DUBAI / WAM The Federal Tax Authority (FTA) has clarified the criteria that determine whether it is the supplier or end-consumer that bears the cost of the VAT on goods and services set to be delivered fully or partially in 2018, but had been contracted before the implementation of VAT. In a statement, the Federal Tax Authority clarified that according ...

GENEVA / WAM The United Arab Emirates (UAE) has joined a chorus of international actors in calling for respecting a truce in Syria’s eastern Ghouta and affirmed that the Syrian people had experienced brutal confrontations and systematic targeting and could not tolerate another bloody chapter. Obaid Salem Al Zaabi, Permanent Representative of the UAE to United Nations and other International ...

BAGHDAD / Reuters Iraq’s parliament approved on Saturday a long-delayed 104 trillion Iraqi dinar ($88 billion) 2018 state budget, two lawmakers told Reuters, though lawmakers from the semi-autonomous Kurdistan region boycotted the session. The budget of 104 trillion Iraqi dinars ($88 billion) is based on projected oil exports of 3.8 million barrels per day (bpd) at a price of $46, ...