Dubai to Establish the World’s First Collective Endowment Park

Dubai to Establish the World’s First Collective Endowment Park

by Farah Andil

The city of Dubai, which is renowned for incorporating innovation into its economic, commercial and cultural goals, is now blending this sentiment into charity!   Dubai is currently working on establishing the first collective-endowment park in the world – the Endowment Park project which will be established by Dubai Municipality and Mohammed bin Rashid Global […]

UAE to Place a 100% Tax on Tobacco and Energy Drinks

UAE to Place a 100% Tax on Tobacco and Energy Drinks

UAE’s Federal Tax Authority (FTA) just announced that it will be placing a 100% tax on tobacco and energy drinks, a 50% tax on all carbonated beverages, and a value added tax of 5%. Whilst registrations will start in the third quarter of this year, the implementation will take effect by this year’s fourth quarter. […]