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 …
( read original story …)
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 …
( read original story …)
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 …
( read original story …)
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 …
( read original story …)
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 …
( read original story …)
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 …
( read original story …)
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 …
( read original story …)
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 …
( read original story …)
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 …
( read original story …)
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 …
( read original story …)
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 …
( read original story …)
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 …
( read original story …)
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 …
( read original story …)
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 …
( read original story …)
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 …
( read original story …)
Regional developments ‘to impact Dubai real estate’
Recent geopolitical developments on the regional front and new residential legislation in Dubai – with prime focus on affordable housing – are both likely to impact the emirate’s property market, according to leading international real estate consultancy …
( read original story …)
UAE start-up makes life child’s play for parents
My experience from the corporate world has been invaluable building the business, as has my journey as a mother. What gap in the market were you initially trying to fill? Hire4Baby.com considers itself an ancillary service to UAE tourism, and the intention …
( read original story …)