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Economics

Emirates warns flyers of free ticket scam

Airline says scam is luring customers to participate in a fake survey Image Credit: AP Emirates airline Dubai: UAE residents have been warned of a scam that is going around in social media that promises to give away free airline tickets. Scammers are sending out links to users online, enticing …

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FTA clarifies import procedures for non-registered businesses

Sat 13-01-2018 13:10 PM DUBAI, 13th January, 2018 (WAM) — The Federal Tax Authority, FTA, has clarified import procedures for non-registered businesses, adopting the e-Dirham system for payments and e-Guarantee to provide guarantees, in order to ease processes for non-registered importers. Non-registered businesses wishing to import, are required to follow …

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UAE Embassy in Poland promotes AIM 2018

Sat 13-01-2018 12:33 PM WARSAW, 13th January, 2018 (WAM) — Dr. Youssef Issa Hassan Al Sabri, UAE Ambassador to Poland, has met with Dilya Pazilova Mukhlis, Annual Investment Meeting, AIM, Business Development Manager for CIS and Eastern Europe at the UAE Ministry of Economy, at the embassy headquarters. The meeting …

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MidEast investment banking fees flatline at $912m in 2017

Middle Eastern investment banking fees totalled an estimated $912.4 million during 2017, 0.1 percent less than the value of fees recorded during 2016, according to Thomson Reuters. Its 2017 investment banking analysis for the Middle East also showed that equity capital markets fees increased 118 percent to $91.3 million, while …

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Emirates said to seek sukuk deal of up to $1bn

Emirates, the world’s largest airline by international passengers, is talking to banks about raising as much as $1 billion through an Islamic bond sale that could happen in the first half, people familiar with the matter said. The Dubai government-owned carrier joins a list of regional issuers seeking funding from …

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VAT: Abu Dhabi cracks down on overcharging businesses

Abu Dhabi: Abu Dhabi’s Department of Economic Development (DED) is cracking down on businesses that are overcharging customers in the name of VAT (Value Added Tax), a senior Abui Dhabi official from the department said  on Tuesday. “We issued some fines in the first week either for collecting tax when …

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