Author: News Desk

The United Arab Emirates (UAE) is set to introduce Federal Corporate Income Tax (CIT) starting from June 1, 2023. This significant development will bring changes to the tax landscape in the country, impacting businesses that have been enjoying tax exemptions on their profits. The implementation of CIT has attracted great interest and attention from both local and foreign businesses operating in the UAE. Financial Sector Implications: With the Ministry of Finance announcing the introduction of CIT for the upcoming financial year, UAE’s financial sector is preparing for the changes that lie ahead. The Government aims to create economic sustainability by…

Neuralink, the brain-implant startup founded by Elon Musk, has received approval from the U.S. Food and Drug Administration (FDA) to commence its first human clinical study, as announced by the agency. The company’s goal is to develop a device that enables individuals to control computer interfaces using their brains, with the potential to restore vision and assist those with severe disabilities in movement and communication by decoding brain activity. Neuralink plans to establish clinics where surgical robots will implant their proprietary electrodes, designed for brain-signal recording, into patients’ brains. This milestone approval comes after extensive collaboration between Neuralink’s team and…

Dubai’s food enthusiasts and culinary adventurers are in for a treat with the launch of exciting new menus across the city. From mango-inspired creations to a culinary carnival and an Italian summer experience, here’s a rundown of the latest offerings. Mangoes take the spotlight at Varak, a luxury patisserie brand, as they introduce a delectable summer menu dedicated to this tropical fruit. The highlight of the menu is the Mango Trifle, a mouthwatering combination of moist vanilla cake soaked in luscious mango pulp, layered with juicy mango chunks and creamy custard. Priced starting from Dh110, this dessert is available in small, medium, and large sizes, with the option to conveniently order online at varakdubai.com. Carnival by Trèsind, an Indian restaurant featured in…

OpenAI, the leading Artificial Intelligence company, has expanded the availability of its ChatGPT iOS app to several countries beyond the United States. Previously, the app was exclusively launched in the US market, but now users in 11 additional countries can download it from the Apple App Store. The countries included in this expansion are Albania, Croatia, France, Germany, Ireland, Jamaica, Korea, New Zealand, Nicaragua, Nigeria, and the UK. Unfortunately, the arrival of ChatGPT on iOS in India is still pending, but OpenAI has assured that they will continue to roll out to more countries and regions in the coming weeks,…

The Indian IT sector, known for its significant contribution to the country’s economy, is experiencing a surprising trend of mass layoffs while other industries thrive. Despite the ongoing IT boom in digital India, reports indicate that employment opportunities in the IT sector are declining. This raises the question: if the IT sector is booming, why are there so many job cuts? Let’s explore which sectors are currently witnessing an increase in job opportunities. Decline in the IT Sector:According to the Development Bank of Singapore Limited (DBS), employment opportunities are on the rise in India, except in the IT sector. In…

The United Arab Emirates (UAE) is known for its commitment to grand-scale developments, and several ambitious megaprojects are currently underway. These projects, ranging from iconic landmarks to futuristic expansions, are set to redefine the physical landscape of the UAE. In this article, we showcase five remarkable projects that have captured significant attention for their magnitude and the excitement they generate. Bugatti Residences: Luxury Collaboration Dubai developer Binghatti has partnered with renowned supercar manufacturer Bugatti to introduce the world’s first Bugatti Residences in Dubai. This collaboration combines Binghatti’s distinctive architectural designs with Bugatti’s craftsmanship and heritage. The project aims to revolutionise…

Ride-hailing platform Uber has announced the introduction of Uber Green in India, offering users the convenience of booking electric vehicle (EV) rides. This initiative is accompanied by a series of partnerships aimed at financing, access, and charging for a new fleet of electric cars and two-wheelers. With the launch of Uber Green, passengers in Delhi, Mumbai, and Bengaluru will have the option to request an all-electric, zero-emission vehicle, aligning with Uber’s goal to become a ‘zero-emission’ platform by 2040. Currently available in over 100 cities across 15 countries, Uber Green aims to accelerate the adoption of electric mobility globally. Expanding…

Reliance Foundation and the United States Agency for International Development (USAID) have revealed the grant recipients of Round Two of the WomenConnect Challenge India. The initiative, aimed at bridging the gender digital divide in India and empowering women to participate fully in the global economy, selected seven social sector organisations out of over 260 applicants. Each winner will receive grants of up to INR 1 crore (approximately $120,000) from Reliance Foundation to address barriers hindering women’s access to technology. In partnership with the United States government, Reliance Foundation will provide mentoring support to women entrepreneurs, farmers, micro enterprises, collectives, and…

Shutterstock Inc, a leading creative content marketplace, has made an exciting move by acquiring Giphy Inc from Meta Platforms Inc. The acquisition, valued at $53 million in cash, comes after Meta’s agreement to divest Giphy due to competition concerns. This strategic decision opens up new opportunities for Shutterstock to strengthen its position as an end-to-end creative platform and further expand its offerings to users worldwide. The acquisition of Giphy addresses previous competition concerns raised by the British competition regulator. In order to ensure a fair marketplace, Meta was required to sell Giphy to prevent any potential denial or limitation of…

Vibe Resort in Munnar, India, offers an enchanting experience that combines the breathtaking beauty of mountains and valleys. With its natural vibe and premium amenities, this resort has become a sought-after destination for travellers seeking unforgettable memories. Creating Memorable Vibes: Jolly Anthony, CEO and founder of Vibe Resort, believes that vibes sell memories. Located atop a hill, the resort provides panoramic views of Munnar’s captivating landscape. Surrounded by mountains and lush green estates, it offers a serene and immersive experience for guests. Transforming Munnar into a Destination: Vibe Resort aims to elevate Munnar as a destination by introducing a range…