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ADM inks deal to build AED8mn Bazar Al Mafraq

Dubai / WAM Saif Badr Al Qubaisi, General Manager of Abu Dhabi City Municipality (ADM) and Ali Mohammed Sadiq Al Baluchi, Chairman of Ghantoot Transport and General Contracting LLC, signed a partnership agreement for the construction of Bazar Al Mafraq at Al Mafraq Industrial Area. “The signing of the agreement is an integral part of a series of agreements signed ...

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FAB’s profit rises 16% to AED3bn in third quarter

Bloomberg First Abu Dhabi Bank (FAB), the UAE’s largest bank and one of the world’s largest and safest financial institutions, reported its financial results for the nine-month period ending on September 30, on Monday. According to FAB financial statement, the group posted a net profit of AED9.1 billion, up 12 percent year-on-year; annualised Earning Per Share (EPS) at AED1.07; third ...

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UAE tourists can reclaim VAT from November 18

Emirates Business The Federal Tax Authority (FTA) has announced that tax refund for tourists scheme goes into effect on November 18, allowing eligible tourists to request refunds of the value added tax (VAT) incurred on their purchases. The first phase will see the digital system of the tax refund for tourists scheme implemented at Abu Dhabi, Dubai and Sharjah International ...

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