ABU DHABI / WAM The Federal Tax Authority (FTA) has issued a guide outlining the application of corporate tax to free zone persons in line with the Free Zone Corporate Tax regime, which enables qualifying free zone persons to benefit from a 0% corporate tax rate on qualifying income. The guide provides general guidance on the application of the Corporate …

DUBAI / WAM DP World and Saudi Ports Authority (Mawani) have commenced construction of a new SAR900 million ($250 million) logistics park at Jeddah Islamic Port, set to provide state-of-the-art storage and distribution facilities, as well as boost trade in the Kingdom of Saudi Arabia and the wider region. The 415,000 sq m greenfield facility will feature 185,000 sq m …

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a congratulatory message to President Salome Zourabichvili of Georgia on her country’s Independence Day. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice …