ABU DHABI / WAM Valued-added tax (VAT) to be introduced in the UAE in early 2018, will reflect positively on the economy and the government’s financial stability, as the money levied will be used to launch new developmental projects, a senior official said on Monday. “The proposed five percent VAT will be applied to consumption and not on savings ...

  Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, stressed the importance of long-term investment in innovation and supporting UAE innovators and enabling them to turn their ideas into innovative projects that benefit people. “Supporting UAE innovators is a key pillar of the future work and efforts ...

  Sharjah / WAM His Highness Dr. Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, and President of the University of Sharjah (UoS) on Monday received a delegation from ABET, the US-based Accreditation Board for Engineering and Technology, who are on a visit to the emirate. The parties discussed academic progress being made by the UoS. ...