Over 50 Saudi companies exhibiting at Gulfood

Updated 26 February 2013

Over 50 Saudi companies exhibiting at Gulfood

More than fifty companies from Saudi Arabia are participating in the Gulfood exhibition that was opened by Sheikh Hamdan bin Rashid Al Maktoum, deputy ruler of Dubai and UAE minister of finance, yesterday (Monday) at Dubai World Trade Center.
Sheikha Lubna bint Khalid Al-Qasimi, UAE minister for foreign trade, and ministers, ambassadors and dignitaries from around the world were present on the occasion.
Al Mona Co. For Tahina & Halawa, Al Obeikan Elopak Factory for Packaging Co., Al Watania Plastics (WP), Al Zawaq Foods, Al-Alwani & Memoni Dates Factory, Al-Jasriah Chocolate & Sweet Factory, Al-Rabie Saudi Food Company Ltd., Almadinah Dates Co. (Tomoor), Americana Meat Company, Health Food Factory, and United Food Industries Corp Ltd. are some of the major participating companies from Saudi Arabia. All of them offer several new products for the region.
Gulfood has grown consistently over the last 26 years and has become a significant driver of food and beverage trade for global markets. The event has attracted over 1,400 new exhibitors this time.
“It is clear that Gulfood delivers substantial business contracts and facilitates unrivalled trade opportunities for both regional and international businesses,” said Helal Saeed Almarri, director general of Department of Tourism and Commerce Marketing (DTCM) and CEO of Dubai World Trade Centre (DWTC), organizer of Gulfood.
Following the inauguration of the show, government ministers and heads of international trade delegations from over 14 countries conducted bilateral talks at the Ministers Meet. The event will run through Thursday (Feb. 28).

VAT refunds for UAE tourists to start November 18

Tourists can identify participating stores through frontstore posters. (File/AFP)
Updated 22 October 2018

VAT refunds for UAE tourists to start November 18

  • Only invoices from registered retail outlets will be eligible for refund

DUBAI: UAE tourists could avail of Value Added Tax (VAT) refunds on their purchases in the country starting November 18, local daily Khaleej Times has reported.

The UAE Federal Tax Authority is implementing the new tax scheme, which allows VAT rebates for tourists.

More than 4,000 retail stores across the UAE will be part of the tax refund system, FTA director general Khalid Ali Al-Bustani said, adding that only invoices from the registered outlets will be eligible for the refund.

Tourists can identify the participating stores through frontstore posters, he added.

First phase will be implemented in Abu Dhabi, Dubai and Sharjah International Airports, while full implementation will be finished by mid-December.

"The scheme will be fully operational as per the timeline we set for it and will include integrated electronic programs and mechanisms for direct connection between retailers and tax refund offices for tourists at airports and land and sea ports," Al-Bustani said.