Value-added Tax (VAT) will continue being the primary revenue-generating tax for the UAE for the next few years, according to a report published by WTS Dhruva Consultants on the occasion of the fifth anniversary of VAT. The total revenue distributed at the state level in the UAE for VAT has amounted to over AED95.4 billion (US$26 billion), since its implementation …

King Abdulaziz City for Science and Technology (KACST) and Lenovo have signed a Memorandum of Understanding (MoU) to inaugurate the Lenovo Innovation and Creativity Centre in the Kingdom. The facility is set to become the first innovation center in the Middle East and North Africa (MENA) to accelerate digital transformation and enhance cooperation in the fields of Artificial Intelligence (AI) …

Dr. Ali Saeed bin Harmal Al Dhaheri, First Vice Chairman of the Abu Dhabi Chamber of Commerce and Industry (ADCCI), said: “It is important to strengthen the economic and trade relations between the UAE and Hong Kong, which serve as gateways of international trade. The business environments in Abu Dhabi and Hong Kong have great advantages, which include clarity on …

e& enterprise iot & ai, a specialist company within e& enterprise (part of e&), today announced its collaboration with Emirates Health Services (EHS) to develop and advance technologies and initiatives to improve the overall customer experience in healthcare. Through this agreement, e& enterprise iot & ai and Emirates Health Services (EHS) will work together to explore cloud-based enterprise system and platforms for community health programmes, specifically focused on healthcare seekers in the Northern …

RIYADH: KPMG, a leading provider of audit, tax and advisory services in Saudi Arabia, has published “Tech Survey Saudi Arabia 2022”, which uncovers the technology strategies businesses are using to help outsmart their competitors in a time of unprecedented global change. The report surveyed more than 2,200 executives around the world – including 51 in Saudi Arabia – and conducted …

A new and innovative Exchange Traded Fund has been launched at Pakistan Stock Exchange (PSX), namely the HBL Total Treasury Exchange Traded Fund. This ETF, seventh to be launched on PSX, is a first of its kind as it consists of a blend of Government Debt Securities as the underlying asset class. This security is structured in the ETF form …

News Desk ABU DHABI: Khalifa Port, Abu Dhabi’s flagship deep-water port, has set a new Guinness World Records™ title for assembling the Largest shipping container logo/image. The Khalifa Port team assembled 676 containers in the shape of AD Ports Group’s logo at its South Quay to earn the new Guinness World Records™ title. The total length of the logo formed by the containers was 1,000.4 …

The Emirates Group has renewed its agreement with Dubai Municipality for the management of the Dubai Desert Conservation Reserve (DDCR), in its continuous commitment to preserving wildlife and protecting natural habitats. As custodian of the reserve for over 20 years, the Emirates Group is charged with its full operations and funding of its efforts to nurture the fragile ecosystem of …

Committed to providing clean, affordable, and sustainable power for people of Pakistan including K-Electric’s growing base of over 3.4 million customers, CEO K-Electric, Mr. Syed Moonis Abdullah Alvi and Mr. Wang Minsheng, CEO China Three Gorges South Asia Investment Limited (CTGSAIL) signed a Memorandum of Understanding (MoU) to collaborate on exploring renewable energy including hydro projects across the country, including …

Faizan Steel and AlKaram Towel industries are proud to announce a 100% scholarship program for females at ILMA University. This scholarship program aims to empower females and provide them with the education and skills they need to succeed in their careers. This initiative is a testament to the commitment of Faizan Steel and AlKaram Towels to promoting equality and helping …