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Federal Tax Authority Outlines 4 Methods For Input Tax Apportionment For Businesses Making Mixed Supplies (Taxable & Exempt)
In a press statement issued today, the Authority explained that the guide detailed four methods available for taxpayers on Input Tax apportionment, namely, the outputs-based method, transaction count method, floorspace method, and the sectoral method.

EGA’s STEM Programme For Schools Reaches 10,000 Student Participants Since Launch
Emirates Global Aluminium, the largest industrial company in the United Arab Emirates outside oil and gas, today announced that its programme to encourage young people to study and eventually pursue careers in science, technology, engineering and mathematics.

Mohammed Bin Rashid Approves DIFC’s New Expansion Plan
His Highness said that developing the financial sector is a priority that supports the economic future of Dubai, and further enhances investor confidence given the vital contribution it makes to Dubai’s economy mainly through the Dubai International Financial Center (DIFC).

Swim With A View: Nakheel Starts Work On Palm Tower Rooftop Infinity Pool - 210 Metres Above Ground
Master developer Nakheel has started constructing the rooftop infinity swimming pool at The Palm Tower, its 52-storey, luxury hotel and residential complex at the heart of Palm Jumeirah in Dubai.

Dubai Duty Free Announces Its First Millennium Millionaire And Finest Surprise Winners Of 2019
Dubai Duty Free conducted its first Millennium Millionaire and Finest Surprise draws of the year today with Mr. Casey Bly, a 41-year-old Dubai-based American national, winning US$1 million in Series 290 with ticket number 1435.

Mashreq Enables Samsung Pay Transactions Via Its Mobile Banking Application
Mashreq Bank, the UAE’s leading financial institution, has rolled out a service that allows customers to instantly add their credit cards to Samsung Pay via Snapp, enabling them to make easy, fast and secure payments.

Etisalat Digital Accelerates Adoption Of Artificial Intelligence And Blockchain In The Region
Future Now, the innovation programme of Etisalat, has signed agreements with four scaleups to develop Artificial Intelligence and Blockchain solutions following the successful Dubai Future Accelerators programme.

DFSA Regulatory Sandbox Accepts Seven New Firms Into Its Latest Cohort
The Dubai Financial Services Authority ("DFSA") announced the acceptance of seven new firms into its cohort process, which permits companies to apply for an Innovation Testing Licence ("ITL").

Mohammed Bin Rashid Launches ’Fifty-Year Charter’ To Improve Life In Dubai
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, has announced the ’Fifty-Year Charter’ which promises to improve all aspects of life in Dubai in 2019.

Taqyimee Smart Application Organises Work Of Real Estate Valuators In Dubai
The announcement of Taqyimee’s launch was attended by HE Sultan Butti bin Mejren, Director General of DLD; HE Marwan bin Ghalita, CEO of RERA; and the CEOs of DLD’s sectors.

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