May, 2021

• 30 May

  Biden tax plan forecast to bring in $3.6tr in decade

  

  Bloomberg President Joe Biden’s proposed tax hikes are forecast to bring in $3.6 trillion over the next decade, the Treasury Department said, a key funding source for the $4 trillion he hopes to spend remaking the American economy and social safety net. The figure, representing the sum of all tax increases if enacted by Congress, came as is part of ...

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• 30 May

  Jawaher Al Qasimi directs allocation of $1m for Palestine

  Sharjah / WAM Under the directives of HH Sheikha Jawaher bint Mohammed Al Qasimi, wife of HH the Ruler of Sharjah, Chairperson of The Big Heart Foundation (TBHF) and Eminent Advocate for Refugee Children at the United Nations High Commissioner for Refugees (UNHCR), TBHF has mobilised $1 million to fulfill critical medical and psychological needs of children severely affected by ...

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• 30 May

  Oil posts best week since April on eve of summer travel season

  

  Bloomberg Oil posted its biggest weekly gain since the middle of April ahead of the US Memorial Day weekend that kicks off country’s summer driving season. West Texas Intermediate rises 4.3% this week. A spate of positive US economic data this week continued to highlight the recovery taking shape in the world’s largest oil-consuming country, while Americans are expected to ...

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• 30 May

  Covid-19: Dubai Economy sees 26 violations

  Dubai / WAM Ongoing field inspections by Dubai Economy across open markets and commercial establishments saw 26 fines being issued for violation of precautionary guidelines against Covid-19. The violations, detected in outlets spread across markets and malls, were mostly related to face masks or physical distancing. Increased visitors numbers across malls during the recent 3-day super sale had seen a ...

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• 30 May

  FTA to reduce penalties for various tax law violations

  

  Abu Dhabi / WAM The Federal Tax Authority (FTA), confirmed that Cabinet Decision No. 49 of 2021 on amending some provisions of the Administrative Penalties for Violation of Tax Laws in the UAE, is designed to support tax registrants and help them fulfill their tax obligations, thereby enhancing the state’s competitiveness in the field of conducting business. In a press ...

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• 30 May

  Abu Dhabi issues a reminder about home quarantine guidelines

  

  Abu Dhabi / WAM Abu Dhabi Emergency, Crisis and Disasters Committee, in collaboration with Department of Health – Abu Dhabi and the Abu Dhabi Public Health Centre, has issued a reminder about home quarantine guidelines for those in contact with a positive case, to protect the health and safety of all community members. Vaccinated individuals are required to spend five ...

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• 30 May

  ADJD unveils second phase of ‘deposit digital disbursement’

  Abu Dhabi / WAM Youssef Saeed Al Abri, Undersecretary of the Abu Dhabi Judicial Department (ADJD), launched the second phase of the “Deposit Digital Disbursement” project, enabling an integrated automatic and electronic disbursement of deposits by making the relevant service available via the ADJD’s website, after obtaining the necessary approvals from the court or the competent prosecution office, then transferring ...

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• 30 May

  Dubai Economy reports 26 violations of Covid-19 rules

  

  Dubai / WAM Ongoing field inspections by Dubai Economy across open markets and commercial establishments saw 26 fines being issued for violation of precautionary guidelines against Covid-19. The violations, detected in outlets spread across markets and malls, were mostly related to face masks or physical distancing. Increased visitors numbers across malls during the recent 3-day super sale had seen a ...

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• 30 May

  UAE sees 1,779 new recoveries from Covid-19

  Abu Dhabi / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 204,487 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. In a statement, the ministry stressed its aim to continue expanding the scope of testing nationwide to facilitate the early detection of coronavirus cases and carry out the necessary treatment. As ...

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• 30 May

  UAE inks deal for more humanitarian projects in Uzbekistan

  

  Abu Dhabi / WAM The UAE signed a bilateral agreement with the Republic of Uzbekistan to further implement UAE projects aimed at contributing to advancing the development process in Uzbekistan – by strengthening the vital role of the Khalifa Bin Zayed Al Nahyan Foundation. Younis Haji Al Khoori, Undersecretary of Ministry of Finance, and Shukhrat Vafaev, Deputy Minister, Ministry of ...

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