Business News from Monday, January 27th, 2025

Meraas, part of Dubai Holding Real Estate, has awarded a construction contract worth over AED 1 billion to China State Construction Engineering Corporation (Middle East) for its Bluewaters Bay project.

ADNOC Gas plc on Monday announced the signing of a $450 million (AED1.653 billion) three-year liquefied natural gas (LNG) supply agreement with JERA Global Markets.

His Highness Sheikh Dr. Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, issued an Emiri Decree on Monday establishing and organising the Sharjah Creative Quarter (SCQ).

The Federal Tax Authority (FTA) announced that the cumulative total of approved applications by UAE nationals who received VAT-refunds for the expenses they have incurred for the construction of their newly built residences reached 34,900 valued at AED 2.9 billion.