分类： business

Tomorrow World Real Estate, the boutique development arm of Tomorrow World Group, has officially launched its state-of-the-art Sales Experience Center in Dubai. This innovative facility, located in the heart of the city, redefines real estate engagement by combining cutting-edge technology, architectural excellence, and a hospitality-driven approach. The center showcases Tomorrow World’s growing portfolio, including the Tomorrow 166 and Tomorrow Commercial Tower projects, through interactive digital displays, 3D models, and cinematic presentations. Designed with minimal yet elegant aesthetics, the space features sculptural elements, natural materials, and a seamless blend of gallery and hospitality zones, creating a calm and inviting atmosphere. The center is more than a venue; it embodies the company’s philosophy of ‘Creating Today’s Life with Tomorrow’ and serves as a collaborative hub for agents, partners, and clients. Ma Xu, founder of Tomorrow World Group, emphasized that the launch marks a significant milestone in the company’s journey, reflecting its commitment to innovation, excellence, and building lasting relationships. The launch event attracted top real estate professionals and partners, who explored the digital showcase and enjoyed a curated dining experience at Longteng Seafood Restaurant. Established in 2022, Tomorrow World Real Estate aims to redefine Dubai’s built environment through strategic, timeless, and forward-thinking developments. The Sales Experience Center is a testament to the company’s mission to set new standards in real estate experiences.

The Federal Tax Authority (FTA) of the United Arab Emirates has introduced cutting-edge Artificial Intelligence (AI) systems aimed at simplifying tax filing processes and enhancing support for taxpayers. This initiative marks a significant step forward in the nation’s efforts to modernize its tax administration and improve compliance. Among the standout innovations is FTAGPT, an internal conversational AI engine designed to provide FTA employees with instant, accurate responses to complex tax-related inquiries. This tool is expected to significantly enhance the efficiency of customer service, ensuring taxpayers receive consistent and reliable information. Zahra Al Dahmani, Director of the Taxpayer Services Department at the FTA, emphasized the importance of FTAGPT in addressing employee queries related to the UAE’s three primary taxes: Value Added Tax (VAT), Excise Tax, and Corporate Tax. Additionally, the FTA has upgraded its existing AI-powered platform, TARA, which is accessible to taxpayers via the FTA’s official website. TARA now supports a broader range of queries, including Corporate Tax filing and the status of reconsideration cases. The FTA is also utilizing AI to proactively identify common taxpayer errors and send targeted educational messages to prevent potential penalties. This data-driven approach underscores the FTA’s commitment to transitioning from a reactive to a proactive support model, fostering a seamless and efficient tax environment. The UAE’s tax framework, which includes VAT, Excise Tax, and Corporate Tax, plays a pivotal role in the nation’s economic diversification and strategic goals. By leveraging AI, the FTA aims to align with international tax standards and reinforce the UAE’s position as a global business hub.

Ellington Properties has taken a significant step forward in its acclaimed Mercer House project by awarding a Dh1 billion+ construction contract to China Railway 18th Bureau Group. This landmark deal solidifies Mercer House’s position as one of Dubai’s most ambitious residential developments, blending architectural innovation, wellness, and lifestyle excellence. Located in Uptown Dubai, the project has already garnered international recognition, winning the prestigious International Property Award for Best Mixed-Use Development. The development comprises two towers—a 34-storey North Tower and a 41-storey South Tower—offering a mix of studio, 1-, 2-, and 3-bedroom apartments, as well as luxurious 4-bedroom penthouses. Complementing the residential spaces, Uptown Plaza will introduce a vibrant retail and dining destination, featuring boutique shops, cafés, and lifestyle concepts designed to foster urban connectivity. Ahmed bin Sulayem, Executive Chairman and CEO of DMCC, emphasized the growing demand for high-quality, integrated communities in prime locations like Uptown Dubai. He praised the project’s refined design, world-class amenities, and the partnership with China Railway 18th Bureau Group, a global leader in large-scale urban infrastructure. Zhou Lin, General Manager of China Railway 18th Bureau Group, expressed pride in the collaboration, highlighting the company’s commitment to delivering excellence in quality and timely execution. Joseph Thomas, Co-founder of Ellington Properties, underscored the significance of Mercer House as a milestone in Dubai’s dynamic real estate landscape, reflecting the aspirations of discerning homeowners and investors. The development will feature a range of lifestyle amenities, including an urban beach club, wellness-focused fitness zones, a multi-sports hall, and elegantly designed communal spaces. Mercer House aligns with Dubai’s vision for vibrant, integrated communities that combine innovation, lifestyle, and long-term value, further cementing the city’s status as a global leader in urban living.

Ajmal Perfumes, a heritage fragrance house with 74 years of olfactory artistry, has achieved a significant milestone by opening its 70th store in the UAE. Located in Ajman, the new store underscores the brand’s evolution from a family-run perfumery to a globally recognized name with a presence in over 60 countries. The Ajman Avenue store showcases Ajmal’s extensive range of fresh and oriental perfumes, concentrated oils, and oud, reflecting the brand’s deep understanding of regional preferences and its commitment to craftsmanship. Abdulla Ajmal, CEO of Ajmal Group, emphasized the brand’s focus on purposeful growth, stating, ‘As we cross the 70-store milestone in the UAE, our goal remains to deepen our local presence while setting new benchmarks in the world of perfumery.’ The UAE’s role in shaping the global fragrance industry is evident, with homegrown brands like Ajmal leading the charge. Oud, once a regional treasure, has gained international acclaim, thanks in part to Ajmal’s pioneering efforts. This expansion solidifies Ajmal Perfumes’ position as a trusted and enduring name in the Middle East, shaping the future of modern perfumery.

