The Emirates Institute for Banking and Financial Studies (EIBFS) recently hosted a high-level conference dedicated to Value Added Tax (VAT) and its impact primarily on the banking and financial sector. VAT was implemented on 1 January 2018 by the United Arab Emirates (UAE) Government. Representatives from prominent local and multinational companies including KPMG Lower Gulf,
The winners of the Oxford University Press Story Writing Competition were honoured at the 10th Emirates Airline Festival of Literature with printed books containing their original short stories and winner plaques. The annual competition has grown immeasurably since its inception in 2009, with almost 3000 students from around the GCC sending in their entries this
The Federal Tax Authority (FTA) reaffirmed that registering for Value Added Tax (VAT) can be done in three easy steps through the e-Services portal on the Authority’s website, taking no longer than 15-20 minutes. The Taxable Person or an official representative can register through the e-Services portal, available 24/7 on the FTA website, which was
S&P Global Ratings was today formally presented with its Kingdom of Saudi Arabia 100% Foreign Owned Investment License in a ceremony at the Saudi-British Business Forum 2018 in London. S&P Global Ratings opened its branch in Riyadh in October 2017, as part of an expansion of its operations in the Middle East. It was the
The Dubai Mall’s much-awaited expansion of the Fashion Avenue is now open, welcoming more than 150 luxury brands. Connoisseurs of style will have a veritable showcase of exclusive concepts to choose from, delivered by the world’s leading luxury retailers at their flagship outlets, while many mark their Middle East debut at The Dubai Mall. Guests
In the presence of Her Excellency Ohoud bint Khalfan Al Roumi, Minister of State for Happiness and Wellbeing, the fifth edition of Sharjah Ladies Run (SLR), held exclusively to women and girls, concluded successfully witnessing the participation of 1,500 entrants representing more than 50 nationalities. The participation of more than 1,000 women and girls from
Dub Drive GCC 2018, the largest gathering of Volkswagen owners and fans in the region, welcomed over 800 visitors at the Dubai Autodrome on Friday 9 March. In its second year, the event hosted by Volkswagen Middle East saw 268 car owners from Bahrain, Saudi Arabia, Oman, Kuwait, Lebanon and the United Arab Emirates take
