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FINANCIAL NEWS
VAT to increase inflation rate in the UAE at USD 2.72bn
07 Jun 2016
(MENAFN) Value added tax from 2018 is predicted to generate an increase in price levels in the UAE.
Moreover, the country is ready to become the first one to introduce VAT by 2018, 82 percent of the respondents predict that this will lead to higher inflation rates.
However, 80 percent said that they would consider moving abroad if an income tax will be introduced.
The UAE will generate almost USD 2.72bn to USD 3.26bn as a result of introducing VAT in the first year of its application.
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BBK and CrediMax launch exclusive offers for customers in collaboration with The Ritz-Carlton, Bahrain
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BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
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