US jobs beat estimates to touch 224,000

New York: US hiring rebounded in June and topped all estimates of economists, a sign of labour-market strength that may ease calls for a Federal Reserve interest-rate cut. Stocks fell while Treasury yields and the dollar advanced. Payrolls climbed 224,000 after a downwardly revised 72,000 advance the prior month, according to a Labor Department report […]

Daily cash limit for VAT refunds set at Dh7,000

Abu Dhabi: Shaikh Hamdan Bin Rashid Al Maktoum, Deputy Ruler of Dubai and Minister of Finance and Chairman of the Federal Tax Authority (FTA), has issued FTA Decision No. (1) of 2019, setting a daily maximum of Dh7,000 for cash refunds of Value Added Tax (VAT) for tourists applying through the Tax Refunds for Tourists […]