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Federal Tax Authority Classifies ’Eligible Goods’ For Calculating VAT As Per ’Profit Margin Scheme’ Into 3 Categories
The Authority asserted that only those goods, which had been subject to VAT before the supply in question, may be subject to the profit margin scheme. The profit margin is defined as the difference between the buying and selling price of an item, and is inclusive of taxes.

Mohammed Bin Rashid Increases Dubai World Cup Prize Money To $35 Million
His Highness also issued directives to increase the total prize money given away at other races held at the Meydan Racecourse to USD1.83 million (AED6.7 million), effective from the 2018-2019 racing season.

Supporting Egyptian Families And 400 Students In Celebration Of The Year Of Zayed
A delegation from Dubai Roads and Transport Authority (RTA) has visited remote villages in Egypt where it distributed Motorcycle Rickshaws to several families with limited income or experiencing tough health and living conditions.

Emirates Islamic Announces Winner Of AED 1 Million Cash Prize For Award-Winning Kunooz Savings Account
Emirates Islamic, one of the leading Islamic financial institutions in the UAE, today announced the lucky winner of its monthly Kunooz Savings Account draw for May 2018. Khalid Ahmed Al Marzooqi, a UAE national.

DEWA’s Energy Meter Testing Laboratory Accredited By Emirates International Accreditation Centre As Per ISO/IEC 17025:2005 Requirements
HE Saeed Mohammed Al Tayer, MD & CEO of DEWA received the accreditation certificate from Amina Ahmed, CEO of EIAC. Rashid Bin Humaidan, Executive Vice President of Distribution Power, and Marwan Al Sabbagh, Vice President of Projects & Connection Services at DEWA were also present.

Emirates Aviation University Logo Emirates Aviation University Launches A Research Centre In Collaboration With Coventry University
Emirates Aviation University (EAU) has announced the launch of a new research centre and doctoral training college in collaboration with Coventry University.

Region’s First Sports Performance Training And Fitness Center To Launch In Dubai
Michael Johnson Performance (MJP), an internationally recognized leader in athletic development and improvement, today announced its launch in the Middle East.

New Zealand Trade And Enterprise Prepares For Expo 2020 Dubai
New Zealand’s preparation for Expo 2020 Dubai is ramping up and the search is now on for service providers to support the operational excellence of the country’s pavilion.

Dubai Ruler Issues Resolution Promoting 821 Individuals At Residency, Foreigners Affairs Directorate
His Highness Sheikh Mohammed bin Rashid Al Maktoum, the Vice President, Prime Minister of the UAE and Ruler of Dubai, issued a Resolution promoting 821 officers, non-commissioned officers and members of staff at the General Directorate of Residency of Foreigners Affairs, GDRFA, in Dubai.

Dubai Tourism Encourages Hotel Establishments To Adopt Comprehensive Sustainable Measures
Dubai’s Department of Tourism and Commerce Marketing (Dubai Tourism) recently hosted an immersive workshop to provide hotels with a refreshing outlook of its innovative Sustainability Board Game and encourage hospitality stakeholders to enrol their properties in the Carbon Calculator.

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