US says China trade deal has no clause to reduce tariffs

Washington: The trade truce with China set to be signed on Wednesday does not include a deal to roll back tariffs imposed on most Chinese goods, US officials said in a statement Tuesday. The joint statement from the Treasury and the US Trade Representative’s office said “there is no agreement for future reduction in tariffs. […]

Gulf Capital invests $100m in fertility clinic acquisition

Abu Dhabi: Alternative asset managing company Gulf Capital on Tuesday announced a $100 million (Dh367 million) acquisition of fertility service provider IVI-RMA Middle East. The acquisition, which represents the group’s single largest investment deal, will see Gulf Capital having a 100 per cent stake in the operation, as the company aims to increase the number […]

Mohammed Bin Rashid amends gratuity law in Dubai

Dubai: His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, in his capacity as the Ruler of Dubai, has amended the graduity law in Dubai. He has enacted the Employment Law Amendment Law No. 4 of 2020, Dubai International Financial Centre (DIFC), the leading international financial hub in […]