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UAE records 97.7 pct excise tax compliance

ABU DHABI / WAM The Federal Tax Authority (FTA) has revealed that compliance with tax returns requirements for excise tax one year after its introduction in the UAE has amounted to 97.7% of registered businesses — one of the highest rates in the world — while the total number of registrants reached 715 registrants. Khalid Ali Al Bustani, Director General ...

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Abu Dhabi Ports, MSC join hands on blockchain solution

Emirates Business Maqta Gateway LLC, an Abu Dhabi Ports subsidiary, announced that it is to carry out its first testing of international blockchain solution Silsal with a maritime operator in partnership with MSC Mediterranean Shipping Company, a global leader in shipping and logistics. The announcement marks the latest milestone for Silsal. The innovative solution provides a seamless and secure link ...

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UAE, Sweden to boost ties in innovation in food tech

STOCKHOLM / WAM Mariam Hareb Almheiri, Minister of State for Food Security, met Elisabeth Backte- man, State Secretary of Swed-ish Ministry of Enterprise and Innovation, to discuss means of enhancing ties in innovations in food technology. This meeting was held as part of UAE minister’s visit to Sweden, where she visited a number of research centres and companies which support ...

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