ABU DHABI/WAM The Federal Tax Authority (FTA) announced the launch of a new VAT refund system for E-Commerce Retail Purchases for tourists during their stay in the UAE, which is considered the world’s first of its kind. In a press release issued on Monday, the FTA explained that the launch of this new system, in collaboration with Planet, the authorised …

DUBAI / WAM In his capacity as the Chairman of Dubai Executive Council, HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence of the UAE, issued Executive Council Decision No.103 of 2024 appointing Huraiz Almur Bin Huraiz, as CEO of the Regulation and Social Services Sector at the Community …

ABU DHABI/WAM Adnoc announced on Monday it has signed a third Sales and Purchase Agreement (SPA) for the lower-carbon Ruwais liquefied natural gas (LNG) project, with Germany’s EnBW Energie Baden-Württemberg AG (EnBW), one of the largest operators of energy infrastructure in Germany and across Europe. The 15-year SPA for supplying 0.6 million tonnes per annum (mtpa) of LNG converts a …