China not conceding to US demands to ease curbs on tech firms

Beijing: Ahead of fresh high-level trade talks this week, China is not conceding to US demands to ease curbs on technology companies, the Financial Times reported on Sunday, citing three people briefed on the discussions. US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin are scheduled to travel to Beijing for talks starting on […]

China officials tap lower tariffs, debt sales to aid growth

Beijing: China’s top officials pledged to lower tariffs and expedite debt sales in 2019 as they seek to manage an economic slowdown while tackling the trade standoff with the US. The country will continue to cut import taxes and create a first-rate environment for foreign businesses as it opens up the economy, Vice Premier Han […]

UAE government’s surplus in 2018 stood at Dh67.5b

Abu Dhabi. The UAE government’s surplus posted Dh67.5 billion in 2018, according to the latest figures released by the Ministry of Finance. The surplus increase is attributed to the rise in the UAE Government’s revenues, which hit Dh455.5 billion in 2018, while expenditures totalled Dh388.147 billion. Earlier, the Federal Competitiveness And Statistics Authority announced that […]

Disruption no stranger to UAE’s FMCG business

Think of FMCG and it is made up of relatively low value and high volume food, beverages, toiletries, over-the-counter drugs and other consumables. Within that, the beverage sector does have a big part, particularly in the hot and sultry months of summer in the UAE. This category constitutes a mix of carbonated and non-carbonated ready-to-drink […]