Dubai: The UAE has reiterated that it doesn’t have any plans at the moment to raise its 5 per cent value added tax (VAT) after Saudi Arabia tripled the levy and Oman said it plans to start imposing it from April. The second-biggest Arab economy is continuing to modernize its tax policies for economic growth, […]
It has also entered the planning stage for recovery, for which it had set up a national committee.
Washington: Federal regulators are requiring Zoom to strengthen its security in a proposed settlement of allegations that the video conferencing service misled users about its level of security for meetings. The settlement, approved by the Federal Trade Commission in a 3-2 vote, was announced Monday. A complaint filed by the agency accused Zoom of deceiving […]
Dubai: Dubai International Financial Centre’s ‘innovation’ mandate has been expanded, with venture capital firms now able to access subsidised licensing and able to set up operations within weeks. In addition to being considered by the DIFC FinTech Fund, venture capital firms from DIFC and elsewhere in the region are using the DIFC Innovation Hub to identify […]
A total of 53 per cent of schoolkids are now sitting for face-to-face classes but they also have virtual lessons.
Oman is seeking to raise money off the back of its largest oil block, as the Gulf nation looks for new ways to tame its budget deficit and steady a reeling economy. The sultanate plans to transfer its 60% stake in Block 6, which has a production capacity of 650,000 barrels a day, from Petroleum […]
The quarantine order for international passengers, which was issued in September this year, stands as it is.
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