News & Insights

28 April 2026Announcement

Golden Legacy launches new building-materials trading division

We're proud to announce the launch of Golden Legacy Trading L.L.C — a Dubai-licensed trading house consolidating a decade of regional sourcing experience under one roof. Operating from Office #407 in Warba Center, Deira, the firm covers ten core categories across construction, finishing, and infrastructure supplies.

Initial Business Name Reservation No. 3927517 was issued by Dubai Economy & Tourism on 28 April 2026, with the formal trade license to follow. The firm trades across the full breadth of building materials — from cement and aggregates to electrical fittings, sanitary ware, and HVAC systems.

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April 2026Market

UAE construction sector poised for record year

Dubai municipality data shows building permits up 18% YoY in Q1 2026, driven by Dubai 2040 Master Plan deliveries and Sharjah's industrial expansion. Cement, structural steel, and finishing materials are seeing tightened supply windows.

April 2026Logistics

Iraq corridor: revised tariff schedule & Karar 957/2025

Iraq's revised customs tariff schedule under Karar 957/2025 sets duties at 5–20% across the major HS chapters relevant to building materials. We've updated our internal calculator and can now quote landed prices to Erbil and Baghdad with full duty visibility.

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March 2026Sourcing

New supplier MOUs signed at Bauma China 2026

Direct factory MOUs in place with three new manufacturers — premium ceramic tiles, modular partition systems, and energy-efficient lighting fixtures. Expanded range adds depth to projects requiring brand alternatives or competitive benchmarks.

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March 2026Regulation

UAE Tax Procedures Law update — practical impact for traders

Recent FTA clarifications on the VAT treatment of tripartite shipments simplify documentation for Dubai-routed orders bound for GCC destinations. We've adjusted our invoicing flow accordingly.

February 2026Operations

Warba Center HQ: doubling our project storage capacity

Expanded warehouse partner agreement near Jebel Ali doubles our consolidation capacity — important for project orders that combine multiple categories under a single shipment.