Dubai’s financial regulator fined private-equity firm Al Masah Capital Ltd. and barred its founder from working in the emirate’s financial center for allegedly deceiving investors about fees.
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Combating coronavirus: UAE expats organise first flight to India’s eastern region for stranded Odias
As India’s biggest-ever repatriation exercise to bring back its citizens stranded abroad gather steam, UAE expatriates from the Indian state of Odisha have managed to initiate and arrange the first …
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Filipina coronavirus survivor recalls her journey, thanks UAE authorities for supporting expats amidst pandemic
Out of work and with just enough money to pay the taxi for a one-way ride to the hospital, Abu Dhabi resident Aubrey Escano found out she was coronavirus positive on May 1. Uncertain about how she …
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UAE denies move to increase VAT
The UAE Ministry of Finance (MoF) has denied any plans currently to raise the value added tax (VAT) in the country. VAT is currently levied at 5%. The denial comes on the heels of Saudi Arabia …
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Dusty, windy weather alert issued in UAE on Monday
UAE has issued a weather alert for Monday with strong winds and high waves lashing the country. According to the national Met department, the weather forecast for today is dusty and partly cloudy over …
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Sharjah seizes over 1,200 bird-call devices used by hunters
Some 1,265 devices that were all used to attract birds – and hunt them down – have been seized in Sharjah, authorities said on Monday. After several intensive campaigns, the Sharjah Environment and …
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Abu Dhabi Offers 20% Refunds on Some Commercial Property Leases
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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