This confirms MoF’s commitment to managing and developing the government financial systems in order to facilitate the federal entities’ transactions. All federal entities linked to the Federal Financial System are able to perform various VAT-related …
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Dubai billionaire to take on Amazon and his extreme work ethic for his staff
A DUBAI billionaire is vowing to take on Amazon with his emerging e-commerce empire — and to get to the top he has some extreme working conditions for his staff. Mohamed Alabbar, 60, a real-estate tycoon, wanted to create a viable competitor to US tech …
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UAE’s oyster farming business thrives on ‘eat local’ movement
When Ramie Murray set out to start a business in the field of aquaculture a few years ago, his plan was to farm rock lobsters. He also threw a few oyster spats, or baby oysters, into the mix, just to see how they would do. As it turned out, the hatchery …
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UAE residents recount their first purchase with VAT
On the first day of its implementation, Gulf News visited shopping malls and retail outlets to gauge the impact of VAT. Mohammad Mufaris, a senior supervisor in an insurance company in Abu Dhabi, shopping at Lulu in Mushrif Mall, said “We have not …
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Meet the team that keeps Dubai clean
Dubai: Even before you wake up, the city is scrubbed clean. Dubai residents produce 9,000 tonnes of waste every day, but you would be hard-pressed to see it in public. The Dubai Municipality’s Waste Management Department is responsible for ensuring Dubai …
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Saudi Arabia and United Arab Emirates introduce VAT for first time
But governments want to increase revenue in the face of lower oil prices. The tax kicked in on 1 January in both countries. The UAE estimates that in the first year, VAT income will be around 12 billion dirhams (£2.4bn; $3.3bn). Petrol and diesel …
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New era in UAE as VAT takes effect
The UAE along with Saudi Arabia has taken the pioneering step … impact on the economic growth and inflationary pressures. As for business that are integrating VAT into their invoicing, accounting and auditing systems, it is likely to come with some …
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Veteran Egyptian journalist dies in Dubai
He was 83. He was suffering from cancer and underwent surgery in Dubai, Egypt’s official Middle East News Agency (mena) reported. Born on January 12, 1934 in the Egyptian city of Suez, Nafae became the editor of Al Ahram in 1979, a post he held until 2005.
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Dubai rings in New Year with laser spectacular
Dubai (AFP) – Dubai celebrated the New Year Sunday with a spectacular midnight laser show at Burj Khalifa, the tallest tower in the world. As the clock ticked to midnight the 828-metre (2,716-foot) tower was lit up with the green, white, black and red …
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Dubai Sheikhs things up! City state emblazons face of UAE founder on world’s tallest skyscraper in spectacular laser display after CANCELLING planned fireworks due to ‘security …
Dubai’s New Year’s Eve fireworks display was abandoned this year due to ‘security concerns’, with the United Arab Emirates city opting for a world-record breaking light display on the Burj Khalifa. Two years ago, the city suffered a scare when a huge …
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Abu Dhabi celebrates New Year with fireworks and concerts
Abu Dhabi always makes very nice fireworks shows when New Year comes, so it’s very exciting and fun to watch. The shows are always different and it’s a nice experience to watch it along with my friends,” he told Gulf News. Chloé Ramamonjisoa …
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Tunisia demands formal UAE apology over women ban
Tunisia is demanding a public apology from the United Arab Emirates after Emirates Airlines denied boarding to Tunisian women on flights to the Gulf country. On Friday, the UAE-owned carrier stopped accepting Dubai-bound female passengers from Tunisia.
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Good news: clear skies expected for New Year’s Eve
Dubai: Weather is not expected to spoil your revelry for New Year’s Eve. Even though fog is forecast for early Monday morning, a spokesperson from the National Centre of Meteorology told Gulf News it is not expected to form around midnight.
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Dubai signs deal to set up kidney dialysis centre
SRG Holdings will fund the design and construction of the Dubai Dialysis Centre, state news agency WAM reported. The centre will have 60 rooms, of which 42 will be patient rooms, and 18 will be private rooms to serve the needs of patients, who are …
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Abu Dhabi non-oil foreign trade dips to $36.4bn
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No New Year cheer for UAE property market
Abu Dhabi and Dubai. Arab News takes a look at how the two markets are looking this year. Dubai: A mixed bag with hopes of a “bottoming out” in 2018 According to a report by property consultancy Cluttons, the three years up until winter 2017 were “ve …
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Robot volunteer joins Dubai Police
Dubai: A robot has joined Dubai Police to raise awareness about dangers of drug abuse. Called ‘Amal the volunteer’, the robot will interact with public in different areas and gatherings to raise awareness about drug abuse. Social media accounts of …
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