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The Federal Tax Authority (FTA) has clarified that taxpayers failing to pay the due corporate tax for each month or part thereof shall be subject to a monthly penalty of 14 percent per annum. This penalty is imposed on the unpaid tax amount and is calculated from the day following …

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, stated that the UAE continues to enhance its housing system to support citizens and address their needs promptly and effectively. H.H. Sheikh Mohammed said that approvals issued in January under the Sheikh Zayed Housing …

China’s gold production rose by 0.56% to 377.24 tonnes in 2024, while the People’s Bank of China increased its gold reserves by 44.17 tonnes to reach 2,279.57 tonnes by the end of the year, maintaining its position as the world’s sixth-largest gold holder. China’s gold consumption declined by 9.58% to …

The United Arab Emirates has strongly condemned and denounced the Israeli occupation forces’ attack against the city of Jenin in the occupied West Bank. In a statement, the Ministry of Foreign Affairs (MoFA) called on the international community to fulfill their responsibilities to end the continuous Israeli violations, emphasising the …

The United Arab Emirates has welcomed the successful mediation efforts of the Sultanate of Oman to secure the release of 25 crew members from the Galaxy Leader ship, which had been detained off the Yemeni coast. In a statement, the Ministry of Foreign Affairs (MoFA) commended the efforts undertaken by …

With the blessing of His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, and His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince …

 Following the directives of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, and as part of the UAE’s commitment to address global humanitarian needs, the country provided comprehensive aid to the Republic of Chad from 25th December 2024, to 15th January 2025. The initiative was carried out to support …

China’s domestic tourism experienced remarkable growth in the number of trips and revenues in 2024, the Ministry of Culture and Tourism said on Wednesday. According to a report by China Daily, data from the Ministry indicates that in 2024, domestic tourism destinations saw approximately 5.62 billion visits, reflecting a 14.8 …

UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan today received His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai, in the presence of His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister, and Chairman of the Presidential …

H.H. Sheikh Ammar bin Humaid Al Nuaimi, Crown Prince of Ajman and Chairman of Ajman Executive Council, and Chairman of the Board of Directors of Ajman Bank, presided over the Ajman Bank Board of Directors meeting. The meeting was attended by Sheikh Rashid bin Humaid Al Nuaimi, Chairman of the …