New York: High in the Alps, the global elite will be feeling low about the economic outlook. The ski resort of Davos, Switzerland, will again play host next week to the World Economic Forum’s annual meeting, drawing JPMorgan Chase & Co’s Jamie Dimon, German Chancellor Angela Merkel and Chinese Vice-President Wang Qishan. Domestic political strife […]
Economy resilient to face UK’s political confusion in coming weeks.
Dubai: The Federal Tax Authority (FTA) has announced it will allow foreign companies to claim back Value Added Tax (VAT) incurred while doing business in the UAE, in a move that experts say will attract greater investment into the country. In a new guide, titled ‘VAT Refunds for Business Visitors’, the tax regulator sets out […]
The seven announced initiatives announced by the Executive Committee of the Saudi-Emirati Coordination Council on Saturday are: Saudi-Emirati Pilot cryptocurrency The first of its kind joint pilot cryptocurrency was launched during the meeting. The cross-border digital currency will be strictly targeted for banks at an experimental phase with the aim of better understanding the implications […]
New York BlackRock Inc, the world’s largest asset manager, inadvertently posted confidential information about thousands of financial adviser clients on its website. The data appeared in three spreadsheets, linked on one of the New York-based company’s web pages dedicated to its iShares exchange-traded funds. The documents included names and email addresses of financial advisers who […]
Associate Editor Dubai: Additional signs of biting US sanctions on the Iranian economy will start to appear this year, economists and researchers have said. Tens of thousands of jobs are expected to be lost, and all economic sectors that are engaged with foreign investments, including the automobile industry, will bear the brunt of the American […]
KHARTOUM: Sudan must implement radical reforms or seek a bailout from friendly nations to pull its economy out of the current downward spiral, economists and bankers say. The government has run up budget deficits by subsidising the cost of fuel, bread and other products. To cover this deficit, it has expanded the money supply. But […]
Executive Committee of the Saudi-Emirati Coordination Council agrees seven initiatives at its first meeting in Abu Dhabi
“I remember the last time I saw my mother before she left for England for treatment. I kissed her, hugged her and held her hand.”
Prosecutors had charged him with possessing, dealing and consuming drugs.