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Banking & Finance

Ministry of Finance launched collection of revenue and public funds system

MEA Finance -
In line with its efforts to adopt digital solutions, and to develop processes to collect national debt in accordance with international best practices, the...
Banking & Finance

Ministry of Finance: companies that engage in any Relevant Activity must submit a notification of Economic Substance Regulations to its Regulatory Authority

MEA Finance -
The Ministry of Finance (MoF) indicated that all companies in the United Arab Emirates that engage in any of the Relevant Activities within the...
Banking & Finance

Ministry of Finance announces successful implementation of Procure-to-Pay

MEA Finance -
The Ministry of Finance (MoF) announced the successful implementation of Procure-to-Pay (P2P), which facilitates the procurement process and e-approval of purchase orders and requests...
Banking & Finance

Ministry of Finance announces three new decisions for federal entities in the UAE

MEA Finance -
The Ministry of Finance (MoF) issued three new decisions for federal entities across the UAE, as part of its remit to revise and reduce...
Banking & Finance

Ministry of Finance holds remote training session on financial systems (Payment System)

MEA Finance -
The Ministry of Finance (MoF) held a remote training session for users of the federal financial system - Oracle - in government entities. The...
Editors pick

UAE currently does not intend to increase VAT

MEA Finance -
The Ministry of Finance (MoF) has denied any plans currently to raise the Value Added Tax (VAT) in the United Arab Emirates. VAT is...
Editors pick

MoF virtually holds Government Financial Policy Coordination Council’s second meeting for 2020

MEA Finance -
The Ministry of Finance (MoF) virtually held the Financial Policy Coordination Council’s second meeting recently. H.E. Younis Haji Al Khoori, Undersecretary of MoF and...
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