Beirut: Lebanon’s central bank wants local holders of a $1.2 billion Eurobond maturing in March to swap into new notes as part of a debt restructuring. “We are making preemptive proposals that are voluntary” and dependent on the consent of Lebanese banks, Governor Riad Salameh said in an interview in Beirut. “We haven’t taken any […]
More rain is expected across the country in the coming days.
Mumbai: India’s rupee will likely beat most Asian peers this year, according to Rabobank, in contrast with other top forecasters who expect the currency to continue trailing. The worst of the country’s economic slowdown has passed and the authorities are unlikely to use currency depreciation as a measure to revive growth, said Hugo Erken, head […]
Singapore: Institutional interest in Bitcoin-related contracts appears to be building and market measures indicate high anticipation of the launch of CME Group Inc. options on January 13, according to JPMorgan Chase & Co. While a consortium known as Bakkt, which includes New York Stock Exchange parent Intercontinental Exchange Inc., began offering options last month, volumes […]
Dubai: Dubai’s Department of Economic Development (Dubai Economy) issued 38,377 new licenses to businesses in 2019, up 90 per cent over 2018 when 20,129 licenses were granted. The Department’s Business Registration and Licensing section said on Sunday that in 2019 it also saw a slight decrease in the number of licenses cancelled to 4,949 from […]
There is a way around for those who don’t earn Dh25,000 a month.
In UAE e-commerce (electronic sales and purchases) is subject to the standard 5 per cent value added tax (VAT). As a transitional provision, all goods coming from GCC member countries are subject to VAT until the implementing state provisions becomes operational. Physical goods and electronic services such as software, e-games, e-subscriptions, mobile phone applications and […]
Sheikh Hamdan also offered his condolences during the visit.
Glimpses into Air Traffic Control, ATC, modernisation and innovation will be provided to aviation industry stakeholders More…
Etihad Guest, the award-winning loyalty programme for Etihad Airways, has inked a new partnership with Gulf Air, the More…