Abu Dhabi: The Ministry of Finance has issued Mutual Agreement Procedure (MAP) guidance to provide clarity and guidance to taxpayers on the eligibility of MAP, the MAP process, and the information required for a MAP claim. The Mutual Agreement Procedure offers taxpayers the possibility to seek relief from (economic) double taxation under the applicable double tax treaty. According to Emirates News Agency, the MAP Guidance provides clarity to taxpayers on the scenarios where double taxation may occur, such as a tax assessment resulting in a cross-border transfer pricing adjustment or the determination of the existence of a cross-border permanent establishment.

Abu Dhabi: Etihad Airways and Air Europa have celebrated a historic milestone as Air Europa operates its inaugural wet-lease flight from Abu Dhabi to Madrid, marking the Spanish carrier’s first-ever aircraft operation from the Middle East. According to Emirates News Agency, the landmark Boeing 787-9 service represents a significant evolution of the partnership between the two airlines, building on their expanded codeshare agreement and frequent flyer programme cooperation. This collaboration highlights the value of strategic partnerships in improving global connectivity and offering more seamless travel options for passengers across four continents. Etihad now offers twice-daily services to Madrid, with the

Dubai: Al Mal Capital REIT (AMC REIT), the first real estate investment trust listed on the Dubai Financial Market (DFM), regulated by the Securities and Commodities Authority (SCA), and managed by Al Mal Capital PSC, a subsidiary of Dubai Investments PJSC, is inviting existing unitholders, as well as UAE and GCC individual and institutional investors, to subscribe to new units in its closed-ended Real Estate Investment Trust (REIT) through a follow-on public offering (FPO). According to Emirates News Agency, the FPO, approved by the SCA, will issue up to 220,000,000 new units at a price of AED1.1, raising the issued

Ras Al Khaimah: Ras Al Khaimah Economic Zone (RAKEZ) successfully concluded its business mission to Russia as part of the official UAE delegation led by the Ministry of Economy. The tour reinforced strategic ties with Russian industrial stakeholders and showcased Ras Al Khaimah’s growing appeal as a regional hub for manufacturing and logistics. According to Emirates News Agency, a major highlight of the trip was the participation of RAKEZ Chief Commercial Officer Anas Hijjawi in the prestigious Saint Petersburg International Economic Forum (SPIEF) 2025. He served as a panellist in the session titled ‘Effective Non-Financial Support Measures for Industry’, where

Abu Dhabi: Aldar has been upgraded to an ‘A’ rating in the latest MSCI ESG Rating assessment, placing the company in the top quartile of real estate companies tracked by MSCI globally. According to Emirates News Agency, this rating upgrade reflects the company’s progress in strengthening its environmental, social, and governance practices across its operations in alignment with global sustainability standards. MSCI is a leading global rating agency that evaluates companies’ exposure to industry-specific ESG risks and their ability to manage those risks relative to peers. The ratings are used by investors to evaluate how companies manage long-term risk, and

Abu Dhabi: Presight today announced the 10 startups who have won their place as part of the Presight AI-Startup Accelerator, a strategic launchpad designed to propel AI startups to scale with speed, impact, and commercial intent. According to Emirates News Agency, the announcement follows an evaluation and selection process that attracted 120 applications from AI startups across 17 countries, spanning sectors such as Smart Cities, Fintech, Energy, AI Governance, and Sovereign AI. The shortlisted pool of 15 global finalists was selected to participate in the final pitch days, held on 2-3 June. The event featured in-person pitches in Abu Dhabi

St. Petersburg: 2025 marks the 25th anniversary of the United Nations Global Compact, the world’s largest corporate initiative aimed at engaging businesses in achieving the Sustainable Development Goals (SDGs). According to Emirates News Agency, a session of the St. Petersburg Economic Forum (SPIEF) was dedicated to this event. Participants in the discussion agreed that awareness of the 2030 Agenda needs to be raised, with an emphasis on cooperation between the media in the BRICS+ countries and the creation of a multipolar media space for sustainable development. The discussion was moderated by Ivan Polyakov, Chairman of TV BRICS. The international media

St. Petersburg: Qatar Civil Aviation Authority (QCAA) announced the resumption of air traffic in Qatar’s airspace after taking the necessary measures in coordination with the relevant authorities. According to Emirates News Agency, the QCAA praised the cooperation shown by all partners and the efforts of government agencies to ensure aviation safety and security in Qatari airspace. The update was shared in a post on the X platform, highlighting the collaborative efforts involved in restoring normalcy to the airspace operations.