DUBAI / WAM The Federal Tax Authority (FTA) announced digital system for tax refunds for tourists scheme will be ready to issue and process VAT refund claims for eligible tourists to recover tax incurred on their purcha-ses as of Sunday, November 18, at Abu Dhabi, Dubai and Sharjah airports. The authority revealed preparations are underway for phase 2 of the ...

Emirates Business The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, has initiated world’s first cross-border testing of fintech digital sandbox connectivity with Asean Financial Innovation Network (AFIN) between Abu Dhabi and Singapore. This is a continuation of ADGM’s first announcement in September to launch its fintech digital sandbox. To ...

DUBAI / Emirates Business Damac Properties Dubai Co announced financial results for the first nine months of 2018, reporting total revenue of AED5.2 billion ($1.42 billion), gross profit of AED1.9 billion and net profit of AED1.1 billion. During the first nine months of 2018, Damac delivered 3,800 units, compared to 1,923 units in the same period in the previous year. ...