Abu Dhabi, the oil-rich capital of the United Arab Emirates, started offering a 20% refund on the annual rental value of their commercial property leases of restaurants as well as tourism and …
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UAE has no plans to follow Saudi in VAT increase – official
Saudi Arabia earlier on Monday said that from July 1 VAT would increase to 15% from 5%, with the kingdom seeking to contain the financial hit caused by low oil prices. In a statement, the UAE finance …
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UAE rules out any change in VAT rate after Saudi hikes it to 15%
Al Arabiya TV also reported that the UAE has no plans to increase VAT. In a surprise move on Monday, Saudi Arabia increased VAT threefold to 15 per cent and also suspended the cost of living allowance …
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Abu Dhabi’s Mubadala hires banks for bond issues – sources
Abu Dhabi’s state fund Mubadala has hired banks for a potential three-tranche bond issue consisting of six-year and 10-year conventional bonds and 30-year dual-listed Formosa bonds, sources said on …
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UAE has no plans to hike VAT unlike Saudi Arabia
The UAE will not increase value-added tax (VAT) which is currently levied at five per cent, sources close to the Ministry of Finance said on Monday. Al Arabiya TV also reported that the UAE has no …
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No plans by the UAE to increase VAT, reports
The UAE has no plans to follow Saudi Arabia by increasing VAT, according to the country’s Ministry of Finance. On Monday the kingdom announced a range of austerity measures as the country battles …
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Combating coronavirus: 88 medics from India arrive in UAE to assist in war against pandemic
The first batch of 88 medical professionals from India landed at 8.20pm at T2, Dubai International Airport, to help with the fight against Covid-19 in the UAE. The nurses, who arrived via a special …
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‘Sicko Mode’ producer Hit-Boy gets involved in UAE music scene
Boy, who has worked with chart-topping stars such as Kanye, Drake and Beyonce, will be live on @Nomad_DXB’s Instagram page on May 13 to answer your questions, and give feedback on music from regional …
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UAE COVID-19 cases hit 18,198 in total
(MENAFN)Health officials of the United Arab Emirates (UAE) said on Sunday that 781 more patients have been diagnosed with coronavirus in the country, which has increased the case load of coroanvirus …
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VAT shock: UAE stocks dip on Saudi move to hike tax
But if UAE retains its current 5% VAT rate, it could have competitive advantages Dubai: UAE benchmarks fell on Monday, as investor sentiments dampened in the Gulf after Saudi Arabia pushed ahead with …
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UAE announces Eid al-Fitr public holidays to begin May 22
Fitr holiday will begin on May 22 for public sector employees, in a statement on the official Emirates News Agency (WAM) on Monday. The end date is likely to be May 26, but has not been confirmed yet …
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Emirati officials say fire strikes site of Dubai’s Expo 2020
A fire struck the site of Dubai’s Expo 2020 on Monday, though Emirati officials said no one was injured. The blaze saw thick black smoke rise over the site of the world’s fair in the southern edge of …
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The Latest: Site of virus-postponed Dubai Expo catches fire
The Latest on the coronavirus pandemic. The new coronavirus causes mild or moderate symptoms for most people. For some, especially older adults and people with existing health problems, it can cause …
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Dubai Chamber’s Online Training Introduces The UAE National Self Employment Platform
A new platform to promote skilled UAE citizens providing fee-based services to government and private agencies.
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Abu Dhabi’s culture goes online
Abu Dhabi’s tourist attractions and cultural events are closed in real life but they have opened up to virtual visitors.
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Dubai ruler: UAE after coronavirus will focus on medical, food, economic security
The UAE will focus on strengthening its medical, food and economic security as part of its strategy for the post-coronavirus era, as per the directives of Sheikh Mohammed bin Rashid Al Maktoum, Vice …
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UAE weather: Dusty skies, rough seas expected for two days
UAE residents can expect cloudy skies getting hazy at times across the emirates. According to NCM, skies across the emirates will be looking partly cloudy, with dust and sand blowing up especially …
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