The United Arab Emirates has no plan to increase value-added tax (VAT) to more than the current 5%, the ministry of finance said on Tuesday.
( read original story …)
UAE says no plan to hike VAT
… projects in accordance with the UAE government’s plans and mitigate impact of the Covid-19 pandemic The UAE’s Ministry of Finance on Tuesday said it raised Dh11.6 billion in value-added tax (VAT) …
( read original story …)
DIFC’s Innovation Hub to support Dubai’s future economic growth
The innovation mandate has expanded for the Dubai International Financial Centre (DIFC) the leading global financial centre and FinTech hub in the …
( read original story …)
UAE Reiterates It Currently Doesn’t Plan to Raise VAT
The United Arab Emirates reiterated that it doesn’t have any plans at the moment to raise the value-added tax after neighboring Saudi Arabia tripled the levy and Oman said it plans to start imposing …
( read original story …)
Don’t block traffic while waiting for your order, Sharjah motorists warned
The Sharjah Municipality has launched a campaign against motorists who block traffic by stopping their vehicles in the middle of the road to collect their orders from groceries, restaurants or other …
( read original story …)
Abu Dhabi Looks to Desert and Space Farming to Boost Food Supply
Abu Dhabi is stepping up investment in projects for farming in the desert — and even space — as the Covid-19 crisis prompts more efforts to safeguard food supply.
( read original story …)
SoftBank is reportedly considering moving its Vision Fund from London to Abu Dhabi
SoftBank is considering moving its Vision Fund from London to Abu Dhabi, according to a report from The Financial Times.
( read original story …)
SEE PICS | First look images of Abu Dhabi’s first Hindu temple set in backdrop of desert
Set in the backdrop of a middle eastern desert, the temple adorning ancient script-based stories on its walls, looks like a sight to behold.
( read original story …)
AI plays COVID-19 job stress reliever, but UAE has big plans for the technology
Removed from any pre-conceived assumptions, lacking the need for communication diatribe and fresh with analytical reasoning, AI is proving to be a favorite mentor, boss, and problem solver with United …
( read original story …)
Can US arms deal for UAE cement Abraham Accords with F-35s?
The Trump administration is seeking to push through an unprecedented arms deal for the United Arab Emirates, including 50 of the fifth-generation F-35 warplane and some 18 Reaper drones, according to …
( read original story …)
Will Changes In Harsh Laws Recharge United Arab Emirates As A Business And Tourist Destination?
Will changes to the Islamic legal code in the United Arab Emirates reduce the risk of arrest for business and leisure travelers?
( read original story …)
Rents: Get 1-bedroom home in Sharjah for as low as $3,270
Al Butina is the most economical area in Sharjah for tenants where rents cost between Dh12,000 to Dh21,000. > Rents …
( read original story …)
Three arrested in Abu Dhabi for trying to sell 45kg drugs
The Police have arrested a gang of three Asians for promoting drugs and seized more than 45kg of heroin and crystal meth from their possession. The police, on their official Facebook page, said that …
( read original story …)
Abu Dhabi’s non-oil foreign trade for 9 months hit $41bln
Abu Dhabi’s non-oil foreign trade sector demonstrated agility and preparedness, reaching AED151.18 billion ($41 billion) during the period from January to September, despite the Covid-19 pandemic. The …
( read original story …)
Abu Dhabi’s Etihad to make face masks for staff, health professionals
Abu Dhabi’s Etihad Airways on Tuesday said it had opened an in-house face mask production facility in its engineering department that is to manufacture masks for staff and health professionals. Demand …
( read original story …)
Abu Dhabi’s oil futures exchange to open March 29
Abu Dhabi will open a commodities exchange in March to rival those of Middle Eastern neighbors and allow investors to trade its crude using futures contracts for the first time. The ICE Futures Abu …
( read original story …)
New Abu Dhabi company from ADNOC-ADQ to build Dh18b ‘Ruwais Derivatives Park’, including a port
A new Abu Dhabi company has come into being that will develop a new industrial hub in the emirate. The Dh18 billion ‘Ruwais Derivatives Park’ will be built by Ta’ziz, which in Arabic means ‘creating a …
( read original story …)