ABU DHABI / WAM The Abu Dhabi Department of Economic Development (Added) has unveiled Industrial Talent Programme to develop, attract, and upskill human capital in the industrial sector to meet the rising demand for knowledge-based jobs. The announcement was made by Rashed Abdulkarim Al Blooshi, Undersecretary of Added at the first edition of the Abu Dhabi Industrial Talent Majlis, which …

ABU DHABI / WAM The Ministry of Finance has issued ministerial decision No 120 of 2023 on transitional rules for corporate tax, providing guidelines  for adjusting a taxable person’s opening balance sheet under the corporate tax law. Younis Haji Al Khouri, Undersecretary of the Ministry of Finance, said, “Transitional rules for corporate tax provide important clarifications for businesses that need …

RAS AL KHAIMAH / WAM For the second year in succession, Ras Al Khaimah’s credit rating has been affirmed at ‘A’ with a Positive Outlook, according to international credit rating agency Fitch. US-based Fitch Ratings, one of the “big three” credit ratings agencies, stated that the Emirate’s positive outlook reflected strong foundations of “solid fiscal metrics; the benefits of its …