. We scaled the platform meaningfully while continuing to remain resilient through a period of global uncertainty. Despite temporary disruptions in cross-border investment activity during the fourth quarter, we exceeded our revenue guidance for the year and maintained strong profitability. 

“Both our India and UAE businesses continued to see healthy momentum, while the acquisition of NCCCL has further strengthened our integrated urban infrastructure strategy. We are entering FY27 with a strong pipeline across fund management, structured credit, redevelopment and infrastructure opportunities.” 

During the year, the company also expanded multiple strategic initiatives, including preparations for Ni-YAM, its hybrid credit and asset appreciation platform, along with plans for SM REIT structures and GIFT City feeder platforms. Nisus Finance said it remains focused on capital preservation, disciplined underwriting and long-term value creation, while continuing to expand its cross-border investment and advisory capabilities. 

With a diversified business model spanning fund management, transaction advisory, strategic investments and infrastructure execution, the company believes it is well-positioned to benefit from the growing demand for alternative capital and urban infrastructure financing across India and the GCC region.