A groundbreaking bonded direct purchase store has recently opened in the comprehensive bonded zone of Xiong’an New Area, Hebei province, offering consumers an innovative shopping experience. This store features a wide array of bonded imported items, allowing customers to enjoy offline trials, place online orders, and receive direct deliveries from nearby bonded warehouses. According to a report by Hebei Daily, one shopper was pleasantly surprised to find a branded skincare product priced at just 588 yuan, significantly cheaper than online alternatives. The affordability is attributed to the 1210 model, which exempts tariffs and provides a 30 percent discount on value-added and consumption taxes, as explained by the Hebei Provincial Department of Commerce. The 1210 model, also known as the bonded warehouse model, enables e-commerce companies to ship international products in bulk to comprehensive bonded zones for storage. This approach allows shoppers to sample items like cosmetics and snacks from Japan, Europe, and South Korea before making online purchases, thereby reducing the risks associated with blind cross-border shopping. The introduction of this model underscores the rapid growth of cross-border e-commerce in Xiong’an, which has achieved full operational modes and attracted major projects, significantly enhancing the consumer experience, according to local authorities.

Dubai’s vibrant economy and modern infrastructure have positioned it as a hub for global professionals and high-net-worth individuals, making it an ideal location for financial advisory services. Anish Devkaran, Partner at St. James’s Place Middle East (SJP), relocated from the UK to the UAE in November 2024, driven by the region’s emergence as a global wealth centre. With over 20 years of experience in financial services, Anish saw an opportunity to bring world-class financial advice to the UAE, where demand for regulated and qualified financial advisers is on the rise. SJP, a FTSE 100 advisory giant with $245 billion in assets under management, established its Middle East office two years ago to cater to the growing need for tailored wealth management services, including tax advice, retirement planning, and estate planning. Since receiving regulatory approval from the Dubai Financial Services Authority (DFSA), SJP has been raising the bar for financial advice in the region. Anish highlights Dubai’s dynamism, safety, and collaborative professional environment as key factors that make it an exciting place to live and work. He balances his UAE client list with his UK business, advising clients on complex financial plans as they relocate between the two countries. Anish’s approach to financial planning is deeply personal, treating each client like family and ensuring transparency and trust. He emphasizes the importance of helping clients gain peace of mind and equipping them with the knowledge to make informed decisions about their financial futures. SJP’s presence in the Dubai International Financial Centre (DIFC) reflects its commitment to elevating financial advice in the region, fostering trust and professionalism in the sector.

As Wall Street’s rally shows signs of fatigue and gold loses its shine, global attention is increasingly drawn to China’s economic slowdown. Despite not being in a state of collapse, China’s 4.8% growth rate in the third quarter of 2025—the slowest this year—has raised red flags worldwide. External demand has kept China on track to meet its 5% annual growth target, but mounting trade tensions, including a threatened 130% U.S. tariff, have positioned China as a significant downside risk to U.S. economic growth. Stephen Miran, a Federal Reserve governor, has expressed concerns about China’s potential use of its rare earths monopoly as a retaliatory measure against U.S. tariffs, urging policymakers to consider new tail risks. Miran advocates for a 125 basis point rate cut to mitigate economic vulnerabilities. Meanwhile, global debt has surged to a record $337.7 trillion, with China, the U.S., and other major economies contributing significantly to this increase. The Institute of International Finance (IIF) warns that rising military spending and geopolitical tensions will further strain government finances. In the Eurozone, industrial production has weakened, and Japan faces challenges from trade uncertainties and domestic demand stagnation. China’s ambitious 5% growth target is increasingly threatened by U.S. tariffs, prompting calls for urgent fiscal stimulus and measures to boost domestic consumption. As Chinese Communist Party officials gather for the Fourth Plenum, the focus is on devising strategies to transition China into higher-value-added industries and strengthen social safety nets to encourage spending. The global economic outlook remains fraught with risks, with policymakers worldwide bracing for potential shocks as 2026 approaches.

Dubai’s jewellery stores witnessed an unprecedented surge in demand for gold coins during Diwali, leading to a temporary shortage of smaller denominations. Despite gold prices soaring over 50% this year, the festive season saw a remarkable increase in purchases, particularly for gifting purposes. Jewellers reported that five and 10-gram coins were the most sought-after, with demand surpassing last year’s figures. The rush peaked in the days leading up to Diwali, as customers flocked to buy coins for Lakshmi Puja and festive gifts. While larger denominations and bars remained well-stocked, the sudden spike in demand for smaller coins created a brief supply gap. Industry experts attributed this trend to gold’s dual role as a traditional gift and a safe investment. Suppliers and refineries are now working to replenish stocks, ensuring availability improves swiftly. The festive spirit, coupled with rising gold prices, has reinforced consumer confidence in gold as a valuable asset. Jewellers anticipate this momentum to continue through the wedding and year-end season, driven by both cultural and investment motivations.