ABU DHABI / WAM The Ministry of Finance (MoF) on Tuesday issued the first VAT inclusive purchase order, and approved the first VAT invoice on its federal financial system, becoming the first federal entity to implement tax procedures and issue a tax invoice in 2018. The ministry provides a fully-integrated system, a technical support team, as well as a telephone ...

DUBAI / WAM Marks & Spencer (M&S) on Tuesday confirmed the sale and franchise of its retail business in Hong Kong and Macau to its long-established franchise partner Al-Futtaim. The sale, which completed on December 30, sees Al-Futtaim become the new sole franchisee for M&S in Hong Kong and Macau. Al-Futtaim has worked in partnership with M&S since 1998 when ...

DUBAI / WAM Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (DEWA) received a high-level delegation from Saudi Aramco company. The meeting heightened cooperation between the two organisations, with Saudi Aramco able to review practices and expertise at DEWA, including benchmarking and key performance indicators. The delegation included Khalid Al Salouli, Aramco Director and Head ...