Products covered by the new regulations include cigarettes and alcohol. Moreover, the UAE Ministry of Finance had also announced that a Value Added Tax on non-essential goods will take effect in January 2018. The implementation rate will be at 5 percent …
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No VAT on sale and purchase of shares in UAE
On Tuesday, Dubai Financial Market saw 451.2 million shares changing hands worth Dh525.2 million. Abu Dhabi Securities Exchange witnessed 62.8 million shares trading worth Dh100.6 million. As part of the wider Gulf Cooperation Council agreement …
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The Debt Panel: ‘I left the UAE without paying Dh170,000 in loans but the banks won’t help me return’
On this panel this week: Kunal Malani, head of customer value management, UAE and Mena at HSBC Middle East; Keren Bobker, an independent financial adviser with Holborn Assets and Michael Routledge, the founder of the debt advice site savememoney.ae.
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Dubai Financial Market : Deyaar’s stock hits highest level in 3M early Tuesday
Dubai – Mubasher: Deyaar Development’s stock on Tuesday registered its highest level in three months, or since 20 July’s trading session by 11:00 am UAE time. The stock rose 1.12% to AED 0.541 after 23.68 million shares were exchanged, through 188 …
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Dubai Financial Market : Mashreq Bank’s stock inches up 0.14% on DFM early Tuesday
Dubai – Mubasher: Mashreq Bank’s stock increased 0.14% to reach AED 74, after 22,560 shares were exchanged, through two transactions, with a turnover of AED 1.66 million on the Dubai Financial Market (DFM) on Tuesday by 11:15 am UAE time. The stock of …
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Victorian Trystan Sammut competes in WorldSkills in Abu Dhabi
The 20-year-old Victorian has to be millimetre perfect, with any discrepancy costing him points at this week’s “tradie Olympics” in Abu Dhabi. The gruelling competition challenged brickies to build a model house exterior, fireplace with hearth and a …
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Dubai Introduces The World’s Largest Solar Park
Government of Dubai approved a 700-MW extension to the Mohammed bin Rashid Al Maktoum Solar Park. It will give additional capacity of 5,000 MW by 2030, with a 260-m solar tower to take center stage. The solar park sits around 50 km south of Dubai and its …
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Nesma Telecom to Introduce Digital Telecom Towers in the UAE
Nesma Telecom & Technology, a subsidiary of Saudi Arabia-based multinational conglomerate Nesma Holding, has revealed its plans to foray into the UAE market with digital telecom towers that can carry the devices of more than one GSM operator. Nesma Telecom …
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Sheikh Mohammed launches UAE Artificial Intelligence strategy
With a Robocop patrolling the city’s malls, drones monitoring the streets and ample machines in place to make services quicker and more efficient, it’s safe to say that Dubai well and truly loves technology. So much so, that His Highness Sheikh …
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UAE MoF issues statement on VAT regulations
The UAE MoF is committed to working with the highest levels of transparency and disclosure principles, and will collaborate with the Federal Tax Authority upon issuing the executive regulation. Al Khoori stressed that the Ministry’s website and that …
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Lawyers report low take-up of UAE bankruptcy law
The UAE’s long-awaited bankruptcy law has yet to be applied … It provides traders with three options when in financial crisis – restructuring, preventative composition and (declaring) bankruptcy. However, it does not decriminalise bounced cheques …
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VAT items ‘yet to be determined’, says UAE finance ministry
Tax rates on goods and services are yet to be formally set, the UAE Ministry of Finance has said, ahead of the planned introduction of VAT on January 1. Undersecretary Younis Haji Al Khoori said the ministry is still in the process of preparing the …
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Smart benches at Dubai Police stations
Dubai: Visitors can charge their mobile phones and use high speed internet by using smart benches installed in front of six Dubai police stations, an official said on Wednesday. Lieutenant Colonel Shaikh Mohammad Abdullah Al Mulla, Director of Total …
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Vinokourov feigns surprise after Aru signs with UAE Team Emirates
Astana team manager Alexander Vinokourov has feigned surprise and disappointment after UAE Team Emirates announced it had signed … He was asked regularly for his news but never answered,” Vinokourov said, according to L’Equipe.
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UAE developer reveals plan for $6.8bn Dubai mega project
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Indians ready to capitalise on Dubai’s lucrative real-estate industry
Mumbai (Maharashtra)[India], Oct. 18 (ANI-NewsVoir): When it comes to buying property in Dubai, Indian investors are quite willing to shell out big sums, as per a recent survey. The study conducted by Dubai Property Show, reveals the purchase pattern of …
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Sentiment fuelled buoyancy fades in Dubai with property market correction forecast
Dubai’s residential property market has slowed with a correction likely ahead as rents fell in the second quarter of 2017, sales were down to a six year low and vacancies are rising. Phidar Advisory’s Dubai Real Estate Investment Demand Index (REIDI …
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