Abu Dhabi / Emirates Business Yahsat, a leading global satellite operator based in the UAE, has announced that its third satellite Al Yah 3, located at 20°W has successfully completed its in-orbit testing, and is ready to support the launch of commercial services. The satellite will expand Yahsat’s Ka-band coverage to 19 additional markets across Africa covering 60% of the ...

Dubai / WAM In his capacity as Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, and Prime Minister of UAE has issued Law No. 07 of 2018, establishing ‘Watani Al Emarat Foundation’ as a public entity. According to the Law, the new Foundation will replace the ‘Watani Programme’. All liabilities, commitments, assets, and responsibilities of the ...

Abu Dhabi / WAM The Federal Tax Authority (FTA), asserted that the new Cabinet Decision issued to regulate Value Added Tax (VAT), incurred by gold and diamond dealers registered with the FTA seeks to establish the adequate legislative environment and infrastructure for the gold and diamonds sector to thrive. The decision also improves cash flow among registered suppliers of gold ...