Opec likely to extend production cuts at upcoming meeting

Abu Dhabi: Opec+ will likely agree to extend their current round of production cuts beyond March and up until the end of 2020, analysts said as the group prepares to convene in Vienna on Thursday and Friday. Opec+ is an alliance of crude producing countries that includes Opec member and non-Opec countries, such as Russia, […]

Japan will make preparations for Jan trade deal with US

TOKYO: Prime Minister Shinzo Abe said on Thursday that Japan would make necessary preparations for a trade deal with the United States to come into effect in January. Japan’s upper house of parliament on Wednesday approved the deal, which cuts tariffs on US farm goods and Japanese machine tools. The lower house endorsed it last […]

Excise tax rates in the UAE: What you need to know about sugary drinks, cigarettes and other products

Dubai: “When I bought cigarettes today, I paid the same as I always do, and I bought them from a legit place, not a corner grocery” a fellow Gulf News employee told me this morning. “All the cheaper variants, specifically locally produced cigarettes weren’t even on the shelf, but I know they have increased to over […]

Expo 2020: Industry impact

Dr Azad Moopen, Chairman, Aster DM Healthcare Group Expo 2020 is expected to boost the economy through an estimated Dh123 billion as a result of investment, tourism and other revenue streams. Out of the expected 25 million visitors, I am confident there will be a percentage that will see the opportunities that Dubai presents for […]