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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 small, non-OPEC oil producer is seeking to decrease its reliance on its oil sector which accounts for 80 per cent of revenues, much of that from refining.
Dr Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade, and Manuel Tovar Rivera, Minister of Foreign Trade of the Republic of Costa Rica,
Alibaba Group plans to split into six units and explore fundraisings or listings for most of them, it said on Tuesday, in a major revamp as China