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Ministry of Finance announces amendments to Corporate Tax Law

ABU DHABI / WAM The UAE Ministry of Finance has announced updates in relation to certain provisions of Federal Decree-Law No 47 of 2022 on the Taxation of Corporations and Businesses. These amendments include introduction of a Domestic Minimum Top-up Tax (DMTT), and tax incentives to support growth and innovation. – Introduction of a Domestic Minimum Top-up Tax (DMTT): Following ...

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Academic Triumph: The Bloomington Academy, Ajman, Reaches New Heights In Cambridge Achievements!

GULF TIME Amidst a glorious evening of academic accolades, celebrating the pinnacle of academic success, The Bloomington Academy, Ajman made its mark at the Outstanding Cambridge Learner Awards held at the Jumeirah Beach Hotel, Dubai. A congratulatory video by the Group Managing Director, Rod Smith, led to the opening ceremony. The evening commenced with elegance and precision. The proceedings were ...

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RAK Ruler receives Kuwait’s Consul-General to UAE

RAS AL KHAIMAH / WAM HH Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah, received on Monday at his palace in the Saqr bin Mohammed City, Ali Salem Al Thayedi, Consul-General of Kuwait to the UAE, to mark the end of his tenure. HH Sheikh Saud welcomed the Kuwwaiti Consul-General and wished him ...

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UAE President, UK Prime Minister discuss bilateral relations

ABU DHABI/WAMUAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan on Monday welcomed the Rt Hon Sir Keir Starmer, Prime Minister of the United Kingdom, who is on a working visit to the UAE. During their meeting at Qasr Al Shati in Abu Dhabi, His Highness and the British Prime Minister reviewed areas of bilateral collaboration and explored ways ...

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UAE President bids farewell to Mauritanian President upon departure

ABU DHABI/WAM His Excellency Mohamed Ould Cheikh El Ghazouani, President of the Islamic Republic of Mauritania, departed the UAE, marking the conclusion of a visit during which he attended the March of the Union of UAE tribes, held in celebration of the UAE’s 53rd Eid Al Etihad. UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan bid farewell to ...

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Ministry prepares to launch EPR framework in UAE

DUBAI/WAM The Ministry of Climate Change and Environment (MOCCAE) is preparing to launch a framework for implementing Extended Producer Responsibility (EPR) in the UAE. The EPR is part of the ministry’s continued efforts to address environmental challenges, promote integrated waste management, and advance the circular economy for sustainable economic growth. The initiative aims to achieve several key goals, including waste ...

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UAE ranks fifth in UN’s QI4SD Index, climbing six places

ABU DHABI/WAM The UAE ranked fifth in this year’s Quality Infrastructure for Sustainable Development (QI4SD) Index1, climbing six places since the United Nations Industrial Development Organisation (UNIDO) launched the index in June 2022. The QI4SD Index categorised the UAE in the ‘L’ group that includes countries with GDP between $100 billion and $1 trillion such as Switzerland, South Africa, Singapore, ...

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Under directives and blessing of UAE President, Mohammed bin Rashid announces government reshuffle

ABU DHABI/WAM Under the directives and blessing of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has announced a government reshuffle, including the establishment of the “Ministry of Family” and elevating the role of the “Ministry of Community Development” ...

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