NEW DELHI: India’s next government will have to bring in land, labour and financial sector reforms to improve the productivity of the manufacturing sector and boost economic growth, India’s chief economic adviser said. “These are the critical areas we need to work on,” Krishnamurthy Subramanian said in an interview. Several business leaders said a delay […]
ANKARA. Annual Turkish consumer price inflation fell to 19.67 per cent in February, official data showed on Monday, dropping below 20 per cent for the first time since August as food price inflation eased following a government price-cutting campaign. Economists said the decline was not sufficient to prompt an immediate interest rate cut by the […]
Your Excellency, Senaat is the largest conglomerate in the UAE. How is ‘Made in UAE’ boosting innovation and investment quotient in local manufacturing? As demand for locally manufactured products increases, it will undoubtedly create a need to further strengthen the supply base, especially in heavy industries, through strategic investments and an innovative approach. There are […]
Beijing. China is planning to cut the value-added tax rate that covers the manufacturing sector by 3 percentage points as part of measures to support the slowing economy, a person familiar with the matter said. The reduction in the highest of the nation’s three VAT brackets could be announced as soon as this week, when […]
Dubai plans to expedite government payments to small and medium-sized companies in an effort to revive economic growth in the Middle East’s trade and business hub. The government will pay SMEs within 30 days instead of 90 days, according to the state-run WAM news agency. The measure is expected to result in 1.6 billion dirhams […]
New York. Eli Lilly & Co. is introducing a new version of insulin at half the cost as drugmakers grapple with growing political criticism over the price of the life-saving treatment for diabetes. Lilly said Monday it will start selling a lower-price version of its Humalog for $137.35 a vial. “While this change is a […]
Gbemi Giwa wants her slice of the pie that is the gig economy. Her solution is a cloud kitchen, a restaurant built around food deliveries. “Our entire model is built on online; so about 90 per cent of the sales come through our third-party delivery apps such as Deliveroo, Lunch On, Uber Eats, Talabat, Zomato […]
Dubai Municipality says it approved nearly 50,000 building permits in 2018, while 6,043 buildings were completed last year
Police say motorists who avoid traffic violations for six successive months will have their fines slashed by 50%
Dubai: Fraudsters are again impersonating as staff of a telecom company in the UAE in order to trick mobile phone subscribers into giving away their personal information in a lottery scam that has just resurfaced. The scammers are sending out a fake message purportedly from du, telling people that they have been selected in a […]