Zara owner hikes dividends, cuts on expansion

Madrid: Inditex SA is responding to the malaise in the clothing retail sector by cutting spending on store openings and instead returning more cash to investors. The Spanish owner of the Zara chain unveiled a policy Wednesday to pay out 60 per cent of profit in ordinary dividends, up from 50 per cent previously. Investors […]

UK Won’t Apply Tariffs on Most Goods in a No-Deal Brexit

(Bloomberg) — The UK will avoid imposing tariffs on most imported goods in the event of a no-deal Brexit, though officials said prices of key European Union products including beef, cheese and cars will rise. The government said Wednesday its “balanced approach” aims to offset a spike in prices that consumers would experience in a […]

Abu Dhabi waives new licence fees, cuts business setup charges at airports free zone

Dubai: The Abu Dhabi Airports Free Zone (ADAFZ) has reduced the fees associated with setting up a business by more than 65 per cent. In a move that could ease the cost of doing business in the UAE, the authority said it is also waiving all licence fees for new companies. Aside from reducing setup […]