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BYD 2025 revenue surges

The EV manufacturer reported net profit of $.3.3bn for 9M 2025.

Aramco net income $28bn

Capital investment during Q3 2025 $12.9bn on investments in energy projects.

e& revenue up 23%

Consolidated net profit reached $2.94 billion during 2025.

Al Rajhi profit up 26%

Operating income for 2025 increased 22% to SAR 39 bn.

Emirates NBD 2025 profit $8.5bn

Total income rises by 12 percent, operating profit up 13%.

UAE refunds tax incurred on building, operating mosques

  • The FTA will begin accepting applications for refunding input tax incurred on building mosques from Nov 1
  • Refund of input tax includes expenses related to the actual construction process of the mosque

Abu Dhabi, UAE – The UAE has launched a mechanism for refunding value added tax (VAT) incurred on building and operating mosques.

It covers all mosques in the UAE, provided that the refund applications are submitted within time limits based on the completion date of the mosque’s construction.

In a press statement issued today, the Federal Tax Authority (FTA) said it will begin accepting applications for refunding input tax incurred on building mosques from November 1, via the FTA’s e-Services portal.

“The Federal Tax Authority is committed to providing clear and transparent procedures, standards and processes to facilitate procedures for customers,” the FTA’s Director-General, Khalid Ali Al Bustani said. “With that in mind, the refund mechanism has been designed to refund VAT on building, operating, or maintaining mosques for taxpayers who meet the legal requirements for the refund.”