01 Nov, 2016
The UAE has no plans to impose new taxes on individuals and the government is not studying the introduction of more fees for services, Younis al-Khouri, under-secretary at the finance ministry, told the Al Bayan newspaper.
Governments across the Gulf have been planning fresh ways to raise money as low oil and gas prices open up big deficits in state budgets.
In 2018, the six members of the Gulf Cooperation Council plan to introduce value-added tax.
However, Khouri’s remarks appeared to rule out, fo
01 Nov, 2016
Complaints made by migrant workers in Qatar against their employers have fallen by 30 per cent since the government banned cash-in-hand salary payments last year that rights groups say puts workers at risk.
Qatar’s ministry of labour said on Wednesday that an electronic payment scheme introduced last November was improving the situation and had made it easier for authorities to penalise employers not paying workers in full and on time.
The Gulf country, which rarely releases figures on labour abuse, is under pres
01 Nov, 2016
The Corporate Group announced the launch of an endowment program, open to Emirati entrepreneurs. The endowment initiative was launched by The Corporate Group following announcement of the 'Global Vision for Endowment', which was launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President and Prime Minister and Ruler of Dubai, to revive the practice of endowment through innovative applications. This new endowment initiative offers Emirati entrepreneurs free office space and free consultation to run their business.
25 Oct, 2016
UAE President His Highness Sheikh Khalifa bin Zayed Al Nahyan has issued the country’s new bankruptcy law through a decree.
Sheikh Khalifa issued Law Decree no. 9 on bankruptcy and others relating to the Federal Supreme Court, crimes against the federation, the federal courts and drug trafficking countermeasures.
The long-awaited bankruptcy law will mean executives and businessman will be able to avoid a jail sentence if their company fails to pay debts.
It is expected to take effect in December or
22 Oct, 2016
Dubai: The Expo 2020 Dubai Bureau has given an update on the construction of Expo 2020, which will open its doors in almost exactly four years.
Early works are expected to be completed by the end of this year, including completion of excavation of the basement for the three thematic districts. Construction of the thematic districts is set to begin in 2017, according to a statement emailed to Gulf News on Thursday. The peak of infrastructure activities as the media centre, VIP facilities and other operational areas will be complet