ABU DHABI / WAM The Central Bank of the UAE’s  (CBUAE) public budget reached an all-time high of AED650 billion by the end of June 2023, as revealed by its latest fiscal report. The report for June 2023 showed that a monthly increment of 0.2 percent led the public budget to rise to AED649.42 billion at the end of June, ...

ABU DHABI / WAM The Federal Tax Authority (FTA) confirmed that its flagship “Muwafaq Package” and “Specialised Tax Agent” transformational projects, which were both launched this year, have achieved remarkable results, effectively facilitating compliance procedures for taxpayers. Launching these projects forms part of the authority’s strategy to contribute to the government’s efforts to design major and rapid transformational projects that ...

ABU DHABI / WAM The Ministry of Economy has announced that Holiday Swap, a vacation exchange and booking platform with more than one million monthly users worldwide, is the latest company to join its NextGenFDI programme, the multistakeholder initiative that provides pioneering businesses from around the world with the market-entry fundamentals required to establish and scale their operations in the ...