Bitcoin breaches $10,000 to hit highest level since October

Bitcoin is back above $10,000. The largest cryptocurrency’s recent upward momentum carried it past that psychologically significant level on Sunday for the first time since October, according to Bitstamp pricing. It rose as much as 2.6 per cent to $10,179 (Dh37,382), capping a gain of about 40 per cent so far this year. Its breach […]

VAT exemptions for schools in UAE: FTA releases circular

Abu Dhabi: The Federal Tax Authority, FTA, launched the “Basic Tax Information Bulletin” as part of its campaign for 2020, as it seeks to continue raising awareness about taxes and providing taxpayers with periodic and detailed tax information. In its first edition, the bulletin focuses on tax treatment for the education sector, including schools, pre-schools, […]

Opec+ panel calls for more oil cuts on coronavirus impact

DUBAI: An Opec, non-Opec technical panel has recommended extending a current oil supply cut pact until the end of 2020 and more output reductions due to the impact of the coronavirus on oil demand, Algeria’s oil minister said in a statement. Mohamed Arkab, who currently holds the presidency of the Organisation of the Petroleum Exporting […]

Capacity at Sir Bani Yas Cruise Beach to double with Dh100m expansion

Abu Dhabi: Abu Dhabi Ports, the master developer, operator and manager of the emirate’s commercial and community ports, announced today plans to design and construct a new cruise jetty at Sir Bani Yas Cruise Beach, off the coast of Abu Dhabi. The Dh100 million new jetty project will be completed in Q4 2020, in time […]

Swiss Arabian strengthens global reach with new store in Dubai Mall

The Swiss Arabian Perfumes Group, the UAE-based perfumery pioneer, revealed the opening of its newest and largest flagship store at the Dubai Mall. Strategically located in level one of the mall, the new store signals the commencement of a renewed period of heritage for Swiss Arabian- highlighting the company’s continuing commitment to create a diverse […]

More companies withdraw from Singapore Airshow on virus fears

Singapore: More international aviation companies are withdrawing from the Singapore Airshow as concerns around the novel coronavirus outbreak mount. Organisers of the event, billed as Asia’s largest aerospace and defence conference, earlier announced it would proceed as scheduled with additional health screening and cleaning measures to reduce risks. The weeklong show is due to kick […]