Latest news with #WAM
Al Etihad
an hour ago
- Politics
- Al Etihad
UAE President welcomed at Presidential Palace in Ankara with official reception by Turkish President
16 July 2025 17:15 ANKARA (WAM) UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan arrived at the Presidential Palace in Ankara as part of his state visit to the Republic of Tü motorcade was received by Turkish President His Excellency Recep Tayyip Erdoğ official reception was held for His Highness upon his arrival. His Highness was escorted by a procession of riders on horseback to the dais of honour, where both the UAE and Turkish national anthems were played. An honour guard lined up in salute to mark the occasion and welcome His Highness. His Highness exchanged greetings with ministers and senior Turkish officials who had gathered to welcome His Highness, while His Excellency President Erdoğan greeted the delegation accompanying His Highness.
Al Etihad
2 hours ago
- Business
- Al Etihad
UAE Central Bank fines foreign bank branch Dh600,000
16 July 2025 16:51 ABU DHABI (WAM)The Central Bank of the UAE (CBUAE) imposed a financial sanction of Dh600,000 on a branch of a foreign bank operating in the UAE, pursuant to Article (137) of the Decretal Federal Law No. (14) of 2018 Regarding the Central Bank and Organisation of Financial Institutions and Activities, and its financial sanction is based on the results of the findings of examinations conducted by the CBUAE, which revealed that the branch of the foreign bank had failed to comply with the Market Conduct and Consumer Protection Regulations and Standards. The CBUAE, through its supervisory and regulatory mandates, works to ensure that all Banks and their staff, abide by the UAE laws, regulations and standards adopted by the CBUAE to safeguard the transparency and integrity of the banking sector and the UAE financial system.
Al Etihad
3 hours ago
- Business
- Al Etihad
FTA emphasises prompt corporate tax registration to benefit from penalty waiver
16 July 2025 15:26 ABU DHABI (WAM)The Federal Tax Authority (FTA) confirmed an increase in the number of beneficiaries from the corporate tax late registration penalty waiver initiative applicable to taxable persons, and certain categories of exempt persons required to register with the FTA who were late in submitting their corporate tax registration applications within the FTA clarified that in order to be exempt from the Dh10,000 late registration penalty' for corporate tax, taxable persons (or exempt persons required to register) must submit their tax return (or annual declaration) no later than seven months from the end of their first tax period (or the first financial year), instead of nine late registration penalty waiver initiative applies only to the first tax period of the taxable person (or exempt person required to register), regardless of whether the due date of the first tax return (or annual declaration) was before or after the new decision came into Ali Al Bustani, Director General of the FTA, emphasised the importance of the non-registered corporate tax taxable persons to submit their corporate tax registration applications to the FTA, followed by the submission of tax returns through the 'EmaraTax' highlighted that meeting the deadlines allows eligible taxable persons and certain exempt persons—who are required to register—to benefit from the UAE Cabinet decision on the administrative penalties waiver initiative, which exempts them from fines related to delays in corporate tax Bustani added, 'This important initiative comes as part of the comprehensive strategy to support business sectors and encourage voluntary compliance with tax laws and procedures to avoid administrative penalties. This contributes to promoting economic growth, ensuring tax transparency and fairness within a legislative environment that keeps pace with developments through sustainable improvement, while maintaining performance quality and managing the tax system with the highest levels of efficiency and accuracy.'He stated, 'It is clear that the initiative to waive the late registration penalty is incentivising many registrants for corporate tax as we note an increase in the number of corporate tax registrations to 576,000 – up from 538,000 registrants before the launch of the waiver initiative, in April 2025. This resulted in an increase of 38,000 additional registrations, as thousands of corporate tax registrants have submitted their tax returns and annual declaration within the specified deadline to benefit from the late registration waiver.'Al Bustani said that these indicators are a clear reflection of the initiative's success, which shows how the awareness on tax compliance and procedures is growing across all business sectors, in the UAE. The FTA is keen to continue engaging with the business community through various awareness channels, as well as to seek taxpayers' views and discuss ways to overcome any challenges they may face. Furthermore, the authority is intensifying its efforts, in cooperation with the relevant entities, to raise awareness about the importance of the initiative and the need for non-registered Corporate Tax Taxable Persons to benefit from the waiver initiative.
