Media In – Abu Dhabi February 5, 2018 UAE Central Bank assets increased by AED 42 billion in 2017, an increase of 11.5% compared to 2016, according to the latest figures issued by the Bank. The Central Bank’s assets reached AED 406.4 billion in December compared to AED 364.45 billion …
Read More »AED 1.5 billion in real estate transactions in Dubai
Media In – Dubai February 5, 2018 Real estate transactions in the Dubai Land Department have generated more than AED 1.5 billion, of which AED 1.2 billion were mortgages through 51 transactions. The department today recorded 167 million dirhams worth of AED 300 million, of which 18 plots of land …
Read More »Abu Dhabi’s Week in India: Economic initiative to attract investments
MediaIn – New Delhi on February 4, 2018 Abu Dhabi week will be held in the capital of New Delhi, India tomorrow, and will continue until February 9th, which is a platform launched by the Department of Economic Development in Abu Dhabi to unite the efforts of public and private …
Read More »“Federal Taxation”: “Additive” within the price of the advertised item with discounts
Media In – Abu Dhabi 4 February The Federal Tax Authority explained that the final reduced prices declared for the goods during the promotion offers must be included in the 5% value added tax which is calculated within the specified price after reduction by the sales outlet or the service …
Read More »The value of cash out of banks during the year 2017 is 67.7 billion dirhams
Media In – Abu Dhabi 4 November 2018 WAM The total balance of cash traded outside banks operating in the UAE jumped to its highest level since June after reaching 67.7 billion dirhams at the end of December 2017, an increase of 5.4 billion dirhams compared with the balance in …
Read More »Study: UAE remains the best in confidence in investments and no effects of “additive”
Media In – Dubai 4 February 2018 WAM A recent study showed that the UAE has the lowest global and regional value added tax, compared to countries including Britain, Switzerland, Germany, Mexico, South Africa and Australia, and is the least Arab country among the countries that apply value added tax …
Read More »BizTweet provides flight updates in Abu Dhabi via Twitter and Facebook
Media In – Abu Dhabi February 4, 2018 Abu Dhabi Airports has begun to include real-time flight updates via Twitter and Facebook accounts thanks to the new BizTweet service launched this week. Ahmed Al Shamsi, Acting Chief Operating Officer, Abu Dhabi International Airport, said in a press release that “Providing …
Read More »February 28 is the Due date to submit tax returns for the first period
MediaIn – Abu Dhabi 4 February The Federal Tax Authority has invited the business sectors registered with the Authority within the value added tax system, whose first tax period ends at the end of January 2018, in order to prepare for submission of its declarations, indicating that these statements must …
Read More »“Pioneer” To become the basis of accounting merit in the financial of Ras Al Khaimah
MediaIn – Ras Al Khaimah The Department of Finance in Ras Al Khaimah has started implementing the program of transformation to the basis of accounting merit at the government level, which will have an impact on developing the efficiency of public money management, enhancing the level of transparency and accounting …
Read More »Dubai Economy: Workshops and Field Visits to follow up the implementation of the new standards for grocery stores
MediaIn – Dubai Dubai Economy is implementing the new standards for the licensing of grocers operating in the Emirate of Dubai in accordance with international standards. This will enable the unified commercial identity in all grocers to have a consistent appearance from inside and outside through organizing a series of …
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