The UAE estimates that in the first year, VAT income will be around 12 billion dirhams ($3.3 billion).
Stores, gyms and other retailers are trying to make the most of the remaining tax-free days in Saudi Arabia and the UAE, encouraging buyers to stock up before the VAT is rolled out on Jan. 1, 2018.
Turkish President Recep Tayyip Erdogan criticised Israel for taking advantage of the US move on Jerusalem as "an opportunity to ramp up oppression and violence against the Palestinians."
Donald Trump also ordered government to begin preparations to move US embassy from Tel Aviv to Jerusalem.
Iran's comments come as Donald Trump appears to be stepping back from his campaign pledge to rip up the 2015 nuclear deal.
Pepsico executive Sanjeev Chadha and retail Moghul Yusuff Ali figure in the Forbes list of top 100 Indian business leaders in the Middle East.
Washington: Addressing his final press conference, President Barack Obama on Wednesday said that after he leaves office on Friday he wants to take time to process the "amazing experience" his family has gone through. "He
The number of migrants living in the Middle East has more than doubled between 2005 and 2015 from about 25 million to around 54 million, according to a Pew Research Center analysis of data from United Nations agencies.
hat the suspects had received several money transactions through ‘hawala’ and that they had also pledged their allegiance to the Islamic State.
Dubai: A majority of young Arabs regard Islamic State as the "biggest obstacle" facing the Middle East region and believe the terror group will fail to establish a caliphate, a new survey has found. According
Paris/Cairo: Syrian President Bashar al-Assad on Saturday said that West's ‘flawed' policies in Syria especially that of France was partly to blame for rise of Islamic State.His statement came amid the worldwide condemnation of a
Cairo: A large bomb exploded early Thursday near a national security building in the Shubra neighbourhood of Cairo, wounding at least six people including at least one police officer, Egyptian security officials said.There were no
Washington: A risk of war in the Middle East looms large in the absence of an Iranian nuclear deal which was achieved last week, US President Barack Obama has said as he exhorted the Republican-controlled
Tehran: Iranian President Hassan Rouhani has warned against growing terrorist activities in the Middle East, saying terrorism will benefit no country in the region."All regional countries are suffering from terrorism because terrorist acts benefit none
Vatican City: Pope Francis has canonized two nuns from what was 19th century Palestine in hopes of encouraging Christians across the Middle East who are facing a wave of persecution from Islamic extremists.Sisters Mariam Bawardy
Dubai: An Indian banker in UAE has been named ‘Retail Banker of the Year in Middle East', a prestigious award given to global banking leaders for playing an instrumental role in transforming retail bank operations.
Vatican: Pope Francis condemned female mutilation and domestic violence against women today."The many forms of slavery, the commercialisation, and mutilation of the bodies of women, call out to us to be committed to defeat these
United Nations: Despite recent slayings of two Japanese citizens by the Islamic State (IS), Tokyo does not intend to abandon its post-World War II pacifism and chooses instead to increase its non-military humanitarian assistance to
Tokyo: Junko Ishido, mother of a Japanese hostage held by the Islamic State (IS) militants, called Friday morning for the release of her son, Kenji Goto, hours before the 72-hour deadline given by the IS.Ishido
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