Friday 26 August 2016
 
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Ministry of Finance

UAE ministry set to update employee records

UAE’s Ministry of Finance (MoF) will begin uploading Emirates ID numbers within employees’ records in the Federal Financial System, an essential reference for all financial transactions and procedures. The ministry wil

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UAE signs tax info deal with ADGM

The UAE Ministry of Finance has signed an agreement with Abu Dhabi Global Market (ADGM) on the automatic exchange of information for tax purposes in its premises. This step follows the ministry’s commitment to exchange tax i

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MoF strengthens partnership with Dubai foundation

The UAE’s ministry of Finance (MoF) has signed a memorandum of understanding (MoU) with Dubai’s Mohammed bin Rashid Al Maktoum Foundation (MBRF), to strengthen cooperation between the two entities.   

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UAE to set up World Bank office in Abu Dhabi

UAE has signed an agreement to establish an International Bank for Reconstruction and Development (World Bank) office in Abu Dhabi in a bid to strengthen its regional and international financial and economic relations. The announc

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VAT plans delayed by disagreement in region: UAE

The United Arab Emirates is still studying a proposal to impose a value-added tax but introduction has been delayed by a lack of agreement among neighbouring states on rates and exemptions, the Ministry of Finance said on Tuesday.

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Saudi sukuk issuance hits $10.5bn in 2012

Saudi Arabia issued $10.5 billion in sukuk in 2012, representing a 278 percent year-on-year increase, positioning the kingdom as the second major global issuer of sukuk after Malaysia, according to a new Kuwait Finance House report.

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UAE, Serbia pact to avoid double taxation

The UAE and the Republic of Serbia signed an agreement yesterday to avoid double taxation on income between both countries at the headquarters of the Ministry of Finance in Abu Dhabi. The agreement was signed by Obaid Humaid Al Ta

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MoF launches new budgeting system

The Ministry of Finance (MoF) has announced the launch of an automated budgeting system for independent federal entities in Abu Dhabi, in a bid to ensure the best use and development of federal government resources. This is in lin

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UAE, Fiji in pact to remove double taxation

The UAE and the Republic of Fiji signed a final agreement to eliminate double taxation on income, in a move aimed at bolstering economic ties and enhance trade development between the two countries. The agreement was signed by Younis Ha

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GCC property deals in UAE up 32pc

Registered property contracts of GCC nationals in the UAE increased by 32 per cent amounting to 44,902 contracts in 2011 compared to 34,029 contracts in 2010, said a report. The annual statistical report on the Gulf Common Market

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