News

16 Dec

Ministry of Finance to launch UAE integrated payment system by 2020

The Ministry of Finance, MoF, reviewed the future strategic development plan for the transformation of the e-Dirham system, during its recent meeting with senior local and federal government officials. The meeting was attended by Younis Haji Al Khoori, Under-Secretary at MoF, Saeed Rashid Al Yateem, Assistant Under-Secretary of Resources and Budget Sector at MoF, the […]

14 Dec

FTA Board discusses VAT refund scheme for foreign businesses

The Board of Directors of Federal Tax Authority, FTA, on Monday discussed Value Added Tax, VAT, refund scheme for foreign businesses at its 7th meeting, headed by H.H. Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai, UAE Minister of Finance and Industry, and FTA Chairman. According to Federal Decree-Law No. (8) of 2017 […]

11 Dec

Obaid Al Tayer meets Italian Finance Minister

Obaid bin Humaid Al Tayer, Minister of State for Financial Affairs has met Giovanni Treya, Italian Minister of Finance and discussed ways to strengthen economic cooperation, trade and investments, as well as other potential opportunities to develop a mutually beneficial partnership between the two countries. UAE officials accompanying Al Tayer in addition to Saqr Nasser […]

10 Dec

Central Bank releases new instructions on issuing cheque books

Central Bank of the UAE, CBUAE, has issued a circular to banks regarding the issuance of cheque books as part of its ongoing efforts to improve responsible lending practices by banks. Before issuing customers with cheque books, banks are now required to carry out checks with the Al Etihad Credit Bureau, AECB, to ensure the […]

09 Dec

Ministry of Finance to launch UAE integrated payment system by 2020

The Ministry of Finance, MoF, reviewed the future strategic development plan for the transformation of the e-Dirham system, during its recent meeting with senior local and federal government officials. The meeting was attended by Younis Haji Al Khoori, Under-Secretary at MoF, Saeed Rashid Al Yateem, Assistant Under-Secretary of Resources and Budget Sector at MoF, the […]

07 Dec

RAK SmartPay launched as integrated e-payment system in Ras Al Khaimah

The RAK Department of Finance along with the Electronic Government Authority, EGA, announced the extension of their partnership with RAKBANK as exclusive acquiring bank and STS PayOne as a leading regional provider of e-Payment solutions, to launch RAK SmartPay as an integrated e-payment system in Ras Al Khaimah. This was announced during a press conference […]

03 Dec

Government Economic Network holds meeting at UAE Economic Planning Forum

The Government Economic Network held an extensive meeting during the fifth session of the UAE Economic Planning Forum, which was hosted by the Emirate of Sharjah in November. The meeting discussed ways to strengthen the role of the network in coordinating mutual economic events and work towards unifying the economic activities agenda at the state […]