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Map of Dubai. Dubai, established in the early 19th century, is one of the seven emirates that form the United Arab Emirates. Despite being along the eastern edge of the Arabian Peninsula, Dubai is located halfway between the financial capitals of London and Singapore, giving it access to a vast number of people within a short distance. [1] Due to its business enviro
This is a list of government-owned companies of the United Arab Emirates. A Government-owned corporation is a legal entity that undertakes commercial activities on behalf of an owner government. Their legal status varies from being a part of government to stock companies with a state as a regular stockholder. There is no standard definition of ...
The federal government and local governments are entitled to levy taxes on citizens and companies. The federal government currently levies a value added tax, corporate income tax, and excise taxes. Some emirates levy property, transfer, excise and tourism taxes. Some emirates also charge corporate taxes on oil companies and foreign banks.
Transfer payments to (persons) as a percent of federal revenue in the United States Transfer payments to (persons + business) in the United States. In macroeconomics and finance, a transfer payment (also called a government transfer or simply fiscal transfer) is a redistribution of income and wealth by means of the government making a payment, without goods or services being received in return ...
The business also launched an online money transfer brand, Money2anywhere.com. XPay; a mobile bill payment application was also purchased in India. [ 11 ] In 2009 it became an Authorised Payment Institution with the UK financial regulator Financial Services Authority (which later became the Financial Conduct Authority ).
These sectors are the responsibility [3] of the Dubai Export Development Corporation, Mohammed Bin Rashid Establishment for Young Business Leaders, Dubai Shopping Festival Office and the Foreign Investment Office. [2] The DED was the 2012 winner of the 'Distinguished Government Entity' in the Government of Dubai's excellence programme. [4]
Pages in category "Government-owned companies of Dubai" The following 16 pages are in this category, out of 16 total. This list may not reflect recent changes .
Government spending or expenditure includes all government consumption, investment, and transfer payments. [ 1 ] [ 2 ] In national income accounting , the acquisition by governments of goods and services for current use, to directly satisfy the individual or collective needs of the community, is classed as government final consumption expenditure .