Dubai / Emirates Business The adoption of value added tax (VAT) by the GCC countries represents a major shift in tax policy that will impact all segments of the economy and lead to a fundamental change in the way businesses operate across around the region. According to EY, the VAT of 5% is expected to produce revenues of over …

  SHARJAH / WAM Sharjah has successfully sounded out increased opportunities for doing business with Far East Asia following the participation of ‘Invest in Sharjah’ at two key summits. An initiative of the Sharjah FDI Office, Invest in Sharjah took part in events in both South Korea and Shanghai to introduce businesspersons in two of Asia’s strongest economies to the emirate’s …

  Dubai / WAM The Dubai Gold and Commodities Exchange, DGCX, today signed a Memorandum of Understanding (MoU) with the Chinese Gold and Silver Exchange Society (CGSE) in Hong Kong. As leading markets for precious metals trading, this collaboration will enable both DGCX and CGSE to deepen their penetration into emerging markets and further develop the precious metals markets in Asia …