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Shaikh Khalifa Bin Zayed Al Nahyan is the president of the UAE. (Image source: Crown Prince Court)

Shaikh Khalifa Bin Zayed Al Nahyan, the President of the UAE, has issued the Federal Decree-Law No 8 of 2017 for Value-Added Tax (VAT) at a standard rate of five per cent, which will be imposed on the import and supply of goods and services at each stage of production and distribution including what is deemed to be a supply

Subroto Som, Head of Retail Banking Group at Mashreq. (Image source: Mashreq)

Mashreq Bank has announced the launch of MashreqPay - a digital mobile wallet providing secure easy-to-use payment for purchases, anywhere in the world where cards are accepted and the merchant terminal has NFC (near-field-communication) capability

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