Dubai Chamber to host workshops on VAT

The Dubai Chamber of Commerce and Industry will host two workshops in cooperation with the UAE’s Federal Tax Authority (FTA) to provide guidelines for complying with the forthcoming GCC-wide value-added tax (VAT). The Dubai Chamber of Commerce and ... ( read original story ...)

Several Dubai horses in the mix on Day Four

Battaash, an impressive winner of a Group 3 event at Sandown on his last start, represents Shaikh Hamdan Bin Rashid Al Maktoum, Deputy Ruler of Dubai and Minister of Finance, while Godolphin’s Profitable seeks his first win since he scorched home to win ... ( read original story ...)

UAE’s ENOC secures $500m revolving credit facility

Standard Chartered Bank and BBK B.S.C. ENOC Group’s chief executive, Saif Humaid Al Falasi, said: “Over the next five years, the group will focus on expanding capacities to support domestic energy demand in alignment with Dubai Plan 2021 and in ... ( read original story ...)

PU to set up campus in Dubai

LAHORE: The Punjab University (PU) Hailey College of Banking and Finance (HCBF) and Professionals and Accountancy Centre (PAC), established under Knowledge and Human Development Authority (KHDA), Dubai, on Thursday signed a memorandum of understanding for ... ( read original story ...)

Financial experts urge UAE businesses to prepare for VAT

Financial experts have warned that many businesses have an "unconscious defiance" about the introduction of VAT and will only begin taking the tax seriously when the "fines start coming through the door". The Tax Procedures Law issued this week laid down ... ( read original story ...)

UAE’s credit and deposit growth eased in June

Credit and deposits growth in the UAE’s banking sector eased in June according to the monetary data from the Central Bank of UAE. Gross loans fell by 0.5 per cent month on month. While the on ongoing weak credit demand has contributed to slower credit ... ( read original story ...)

UAE banking customers prefer mobile apps over call centres

UAE banking customers prefer making transactions via mobile banking channels rather than dealing with an adviser by phone, a new survey has revealed. About 61 per cent of UAE consumers said they preferred their bank’s website or mobile app to make a ... ( read original story ...)