In April 2017 National Bank of Abu Dhabi and First Gulf Bank merged and formed First Abu Dhabi Bank, currently the UAE’s largest bank. More than a year later, on the 22nd of October 2018, the bank reported a 16% increase in net profits for the third quarter of 2018 versus last year. Exceeding expectations, the merger is seen as a tremendous success. Given the complexities of such deals, mergers seem like opportunities only large business...
Read moreFor some time, the rules concerning the Value Added Tax (VAT) implementation in the United Arab Emirates (UAE) and further across the Gulf Cooperation Council (GCC) members have been published. We expose here how these updates will impact the business practice in the UAE and what to learn from VAT execution across the world. Regarding the VAT, all concerned parties will get to know each other f...
Read moreThe economic developments of the past years have narrowed the action radius for the governments of the Gulf Cooperation Council (GCC). Striving to adapt to new economic reality, all governments have agreed to introduce the Value Added Tax (VAT) at different paces. These reforms are expected to be introduced in January 2018 in the United Arab Emirates (UAE) and one year later for some other member countries. This article sh...
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Read moreThe economic developments of the past years have narrowed the action radius for the governments of the Gulf Cooperation Council (GCC). Striving to adapt to new economic reality, all governments have agreed to introduce the Value Added Tax (VAT) at different paces. These reforms are expected to be introduced in January 2018 in the United Arab Emirates (UAE) and one year later for some other member countries. This article sh...
Read moreLorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum pa...
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