Emirates quashes social media rumours about suspending flights “from March 17”

Dubai: Dubai-based airline, Emirates has put to rest news of it suspending flights from March 17. In its latest tweet, the airline posted there was no truth to this and it was merely baseless rumours circulating social media. The tweet read: “Emirates confirms that there is no truth to the rumours circulating on social media that the […]

How Invenio can help transform VAT processes in the region

The UAE and Saudi Arabia were first two countries in the Gulf to levy five per cent value-added tax (VAT) on a host of goods and services as part of GCC-wide framework from January 1, 2018. Other countries are following the region’s two largest economies in VAT implementation. The introduction of a GCC-wide VAT could […]

India increases fuel taxes in a bid to shore up revenue

New Delhi: India on Saturday increased taxes on petrol and diesel in a desperate attempt to increase government revenue at a time when tax collections have fallen amid the weakest economic growth in over six years, with the coronavirus impact yet to come. The excise duties on the fuels, which have been hiked by 3 […]

Lego builds for growth with regional headquarters in Dubai to serve 68 markets across MEA

Retail value of toys and games in the Middle East is set to grow to US$ 5.2 Billion by 2021 and Danish toy manufacturer Lego is on the scene to expand. General Manager Middle East & Africa (MEA), Jeroen Beijer, talks access to MEA, Dubai as a global business hub and e-commerce growth opportunities. “We […]