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UAE Currently Does Not Intend to Increase VAT

The Ministry of Finance (MoF) has denied any plans currently to raise the Value Added Tax (VAT) in the United Arab Emirates. VAT is...

Saudi Arabia Triples VAT to Counter Economic Impact of Coronavirus

Saudi Arabia will increase its value-added tax, VAT, from 5 to 15 percent in July, the Finance Ministry said on Monday, as part of...

How Will Asset Management Be Affected by Covid-19 Crisis?

The Covid-19 pandemic is like nothing any of us has ever experienced. The crisis will undoubtedly have far-reaching implications for people, businesses and society...

World Tourism At Standstill as 100% of Countries Impose Restrictions on Travel

COVID-19 has placed the whole world on lockdown, with new research from the World Tourism Organization showing that 100% of global destinations continue to...

Recovery in Oil Prices Positive Catalyst for Regional Markets

Global equities performed positively during the week as investors are encouraged by synchronized policy responses by leading Central Banks, and gradual reopening of the...

Emirates Group Announces 2019-20 Results

Group records 32nd consecutive year of profit of AED 1.7 billion (US$ 456 million) Group revenue of AED 104 billion (US$ 28.3 billion) impacted by planned...

Predicted Global Impact of COVID-19 on Airport Industry Escalates

Airports Council International (ACI) World has released updated modelling that shows the worsening economic impact on the global airport industry. The forecasts of prolonged –...

The Biggest Private Coronavirus Donations

At the end of April, Forbes counted 77 billionaires who had donated to different causes to do with coronavirus relief. The biggest donation came...

If You Can’t Make Mortgage Payments, Here Is a Few Steps to Take

When you initially signed your mortgage contract in Dubai, you have been advised by your banker to run the numbers and make sure you...