Business & Money | Sunday 6 October, 2024 10:31 am

Ministry of Finance announces amendments to Executive Regulations of Federal Decree-Law on Value Added Tax

The Ministry of Finance announced that the UAE Cabinet has approved Decision No. 100 of 2024, which amends certain provisions of the Executive Regulations of Federal Decree-Law No. 8 of 2017 on Value Added Tax (VAT).The Ministry emphasised that these amendments reflect its ongoing commitment to...

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Business & Money | Sunday 6 October, 2024 10:28 am

Federal Tax Authority participates in cooperation forum of Belt and Road Initiative in Hong Kong

The United Arab Emirates, represented by the Federal Tax Authority (FTA), participated in the 5th Forum on Cooperation between Tax Administrations for the Belt and Road Initiative, which was held in Hong Kong. The three-day forum was attended by representatives from tax authorities,...

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Business & Money | Sunday 6 October, 2024 10:15 am

Aviation sector shines with positive growth indicators on 'UAE Civil Aviation Day'

The UAE's aviation sector today celebrated the “UAE Civil Aviation Day”, which falls on 5th October each year, marking the anniversary of the first airplane landing in the UAE, specifically in the Emirate of Sharjah, on the same day in 1932. The runway for the airplane landing was prepared in...

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Business & Money | Sunday 6 October, 2024 10:10 am

Subscription to Sah product starts on Oct. 6, return set at 4.92%

Individuals will start subscribing to the October issuance of the Shariah-compliant, government-backed savings product (Sah) on Oct. 6. The sukuk are issued by the Ministry of Finance and are arranged by the National Debt Management Center’s (NDMC). The return was set at 4.93%,...

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Business & Money | Sunday 6 October, 2024 10:05 am

stc Group and Ooredoo Group Collaborate to Elevate the ICT digital ecosystem

In a significant step towards advancing the region's digital landscape, leading digital enablers and telecom players stc Group and Ooredoo Group have signed a Memorandum of Understanding (MoU) to establish a strategic collaboration. This collaboration aims to enhance the ICT ecosystem and expand...

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Business & Money | Sunday 6 October, 2024 10:02 am

Naseej Tech inks SAR 13.8M deal with NeLC

Naseej for Technology Co. (Naseej Tech) signed a contract with the National e-Learning Center (NeLC) to provide all services to build university short programs, for a value of SAR 13.8 million (VAT Inclusive). In a statement to Tadawul, the company said that the contract has a term of seven...

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Business & Money | Sunday 6 October, 2024 10:00 am

Almuneef signs SAR 4.5M contract with Al-Jouf Agricultural

Almuneef Co. for Trade, Industry, Agriculture and Contracting signed on Oct. 3 a contract to buy 2,000 tons of wheat seeds with Al-Jouf Agricultural Development Co. at a total of SAR 4.5 million, exclusive of VAT, other taxes and fees. These additional fees will be added to ...

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Business & Money | Sunday 6 October, 2024 9:57 am

ADQ Appoints Modon as Master Developer for Ras El Hekma Megaproject in Egypt

 In the presence of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, and His Excellency Abdel Fattah El-Sisi, President of the Arab Republic of Egypt, ADQ, an Abu Dhabi-based investment and holding company, appointed Modon Holding PSC as the master developer for the Ras El Hekma ...

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Business & Money | Sunday 6 October, 2024 9:49 am

GOSI introduces AI-powered open data platform, employment support services, and super app

 In line with its strategy to be a generation-empowering partner, the General Organization for Social Insurance (GOSI) has launched several new and innovative services, as it introduced its new visual identity. GOSI has unveiled an AI-powered open data platform, which offers a seamless...

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Business & Money | Saturday 5 October, 2024 10:14 am

‏Saudi and Qatari Ministers of Finance Sign MoURegarding Cooperation in Finance Sector

His Excellency the Saudi Minister of Finance, Mr. Mohammed Aljadaan, and His Excellency the Qatari Minister of Finance, Mr. Ali Alkuwari, signed a Memorandum of Understanding (MoU) between the Kingdom of Saudi Arabia and the State of Qatar to cooperate in the finance sector. It was signed on the...

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