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LAW ON 5 PER CENT VAT PASSED IN UAE; HOUSE RENTS SET TO RISE

Business owners and landlords must pay a five per cent value-added tax (VAT) starting January 2018, announced the Federal National Council (FNC) on Wednesday in the UAE...

UAE NON-OIL SECTOR RECORDS STRONGEST UPTURN IN OUTPUT IN 18 MONTHS

Boosted by higher oil prices, business conditions in the UAE’s non-oil private sector continued to gain momentum in February as output and new orders accelerated....