High VAT revenues fortify UAE government finances — Moody’s

Dubai: The UAE’s value added tax (VAT) collections in the first year exceeded the original estimates and is driven by strong tax compliance, according to credit rating agency Moody’s. “The government’s 2018 and 2019 VAT revenue forecasts had included conservative assumptions regarding the level of compliance in the initial years of implementation. Nonetheless, the robust […]

Award deal for Abu Dhabi-Dubai Etihad Rail work

Abu Dhabi: Etihad Rail, the developer and operator of the UAE national railway, has approved the award agreement for civil and track works of Packages B and C for Stage Two of the UAE national railway network connecting Abu Dhabi and Dubai, during a board meeting, chaired by Shaikh Theyab Bin Mohammad Bin Zayed Al […]

UAE ranks 16th place out of 75 countries

Dubai: Findings of a global brand country index released on Tuesday has ranked the UAE in 16th place out of 75 countries. The Future Brand Country Index 2019 also placed the UAE as the best Arab country. On his official Twitter account, His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of […]