Government | Sunday 30 July, 2023 9:28 am

Saudi Arabia welcomes G20 achievements to find sustainable solutions to environmental challenges

The Kingdom expressed its appreciation for the accomplishments of the G20 in finding sustainable solutions to environmental challenges and strengthening efforts to tackle land degradation, a significant threat to biodiversity, food security, and climate change adaptation. This acknowledgment was...

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Government | Sunday 30 July, 2023 9:22 am

MoF announces new cabinet decision setting additional conditions for investment funds' exemption from corporate tax

The UAE Ministry of Finance (MoF) today announced Cabinet Decision No. (81) of 2023, outlining additional conditions for Qualifying Investment Funds under the Federal Decree-Law No. (47) of 2022 on the Taxation of Corporations and Businesses. The Cabinet Decision stipulates additional conditions...

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Government | Sunday 30 July, 2023 9:15 am

MoF issues Cabinet Decision on Executive Regulation of New Tax Procedures Law

he UAE Ministry of Finance (MoF) today announced the issuance of Cabinet Decision No. (74) of 2023 on the Executive Regulation of Federal Decree-Law No. (28) of 2022 on Tax Procedures (New Tax Procedures Law).The Cabinet Decision repeals and replaces the existing Executive Regulation on Tax...

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Government | Friday 28 July, 2023 4:50 am

PIF Announces the Establishment of the Saudi Tourism Investment Company “Asfar”

The Public Investment Fund (PIF) announced today the establishment of the Saudi Tourism Investment Company (Asfar or the Company) to support the growth of the country’s tourism sector. The company will invest in new tourism projects and develop attractive destinations with hospitality, tourist...

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Government | Thursday 27 July, 2023 11:50 am

PIF and Oman Investment Authority Sign a Memorandum of Understanding To Expand Investment in the Sultanate of Oman

The Public Investment Fund (PIF) announced today that it has signed a Memorandum of Understanding (MoU) with the Oman Investment Authority (OIA). The MoU is intended to expand cooperation and investment between the two entities, enabling new and promising investments in the Sultanate of Oman’s...

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Government | Thursday 27 July, 2023 9:35 am

SEC approves second batch of housing subsidy beneficiaries

H.H. Sheikh Abdullah bin Salem bin Sultan Al Qasimi, Deputy Ruler of Sharjah and Deputy Chairman of Sharjah Executive Council (SEC), chaired on Tuesday, SEC’s meeting in the presence of H.H. Sheikh Sultan bin Ahmed bin Sultan Al Qasimi, Deputy Ruler of Sharjah and Deputy Chairman of SEC.During...

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Government | Thursday 27 July, 2023 3:13 am

Hatta Customs Center supports supply chains, handles 260 cargo trucks per day

The latest data from Dubai Customs show a total of 46,965 cargo trucks have been handled by the Hatta Border Crossing Customs Center over the first six months of this year, a daily average of 260 trucks mostly loaded with foodstuffs.   Dubai Customs said their integrated,...

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Government | Wednesday 26 July, 2023 9:32 am

Mohammed bin Rashid presides over swearing-in of new judges of Dubai Rental Dispute Settlement Centre

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, presided over the swearing-in of nine new judges of the Dubai Rental Dispute Settlement Centre at a special ceremony held at the Za’abeel Palace in Dubai. His Highness Sheikh Mohammed...

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Government | Wednesday 26 July, 2023 8:46 am

ISA’s 5th Regional Meeting of the Asia Pacific Region 2023 charts course towards solar-powered future ahead of COP28

The 5th Meeting of the Asia Pacific Region of the International Solar Alliance (ISA) today convened global energy leaders in Abu Dhabi, UAE, to advance solar energy deployment, in alignment with the COP28 Presidency's vision. The urgent need to develop and deploy...

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Government | Tuesday 25 July, 2023 11:37 am

RAKEZ celebrates long-term relations with its business community members

Ras Al Khaimah Economic Zone (RAKEZ) celebrates the long-standing relations it has cultivated with clients who have been active members of its business community for more than 5, 10 and 15 years. This milestone not only marks a significant achievement in their shared journey of success and growth...

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