ABU DHABI / WAM The Federal Tax Authority (FTA) has issued a directive, on an exceptional basis, extending to 28 May the deadline of submitting VAT returns and the payment of due tax for the tax period ended March 31, enabling taxable persons to meet their tax obligations without facing any difficulties. “This comes in light of the Federal Tax ...

Dubai / Emirates Business The UAE’s status as a vital global logistics hub is helping the global community effectively navigate the coronavirus pandemic – according to a new analysis by Dubai Chamber of Commerce and Industry (Dubai Chamber). Titled ‘UAE Logistics Sector – Connectivity and Resilience,’ the analysis highlights the country’s busy air cargo routes, high maritime freight connectivity, well-established ...

SHARJAH / WAM Dana Gas shareholders approved on Wednesday to distribute a 5.5 fils cash dividend for the financial year ended December 31, 2019. The move was made during the company’s annual general meeting, during which a feasibility study to separate the Dana Gas’ upstream and midstream businesses in a demerger was also given the green light by shareholders. The ...