Tag: Ministry of Finance
UAE’s MoF wins 2 titles at Mohammed bin Rashid Government Excellence...
The UAE Ministry of Finance (MoF) has secured two awards in the sixth edition of the Mohammed bin Rashid Government Excellence Award, at Expo...
Saudi Arabia looks to deepen financial ties with the UK
Saudi Arabia, the largest economy in the Middle East, is currently seeking to boost its financial relations with the UK in line with a...
Oman’s cost-cutting steps helped to lower public spending by 2.1% in...
Actual revenues accumulated by the Omani government in 2020 have touched $22.09 billion, a 20.5 percent decline from estimates for the year. However, the...
Saudi Arabia is planning to raise $55bn from privatization plan; Finance...
Saudi Arabian Finance Minister Mr. Mohammed Al-Jadaan has stated that the Kingdom intends to raise $55 billion from its privatization plan, including $16.5 billion...
Oman foresees $779mn revenue addition from VAT in 2021
The implementation of a five percent value-added tax (VAT) in Oman is expected to bring $779 million in revenue this year, as per the...
UAE’s Ministry of Finance initiates 2nd phase of accrual accounting transition
UAE's Ministry of Finance (MoF) has launched the second phase of its transition program for the implementation of accrual accounting systems in government organizations...
FTA’s eDirham system offers greater flexibility to taxpayers
The Federal Tax Authority (FTA) has completed its preparations to join the third generation eDirham system of the UAE which is introduced by the...
ADIB offers new eDirham cards in alliance with UAE Finance Ministry
UAE's leading Islamic bank Abu Dhabi Islamic Bank (ADIB) has partnered with the Ministry of Finance (MoF) to offer a new range of eDirham...
