Abu Dhabi / WAM The Ministry of Finance (MoF) has announced that the Federal Financial System has been updated and is ready to manage all financial transactions related to the value added tax (VAT). All federal entities linked to the Federal Financial System are able to perform various VAT-related transactions through the system, which has been updated in conjunction with ...

Egypt / Emirates Business Dr Ismail Abdel Ghafar, President at the Arab Academy for Science, Technology and Maritime Transport (AASTMT) and Marasi News signed a protocol for media collaboration that aims at highlighting the great economic capabilities infatuated by the Arab maritime sector. The agreement also reinforces the strategic role of the Arab Academy as one of the most important ...

Bloomberg Huawei Technologies Co. warned of its slowest revenue growth since 2013, despite making headway against Apple Inc. in global smartphones. Revenue at China’s biggest telecommunications gear maker probably rose 15 percent to $92 billion in 2017, rotating Chief Executive Officer Ken Hu said in a letter to staff posted on the company’s verified WeChat account. That’s down from 2016 ...