Saturday 18 November 2017

Abu Dhabi Global Market now home to over 500 firms

Abu Dhabi Global Market (ADGM), the international financial centre in Abu Dhabi, has recorded more than three-fold increase in total number of registered companies and financial institutions from a broad range of industries and sectors in its second year of operations.  &nbs


Mubadala, 2 French firms sign investment deal

Mubadala Investment Company, the Abu Dhabi-based strategic investment vehicle, will join CDC International Capital, a subsidiary of Caisse des Dépôts Group dedicated to direct investments alongside sovereign wealth funds, and Bpifrance, co-owned by Caisse des Dépôts


Visa launches new payment wearables

Visa, the exclusive payment technology partner at the Olympic and Paralympic Games, has introduced three commercially available wearable payment devices. In the spirit of the Olympic Winter Games, Visa created NFC-enabled payment gloves, commemorative stickers and Olympic pins th


Amanat nine-month profit jumps 8.5pc

Amanat Holdings, a leading healthcare and education investment company, has recorded a net profit of Dh39.9 million ($10.8 million) for the first nine months of the year, an 8.5 per cent increase compared to the same period in 2016. Total Income grew to Dh75.6million, a 21.8 per


UAE Finance Ministry issues regulation on VAT law

The UAE Ministry of Finance has announced the Executive Regulation for the Federal Decree-Law on Value Added Tax at a Cabinet meeting held yesterday (Nov 7).   The regulation defines VAT as the 5 per cent tax imposed on the import and supply of goods and service


UAE firms urged to voluntarily register for VAT

Businesses in the UAE can register voluntarily for value-added-tax (VAT)  if the total value of their taxable supplies exceeds Dh187,500 ($51,036) or if the business expects to exceed that threshold in the coming days, said experts. “Although VAT registration is requir

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