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Traditional and alternative medicines and therapies (reflexology, acupuncture, etc.) and cosmetic surgery will all be subject to VAT. (File photo)
August 23, 2017 - 14:50 GMT
The cost of healthcare services will not escalate when the UAE implements value added tax, or VAT, from January 2018.
The forum will discuss joint investment opportunities between the two countries. (Shutterstock)
August 23, 2017 - 14:35 GMT
The forum coincides with the meeting of a high-level Saudi-Chinese committee.
King Salman attending talks at the 26th Arab League Summit in Sharm el-Sheikh, Egypt, on March 28, 2015. (AFP)
August 23, 2017 - 14:33 GMT
The two sides are expanding ties following a visit to China by King Salman earlier this year.
According to the law, tobacco and energy drinks will be taxed at 100 percent, while other soft drinks will receive a 50 percent levy. (File photo)
August 23, 2017 - 11:22 GMT
Imposing the sin tax and VAT is one of the steps GCC countries are taking to fight the consequences of continued low oil prices.
An Emirati man looks at the solar power platform at Masdar City, on the outskirts of Abu Dhabi. (AFP)
August 22, 2017 - 14:54 GMT
The UAE’s real GDP growth is set to slow in 2017.
About 99 percent of 'tasattur' in Saudi Arabia is in small and medium-sized enterprises. (AFP/ File)
August 22, 2017 - 13:42 GMT
About 99 percent of 'tasattur' is in SMEs, according to the governor of the General Authority for SMEs in Saudi Arabia.
Saudi Arabia is expected to face a recession in 2017, according to Bank of America. (Shutterstock)
August 22, 2017 - 13:19 GMT
Saudi Arabia is expected to get a $21.3 billion boost next year from new taxes and expat fee.
Austerity is paying off for Oman. (File photo)
August 22, 2017 - 12:37 GMT
This is the first time that the nominal GDP is showing a growth, within the last two years.
Lebanese protesters wave the national flag in front of a barbed wire fence as large crowds rally in Beirut on August 23, 2015. (Anwar Amro/ AFP)
August 22, 2017 - 11:54 GMT
The new laws include a 1 percentage point rise in the value added tax.
Students line up as they enter their classroom on the first day of the academic year for public schools in Dubai on September 27, 2009. (Karim Sahib/ AFP)
August 22, 2017 - 11:08 GMT
The new law will detail how the tax will impact schools and other educational institutions across the UAE.
Bloom Towers. (Courtesy of Bloom Holding)
August 21, 2017 - 13:04 GMT
Bloom Holding is working on plans to expand overseas.
The Al Thumama Stadium is set for completion in 2020 and will seat 40,000 spectators. (Photo supplied)
August 21, 2017 - 11:20 GMT
Qatar has revealed the design of Al Thumama Stadium, the sixth 2022 FIFA World Cup venue.
All contractors working on public sector projects will be exempt from expatriate workers’ tax. (File photo)
August 21, 2017 - 10:22 GMT
All contractors working on public sector projects that began before the decision was issued in December 2016 will be exempt from expatriate workers’ tax.
Saudi riyals. (File photo)
August 20, 2017 - 18:00 GMT
Well, it all depends on the exchanged currency.
More than half of UAE employees said they have worked during their vacations. (File photo)
August 20, 2017 - 15:09 GMT
More than half of UAE employees take work home and their reasons are not what you think.
The training will be based on Disney's best practices in customer service. (File photo)
August 20, 2017 - 14:00 GMT
Dubai is organizing the trip to 'happiness' for various government entities.