US considers withdrawal of zero tariffs for India exports worth $5.6b

NEW DELHI: India could lose a vital US trade concession, under which it enjoys zero tariffs on $5.6 billion of exports to the United States, amid a widening dispute over its trade and investment policies, people with close knowledge of the matter said. A move to withdraw the Generalised System of Preferences (GSP) from India, […]

Mohamed Bin Zayed receives French Minister of Economy

Abu Dhabi: His Highness Shaikh Mohammad Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, received Bruno Le Maire, French Minister of the Economy and Finance, at Al Shati Palace on Saturday. Le Maire is currently visiting the UAE to participate in the World Government Summit, […]

Saudi allocates $3.1 billion to help companies with 2017-18 expat fee hikes

RIYADH. Saudi Arabia’s King Salman has approved a scheme to reimburse some of the companies who struggled to pay steadily increasing fees for expatriate work permits in 2017 and 2018 and waive the fee hikes for some who weren’t able to pay, the labour minister said. The government is allocating 11.5 billion riyals ($3.1 billion) […]