DUBAI / WAM The Ministry of Economy (MoE) and the Mohammed bin Rashid Establishment for Small and Medium Enterprises Development (Dubai SME) signed a cooperation agreement to boost the competitiveness of the country’s entrepreneurship sector, as well as train national entrepreneurs and raise their capacities. The signing of the agreement was attended by Sultan bin Saeed Al Mansouri, Minister of ...

DUBAI / WAM Dubai Investments has announced a 36 percent increase in sub-leasing contracts in its wholly-owned subsidiary Dubai Investments Park (DIP) in the first nine months of 2017 compared to last year. “Out of these, nearly 68 percent contracts pertained to existing subtenants, reflecting DIP’s growing demand as a premier business destination in the region. The new subtenants during ...

ABU DHABI / WAM The Federal Tax Authority (FTA) has announced the sectors that will be subject to Value Added Tax (VAT) as of January 1, 2018, revealing selected sectors will be assigned zero-rated tax, such as education, healthcare, oil and gas, transportation and real estate. According to a statement released by the FTA, selected supplies in sectors such as ...