Robots save UAE’s finance ministry 39,000 working hours
Dubai, UAE -- UAE's Ministry of Finance has saved 39,000 hours of human labor by using bots, software applications that carry out automated tasks for 1.8 million transactions with more than 98 percent accuracy, the Ministry said.It has just completed phase two of embedding robotic process automation (RPA) into many...
Kuwait posts fiscal surplus after almost a decade, says finance ministry
Kuwait recorded its first surplus in nine years for the 2022-2023 fiscal year which ended in March, the finance ministry said, crediting last year's surge in oil prices. The Gulf emirate, whose revenues rely heavily on hydrocarbons, closed its fiscal balance with a surplus of $21 billion, the ministry said.UAE Corporate Tax: Ministry streamlines accounting standards, social security funds, tax exemptions
The latest decisions aim to enhance UAE's Corporate Tax regime's flexibility and support all business sectors, minimizing the compliance burden, says the Ministry of Finance.
Iraq judge quizzes five tax officials over missing $2.5 billion
Local media published a tax authority document showing the funds were withdrawn between September 2021 and August this year, transferred to the accounts of five companies using 247 cheques, and then immediately withdrawn.
UAE finance ministry to organize dialogue sessions WGS 2022
UAE’s Ministry of Finance will organize a series of specialized dialogue sessions on the sidelines of the World Government Summit (WGS) 2022 to deliberate on the most prominent global financial trends and exchange global governments’ experiences and expertise. This year’s summit themed ‘Shaping the Future of Governments’ will be held...
WB ready to pair with Tunisia to implement reform program
The World Bank has also offered to continue the implementation of ongoing cooperation projects in the country.
Lebanon’s Hezbollah ready to return to cabinet meetings
Lebanese group Hezbollah and its ally the Amal movement said Saturday they were ready to return to government meetings after three months of political deadlock that has exacerbated the country's economic crisis. Lebanon's government was formed in September after a 13-month political impasse.Omani finance ministry issues government treasury bills worth $194 million
Oman's finance ministry has issued government treasury bills worth Omani Riyal 75 million ($194 million). Treasury Bills are short-term highly secured financial instruments that provide licensed commercial banks the opportunity to invest their surplus funds. The Central Bank of Oman (CBO) acts as the issue manager and provides the added...
SMEs in Dubai will be encouraged to bid for govt tenders
*Dubai finance ministry and Dubai SME sign MoU * SME owners will be encouraged to register in the ministry's Federal Supplier Register Dubai’s Ministry of Finance recently signed a Memorandum of Understanding with Dubai SME to support the business sector and advance comprehensive and sustainable development in the country. Under...
