A total of Dh1 million blood money was transferred to legal heirs of Pakistanis who died in Dubai.
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The International Monetary Fund predicted the world economy will strengthen in 2020, albeit at a slightly slower pace than previously anticipated amid threats related to trade and tensions in the Middle East. Global growth will accelerate to 3.3% from 2.9% in 2019, marking the first pickup in three years, the fund said Monday. Both figures […]
Mumbai: India’s top court agreed to hear a plea by Bharti Airtel Ltd. and Vodafone Idea Ltd. seeking more time to negotiate terms of payment for the $7 billion the two operators owe the government in back-fees, providing temporary relief to the indebted wireless carriers. The matter will be taken up next week by judges […]
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By Lionel Laurent “Davos is not one thing. There are many Davoses at Davos.” This haiku-like meditation on the annual Swiss junket – which is known for preaching the gospel of touchy-feely stakeholder capitalism against a backdrop of $43 hot dogs, $10,000 hotel rooms, and several hundred trips by private plane – could have come […]
Dubai: Dubai Aerospace Enterprise (DAE) announced on Monday that it has signed a US$300 million (Dh1.1 billion) four-year unsecured term loan with China Construction Bank DIFC Branch, and China Construction Bank (Asia) Corporation Limited. The principal amount of the loan can be increased to $500 million. The loan will support the future financing needs of […]
Dubai: Dubai International Financial Centre (DIFC) said on Tuesday its latest law on employee savings plans will provide protection to workers in cases when companies enter into administration or go out of business. In a statement to announce the final details ahead of the launch of the new scheme on February 1, DIFC said the […]
It makes no business sense to delay your until you have completed your credentialing processes. Also, don’t start with too many …
DUBAI: The growth pace of the regional logistics industry is set to intensify in the year 2020 on the back of boosted UAE growth expectations. The UAE is hosting the region’s first Expo, in 2020, a mega event which is poised to start in October and for which preparations are in full swing. The growth […]
Abu Dhabi: The Federal Tax Authority, FTA, announced on Tuesday that it has launched a new platform on its website to streamline the process of recovering Value Added Tax, VAT, incurred by UAE citizens on the building of new homes. Citizens who qualify for VAT recovery on newly-built homes will receive an email with a […]
Dubai: Dubai’s tourism industry closed a successful decade at the end of 2019, welcoming an all-time high 16.73 million international overnight visitors, an impressive 5.1 per cent increase in tourism volumes, definitively surpassing the global tourism growth forecast by the United Nations World Tourism Organisation (UNWTO) by over one per cent. Dubai’s top six source […]