Economy

The value of the dirham against the top four global currencies rose from 1.2% to 4.2% in one month, according to the analysis of the exchange rate of the local currency against international currencies based on the exchange rate issued by the UAE’s Central Bank. The dirham rose against the …

Dubai Investments has reported net profit of AED724 million for the nine month period ending 30th September, 2018, compared to AED830 million for the same period last year. Total assets grew to AED19.44 billion and total income during the period increased to AED2.42 billion from AED2.03 billion for the same …

His Highness Sheikh Mohammed bin Rashid Al Maktoum, the Vice President, Prime Minister and Ruler of Dubai, has affirmed that the UAE has become a global hub for innovation, entrepreneurship and investment thanks to the significant efforts made by the Federal Government and other local departments to create a world-class …

Service centres of 40 governmental and semi-governmental entities, along with a number of private entities, in Dubai are scheduled tomorrow (Sunday) to stop executing transactions requiring payment of fees for more than 1,100 service, through their counters. Employees of these centres will guide customers to conduct transactions, pay bills and …

The Federal Tax Authority (FTA) has revealed that compliance with Tax Returns requirements for Excise Tax one year after its introduction in the UAE has amounted to 97.7% of registered businesses – one of the highest rates in the world – while the total number of registrants reached 715 registrants. …

More than 25 percent of the world’s 500 largest companies have UAE as the regional base of their operations in the Middle East and North Africa in yet a new sign attesting to the prestigious position boasted by the country as one of the world’s most preferred investment hubs. According …

The government of the UAE is the first administration in the Arab world to prepare its budgetary planning for more than three years at a time, and this multi-annual approach is paying dividends when it comes to planning in earnest and making fiscal provisions for all its citizens, an editorial …

The UAE bourses closed in the green today amidst bullish sentiment on the back of a buying spree targetting the realty and banking sectors thanks to which the trading companies gained AED3.8 billion in market cap. Within this context, the Abu Dhabi Securities Exchange General Index rose to 4,979 points, …

Under the patronage of H.H. Dr. Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, the Emirate of Sharjah will host the fifth session of the UAE Economic Planning Forum on the 21st of November and under the title “Future Economy Accelerators… Knowledge… Innovation.. and Developing …

The Federal Tax Authority (FTA) has called on businesses registered in the Value Added Tax (VAT) system whose tax period ended on 31st August, 2018, to submit their tax returns as soon as possible and not wait until the deadline to avoid any delays. The Authority stressed the need to …