Category Archives: Business & Finance

FTA determines tax treatment for ‘compensation-type payments’

ABU DHABI, The Federal Tax Authority, FTA, has issued a public clarification regarding tax treatment of compensation-type payments, noting that value added tax, VAT, is imposed on supplies of goods and services and if any payment does not relate to …

MOHAP to showcase smart health services at GITEX Technology Week 2018

DUBAI, The Ministry of Health and Prevention, MOHAP, has announced that it will participate in the upcoming GITEX Technology Week 2018, which will be held at the Dubai World Trade Centre from 14th to 18th October, 2018, to showcase its …

UAE takes part in IMF and WBG meetings

BALI, Indonesia, Obaid bin Humaid Al Tayer, Minister of State for Financial Affairs, is leading the UAE delegation at the International Monetary Fund (IMF) and World Bank annual meetings in Bali, Indonesia from 12th to 14th October.

The UAE delegation …

DP World Berbera port development work begins

DUBAI, Construction work on the development of the multi-purpose Berbera port in the Republic of Somaliland has started with a special ground-breaking ceremony to mark the occasion.

President of Somaliland Muse Bihi Abdi and DP World Group Chairman and CEO …

Masdar signs region’s first green revolving credit facility to drive sustainability goals

ABU DHABI, Masdar, Abu Dhabi Future Energy Company, has signed a green Revolving Credit Facility, RCF, with four local and international banks to provide funding for new and ongoing investments in its global clean technology and sustainable real estate projects.…

Op-Ed: Collective efforts of youth and government will drive sustainability

by Dr. Thani bin Ahmed Al-Zeyoudi, Minister of Climate Change and Environment DUBAI, While people of all ages share the goal of maintaining a sustainable and healthy planet, it is the youngest members of the global population who can have …