Dubai / WAM The Federal Tax Authority (FTA), and Dubai Land Department (DLD), have confirmed that the UAE’s recently introduced VAT will have a limited impact on the real estate sector. FTA and DLD have stated that all real estate transactions, with the exception of the sale of vacant commercial properties and commercial property leases, will be either not subject ...

Bloomberg President Donald Trump welcomed Saudi Crown Prince Mohammed bin Salman as a friend of the US. “A lot of people are at work” because of Saudi Arabia’s business, Trump said, adding that the kingdom has finalised $12.5 billion in purchases of planes, missiles and frigates from US companies. Crown prince Mohammed praised the kingdom’s “really deep” relationship with the ...

Bloomberg US President Donald Trump spoke to Vladimir Putin on Tuesday, hours after the Kremlin said there’d been no call to congratulate the Russian leader on his re-election. Trump “congratulated Vladimir Putin on his victory in the presidential elections,” and the two leaders discussed a possible meeting, the Kremlin said in a statement. “The conversation was constructive and business-like, and ...