Al Etihad
4 hours ago
- General
- Al Etihad
Make-A-Wish brings joy to 418 children in Year of Community
16 July 2025 14:44 ABU DHABI (WAM)In a year designated by the wise leadership as the Year of Community, Her Highness Sheikha Sheikha bint Saif bin Mohammed Al Nahyan, wife of His Highness Sheikh Dr. Sultan bin Khalifa Al Nahyan, Advisor to the UAE President and Chairperson of the Board of Trustees of the Make-A-Wish Foundation UAE, affirmed that the foundation succeeded in embodying its humanitarian vision, achieving its strategy and mission by bringing joy and hope to the hearts of hundreds of children suffering from life-threatening was realised through the fulfilment of 418 wishes in just the first half of Highness Sheikha Sheikha bint Saif bin Mohammed Al Nahyan stated, "The Year of the Community was a powerful motivator for us to double our efforts and elevate our sense of responsibility toward sick children and their families, reaffirming that the UAE will always remain a beacon of hope and a voice of added, "The Year of the Community was not just a slogan, but a moment of national and humanitarian consciousness in which the UAE's community—both institutions and individuals—proved that solidarity and generosity are at the heart of the Emirati identity. Sick children deserve that we all be a bridge connecting them to life, to hope, and to clarified that the foundation granted wishes in three sister countries: Egypt (109 wishes), Jordan (63 wishes), and Yemen (15 wishes), in addition to 231 wishes granted within the UAE. The wishes this year included children from 25 different nationalities, reflecting the foundation's deep human diversity and cultural continued, "Every wish we fulfill is a message of life, and every child's smile lights the paths of hope and restores the true meaning of humanity. These achievements are the result of joint efforts and fruitful cooperation between the foundation and its partners in both the public and private conclusion, Sheikha Sheikha bint Saif Al Nahyan extended heartfelt thanks and appreciation to all supporters, partners, and members of the foundation's team, saying, "You are the true heartbeat of this humanitarian work. Thanks to you, the foundation can continue fulfilling its noble mission with commitment and professionalism. You are our partners in turning small dreams into a bright and impactful reality. Wish Categories Wishes to receive something (369 wishes)These included cutting-edge electronic devices, bicycles and electric scooters, a Shaheen falcon, a camel, a horse, a piano, bedroom furniture, gold jewelry, a television, outdoor playsets, and many more that reflected the diverse interests of to go somewhere (48 wishes)This included 9 domestic trips to destinations such as the Museum of the Future, Atlantis Hotel (with dolphin swimming experiences), Sharjah Safari, Warner Bros. Abu Dhabi, SeaWorld, Ferrari World, and other entertainment venues that combined joy and memorable to travel abroad (39 wishes) Destinations spanned cities and dreams around the world, including Disneyland Orlando, Paris, Tokyo, Japan, Manchester, Korea, Switzerland, Germany, Bosnia, the Maldives, Thailand, Moscow, India, the Great Barrier Reef in Australia, and religious journeys such as Umrah. Year of Community Continue full coverage
Al Etihad
5 hours ago
- General
- Al Etihad
Operation Chivalrous Knight 3 begins loading of Khalifa aid ship for Gaza
16 July 2025 13:48 ABU DHABI (WAM)The loading of the eighth UAE aid ship, Khalifa, began Wednesday at Khalifa Port in Abu loading is complete, the vessel will sail to Al Arish Port in Egypt in preparation for delivering humanitarian aid to the Gaza initiative forms part of the United Arab Emirates' ongoing commitment to supporting the people of Gaza. The ship carries a substantial cargo of humanitarian and relief aid aimed at alleviating the suffering of civilians and providing vital supplies under the challenging conditions in the Strip. The shipment includes a variety of food items, such as ready-to-eat food parcels and provisions to operate community kitchens and field bakeries. It also comprises shelter materials, including tents, relief kits, clothing, mattresses and hygiene kits for families and the ship carries a fully equipped field hospital covering multiple medical specialities, along with ambulances, essential medicines, medical supplies, and drinking water tankers to ensure clean water access for affected shipment is part of a series of humanitarian initiatives launched by the UAE in support of the Palestinian people. It highlights the UAE's steadfast commitment to its humanitarian principles, providing assistance to those in need and enhancing relief efforts in cooperation with its charitable and humanitarian organisations.
