Tax exemptions for UAE sovereign investments in India

Dubai: In line with its ongoing efforts to create an ideal investment environment internationally, the UAE, in coordination with the relevant authorities in India, has managed to reach tax exemptions for the UAE’s sovereign investments in India applicable to the infrastructure sector for all sovereign investment institutions in the UAE, both federally and locally. This […]

UAE millionaires: Meet Sanjay and Vinay Jethwani of Meena Jewellers in Bur Dubai

Dubai: An evening stroll down the narrow lanes of Meena Bazaar and you cannot miss the glitter, the desi glamour – that hits you straight away. A haven for South-Asian businesses, majority of the bustling shopping area is shaped by the entrepreneurial and service efforts of Indians who arrived decades ago. Sanjay and Vinay Jethwani […]

Mubadala to consider buying Jadwa’s UAE health-care assets

Abu Dhabi: Mubadala Investment Co. is in talks to buy Jadwa Investment Co.’s health-care assets in the UAE, according to people familiar with the matter. The Abu Dhabi-based wealth fund is working with Rothschild & Co. on structuring a potential deal with the Saudi Arabian private equity group, some of the people said, asking not […]

China to halve tariffs on some US imports as virus risks grow

BEIJING: China on Thursday said it would halve additional tariffs levied against 1,717 American goods last year, following the signing of a Phase 1 deal that brought a truce to a bruising trade war between the world’s two largest economies. While the announcement reciprocates the United States commitment under the deal, it is also seen […]