Uber co-founder Travis Kalanick severs last ties to company

New York: About decade after co-founding Uber, Travis Kalanick on Tuesday severed his last ties from the ride-hailing giant, announcing he would exit the board of directors at the end of 2019. Kalanick, who was pushed out as chief executive in 2017 amid revelations about the controversial business practices that accompanied the company’s stunning rise, […]

Pakistan plans tax breaks for some sectors in new export policy

Islamabad: Pakistan is considering offering tax breaks to various industries with export potential as it looks beyond textiles to boost outbound trade, an adviser to Prime Minister Imran Khan said. Engineering, chemicals, technology and footwear are among 20 sectors identified for incentives, Abdul Razak Dawood, the commerce and investment adviser to the prime minister, said […]

UAE business owners head for 100% option

Dubai: Some of the biggest corporate deal-making in the UAE in 2020 needn’t be about mergers or acquisitions. Instead, it could involve foreign business owners trying to buy up the stakes that are now with their UAE national partners. This was one of the reforms announced by the UAE Government this year, and applies to […]

Tax cuts give Pakistan economy welcome break

Dubai: By easing taxes on some its main exports, Pakistan hopes to give the economy a timely boost and narrow the trade deficit. At the same time, any such tax cuts will definitely improve trade ties with its key Gulf partners, the UAE and Saudi Arabia. Pakistan, the second largest economy in South Asia, expects […]