where he highlighted the UAE’s appeal as a global business destination. Addressing UAE and Indian businesspeople at the event, he said, “The UAE has become a global hub for entrepreneurship and invest…
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UAE issues guide on foreign business refunds
The UAE’s Federal Tax Authority (FTA) has outlined four conditions that would allow foreign businesses to recover value-added tax (VAT) incurred in the UAE in a new guide published on its official web…
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UAE on track to become the Monaco of the Middle East
The UAE welcomes HNW investors of all religions and business backgrounds as residents. Indeed, Dubai first doubled in size at the start of the twentieth century when merchants from Iran fled surging t…
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Contest helps Emirati women lead in business
The contest, now in its second year, is aimed at encouraging female Emirati students to explore new business sectors. Organised by global professional services firm Ernst & Young (EY) and its correspo…
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Dubai economic agency seeks to promote Kuwaiti businesses
The Dubai Department of Economic Development (DED), represented by the Business Registration and Licensing (BRL) sector, and the Kuwait Business Council in Dubai and the Northern Emirates signed a mem…
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Lowry endures Sterne test to win Abu Dhabi Championship
(Reuters) – Shane Lowry claimed his first European Tour title since 2015 by winning the Abu Dhabi HSBC Championship on Saturday, finishing one shot ahead of South Africa’s Richard Sterne in a …
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FTA issues guidelines for foreign businesses’ VAT refund in UAE
The state may still submit a VAT refund application to reclaim VAT incurred in the UAE under this scheme, the FTA assured, outlining only three situations where VAT cannot be reclaimed. The first situ…
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Women increase their share of new Dubai business licences
The Department of Economic Development (DED) in Dubai issued 20,467 new licences during 2018 as the emirate continued to enhance its appeal as a destination for sustainable business growth. Overall, 2…
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UAE jobseeker scheme for women from developing countries set to be expanded
“It’s made such a huge difference to my life,” said Saviour Appam, who is on a six-month placement with DoubleTree by Hilton in Business Bay, Dubai, and is from the city of Ho in Ghana. “It’s an oppor…
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UAE issues VAT refund guide for foreign businesses
The UAE Federal Tax Authority (FTA) has outlined four conditions that would allow foreign businesses to recover value added tax (VAT) incurred in the country in a new guide on “VAT Refunds for Busines…
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UAE Federal Tax Authority issues guide on foreign business refunds
The Guide Outlines four conditions for business visitors to recover Value-Added Tax Refund applications for tax paid in 2018 can be submitted as of April 2019 Abu Dhabi: The Federal Tax Authority …
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Revealed: how much UAE consumers spend online
DAFZA had recently announced increasing the investment value in Dubai CommerCity by 18.5 percent, to around AED3.2 billion. Dubai CommerCity is divided into three clusters – the Business Cluster, the …
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‘What are the fines for overstaying on our UAE residence visa?’
We are leaving the UAE so don’t really want the hassle of a visa run. We are hoping to stay in Abu Dhabi until March 1, which would be 15 days over the 30-day allowance. Do we get an extra grace perio…
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Record Year For Dubai Business Events With 62% Boost In Delegate Wins In 2018
Dubai Business Events (DBE), the city’s official convention bureau, secured a total of 261 successful bids for meetings, conferences and incentives in 2018, which are set to attract an additional 153, …
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Dubai says event bid wins worth $330m in 2018
Throughout 2018, Dubai submitted 557 business event bids, up from 354 in 2017, and among the wins awarded were those for bids submitted in previous years. Dubai Business Events (DBE), the city’s offic…
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UAE grants first set of long-term visas to 20 scientists, researchers
The UAE government has granted the first batch of long-term visas to 20 scientists who were the winners and finalists of the Mohammad Bin Rashid Medal for Scientific Excellence. The announcement …
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Dubai’s non-oil economic growth slows in December
according to new data from the Emirates NBD Dubai Economy Tracker Index. Despite the growth, the statistics show that new business increased at the second-slowest rate in more than two years, with inf…
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