DUBAI, Dec. 7 (Xinhua) — U.S. defense and technology firm Raytheon Company said on Thursday that it has formed Raytheon Emirates, a new and wholly-owned subsidiary headquartered in the capital of the United Arab Emirates (UAE). New York-stock listed …
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Canada 150 fest in UAE winding up with two-day event
Masoud Hussain, Canadian Ambassador to the UAE, told Gulf News in an earlier statement, “Canada’s 150th anniversary is an occasion to strengthen the ties that unite Canadians of all backgrounds, to think about what it means to be Canadian and to …
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UAE ‘disappointed’ over inclusion in EU tax blacklist
The United Arab Emirates on Thursday said it was “surprised and disappointed” over its inclusion on a European Union tax haven blacklist. “We remain fully committed to maintaining the highest international standards of financial oversight and tax …
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UAE ‘surprised and disappointed’ to be included on EU list of non-compliant tax jurisdictions
Abu Dhabi: The UAE Government has issued a statement expressing its surprise and disappointment that it has been included by the European Union in a list of non-compliant tax jurisdictions. In the statement, the UAE highlighted its full commitment to …
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UAE ‘surprised’ at inclusion in EU tax-haven blacklist
The UAE government said it’s “surprised and disappointed” to be included on a European Union list of non-compliant tax jurisdictions, according to Undersecretary of Finance Yousef Haji Al-Khouri. The UAE government said it’s “surprised and …
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9 tips for safer online shopping in the UAE
“Providing a seamless customer experience and secure banking environment are the two key challenges facing financial institutions today,” says Som. Growth in e-commerce comes as digital becomes the future in the UAE. Mobile phone penetration is now at …
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A Fintech spinoff looks to change the way we bank and eat
First reason is the growth of Islamic banking. A recent survey from Emirates Islamic Bank showed that about 52 per cent of UAE consumers have an Islamic banking product now, compared to 47 per cent consumers in 2015. “The results of this year’s Islamic …
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Dubai wealth managers dismiss UAE inclusion in EU tax haven blacklist
UAE wealth managers said a move by the European Union to include the Emirates in a black list of 17 global tax havens is not credible and likely to have a negligible effect on the banking industry which has in recent years intensified efforts to clamp down …
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Mashreq Bank Appoints New Group Head of Risk Management
Mashreq Bank, the UAE’s leading financial institution, announced the joining of Arif Usmani as the Group Head of its Risk Management. A graduate of the Imperial College of London, Usmani started his banking career in 1981 and spent more than three …
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UAE’s Federal Tax Authority announces full VAT supplies list
The UAE Cabinet is expected to issue a decision to identify the government bodies and non-profit organisations that are not subject to VAT. The below table outlines all supplies that will be subject to the 5% Value Added Tax, as well as zero-rated supplies …
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UAE must do more on transparency to get off tax blacklist -EU envoy
The governments of the UAE and Bahrain did not respond to Reuters requests for comment on Wednesday. A banking industry consultant, who declined to be named, said the EU was concerned about some of the UAE’s many free trade zones, which attract foreign …
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UAE Central Bank gold holdings top $307 million
The UAE Central Bank’s reserve of gold bars amounted to Dh1.129 billion ($307.3 million) by the end of October 2017, a growth of 11.2 per cent from Dh1.015 billion by the end of 2016. The month of April 2017 saw the Central Bank resuming gold holdings …
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Cartons and sacks not banned at Abu Dhabi airport
The fake circular said the move was to avoid breakdown of conveyer belts. In response to an enquiry, Abu Dhabi Airports said in a statement issued to Gulf News on Wednesday evening: “There has been a statement circulating in public domain stating that …
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Dubai owners asked to clean up their pets’ waste on streets
Dubai: Pamper your dog, but do not forget the cleanliness of your city. This is the message pet owners in Dubai were given as part of a recent cleanliness awareness drive. The Veterinary Services Section in the Public Health Services Department of Dubai …
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Volunteering in Dubai made easy through ‘Day For Dubai’ app
Dubai: After challenging the city to devote 30 minutes every … an official from the developer of the app, Watani Al Emarat, told Gulf News. Volunteering opportunities include events related to patients at hospitals, the elderly, people of determination …
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Record-setting Da Vinci painting headed to UAE
NEW YORK — A Leonardo da Vinci painting of Christ that sold in New York for a record US$450 million (380 million euros) is heading to a museum in the United Arab Emirates. The newly opened Louvre Abu Dhabi made the announcement Wednesday. The 500-year-old …
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Not for faint-hearted: Dubai unveils new sky-high zip line
DUBAI, United Arab Emirates — Dubai is offering thrill-seekers a new way to see its dazzling skyscrapers: On one of the world’s longest zip lines. The 170 metre-high (558 foot) XLine opens this week in Dubai’s Marina neighbourhood. For an entire …
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