Shisha, e-cigarettes to require ‘Digital Tax Stamp’ from November

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 a Decision whereby the “Marking Tobacco and Tobacco Products Scheme” will be implemented on water pipe tobacco and electrically heated cigarettes as of November 1, 2019. The decision also […]

Fed’s Powell says trade, global growth concerns continue to weigh on US economy

Concerns about trade policy and a weak global economy “continue to weigh on the US economic outlook” and the Federal Reserve stands ready to “act as appropriate” to sustain a decade-long expansion, Fed Chairman Jerome Powell said on Wednesday in remarks that could bolster expectations of an interest-rate cut later this month. In prepared remarks […]

Dubai Chamber, DP World sign MoU on Digital Silk Road initiative

DUBAI: Dubai Chamber of Commerce and Industry announced that it has signed a Memorandum of Understanding, MoU, with DP World – UAE Region, to collaborate on the Digital Silk Road, a Dubai 10X initiative that is expected to be launched by 2020. The Digital Silk Road is a smart digital platform which utilises blockchain technology […]

Instagram to let you restrict bullies without notifying them

San Francisco: To curb online bullying, Facebook-owned Instagram has announced a feature where a user can “shadow ban” or “restrict” a bully from commenting on his or her posts. Once you “restrict” someone, comments on your posts from that person will only be visible to that person. “We’ve heard from young people in our community that […]

Saudi Arabia expands reach of $28b fund to energy, mining

Saudi Arabia expanded the mandate of its 105 billion riyal ($28 billion, Dh102.7 billion) industrial fund to allow the financing of energy, logistics and mining projects as part of broader efforts to develop the kingdom’s industries. The changes greatly extend the purview of the Saudi Industrial Development Fund, which previously only provided financing to local […]