BARCELONA / WAM The United Arab Emirates is ranked first for the highest-Fiber-to-the-Home (FTTH) penetration among all its global counterparts for a second year in a row, according to the FTTH Council. The council published its annual report that highlighted UAE with a coverage of 94.3 percent compared to countries such as Singapore (90.3 percent), South Korea (81.6 percent), Hong ...

DUBAI / Reuters The emirate of Sharjah has picked banks including HSBC and Sharjah Islamic Bank to arrange a US dollar-denominated sukuk issue, sources aware of the matter said on Monday. The banks include several international and local lenders, the sources said. The government of Sharjah and HSBC declined to comment, while Sharjah Islamic Bank did not immediately respond to ...

Abu Dhabi / WAM The Federal Tax Authority (FTA), has called on all businesses registered for the Value Added Tax (VAT), whose first tax periods end on January 31, to submit their tax returns and pay their due taxes no later than 28th February in order to avoid administrative penalties. Khalid Al Bustani, FTA Director General, said the Authority has ...