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For employees, the CPF contribution is 20% up to the age of 55, 15% for those above 55 to 60 years of age, and it decreases to 9.5% for individuals aged above 60 to 65. For employees aged above 65 to 70, the CPF contribution rate is 7%. The CPF contribution rate further decreases to 5% for individuals aged 70 and above. [14]
The UAE federal tax system is administered by the Federal Tax Authority (FTA), which was founded ahead of the 2018 implementation of a federal value added tax (VAT). The current standard VAT rate in the country is 5%. [2] [3] In January 2022, the UAE Ministry of Finance announced the implementation of a federal corporate tax starting June 2023. [4]
Khaleej Times is a daily English language newspaper published in Dubai, United Arab Emirates. [ 2 ] [ 3 ] [ 4 ] Launched on 16 April 1978, Khaleej Times is the UAE's longest-running English daily newspaper .
Al Khaleej (Arabic: الخليج, lit. 'The Gulf') is a daily Arabic-language broadsheet newspaper published in Sharjah , United Arab Emirates by Dar Al Khaleej . [ 1 ] The daily is the first newspaper published in the country.
The National Center for Meteorology (NCM; Arabic: المركز الوطني للأرصاد) is the national meteorological research and forecasting organization of United Arab Emirates, working under the Ministry of Climate Change and Environment (United Arab Emirates) of the United Arab Emirates.
The UAE witnessed a record-breaking rainfall in a 24 hour period, surpassing Emirati meteorological data since records began in 1949. According to the National Centre of Meteorology, the highest rainfall was recorded in the Khatm Al Shakla area in Al Ain , reaching 254.8 mm (10.03 in) in less than 24 hours. [ 8 ]
Tourism is a major economic source of income in Dubai and part of the Dubai government's strategy to maintain the flow of foreign cash into the emirates. [19] The tourism sector contributed in 2017 about $41 billion to the GDP, making up 4.6% of the GDP, and provided some 570,000 jobs, accounting for 4.8% of total employment. [20]