World economy wobbles on eve of Davos, with politics to blame

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 […]

Foreign companies can now claim VAT back on UAE business

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 […]