Picture used for illustrative purpose only.
The UAE Cabinet has approved a landmark decree amending certain provisions of the existing “commercial transactions law” to allow drawers and payees of bounced cheques additional opportunities at reconciliation.
Saeed Rashid Al Yateem, Assistant Under Secretary of Resource and Budget Sector at MoF affirmed that there are no plans or decisions at the moment to raise VAT to more than 5% in the UAE.
The real estate and properties transactions valued at Dhs4.31 billion in total during the week.
The non-oil trade between the UAE and China increased by 78.5 per cent from 2012 to 2021, totalling Dhs223.5 billion by the end of 2021 compared to Dhs125.1 billion in 2012.
The Water, Energy, Technology and Environment Exhibition (WETEX) and Dubai Solar Show (DSS), organised by Dubai Electricity and Water Authority (Dewa), saw a large turnout of visitors in its 24th edition.
Tesla CEO Elon Musk said the electric vehicle maker’s eagerly anticipated humanoid robot ‘Optimus’ would cost under $20,000 and cautioned it still had way to go before becoming fully functional.