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The Ministry of Finance (MoF) ( Arabic: وزارة المالية) is the ministry of the federal government of United Arab Emirates which is responsible for public finances. The ministry's objective is to promote fiscal planning and fiscal sustainability of the federal government of the United Arab Emirates. The ministry is located in Abu ...
History. The establishment of designated freezones in the United Arab Emirates (UAE) traces its roots to the nation's strategic vision for economic diversification.In the late 20th century, recognizing the need to reduce reliance on oil revenue, the UAE embarked on a deliberate initiative to create economic zones that would attract foreign investment, promote international trade, and foster ...
Al Falasi. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum ( Arabic: مكتوم بن محمد بن راشد آل مكتوم; born 24 November 1983) is an Emirati royal and politician who serves as minister of finance of the United Arab Emirates, deputy ruler of Dubai [1] and chairman of Dubai Media Incorporated. He was named as deputy ruler ...
The Cabinet of the United Arab Emirates, or Council of Ministers ( Arabic: مجلس الوزراء ), is the chief executive body of the United Arab Emirates (UAE) federal government. The cabinet consists of federal government ministers, and is led by the prime minister of the United Arab Emirates. Although not stated in the Constitution of the ...
ABU DHABI (Reuters) -France is open to the United Arab Emirates investing in its nuclear energy industry, its finance minister said on Tuesday, ahead of discussions in the Gulf state with UAE ...
The UAE federal tax system is administered by the Federal Tax Authority (FTA), which was founded ahead of the 2018 implementation of a federal value added tax (VAT). The current standard VAT rate in the country is 5%. In January 2022, the UAE Ministry of Finance announced the implementation of a federal corporate tax starting June 2023.
The federal government of the United Arab Emirates (UAE federal government or UAE government) is the national government of the United Arab Emirates, a unitary federation of seven self-governing emirates. The federal government is divided into a legislative, executive, and judicial branch.
A significant part of the department is located in the Bank's Dubai office, since the banking industry in the UAE is largely concentrated in this city. The scope of its regulatory mandate includes local banks, foreign banks operating in the UAE as well as finance companies, exchange houses, payment service providers (PSP) and non-banking ...