Economy

Excise tax in UAE: Firms urged to count stocks by November 30

The UAE will levy excise tax on e-smoking devices and tools and sweetened beverages from December 1. Businesses in the UAE have been asked to...

China’s economy slows further, testing government policy stance

Even with the slowdown, year to date growth of 6.2% suggests the government can hit its 6% and 6.5% for 2019. China’s economic growth slowed...

Indian rupee touches 19.44 against UAE dirham

The rupee opened on a positive note at 71.38 against the US dollar. The Indian rupee opened 5 paise higher at 71.38 against the US...

100% foreign ownership: UAE launches economic free zones for space firms

Foreign companies to have 100 per cent ownership without the need of a local partner. The UAE has launched economic free zones and infrastructure for...

Doubling VAT right now is not on

IMF recommendations should first gauge economic and social realities in each country Over the years, we have had the chance to meet annually...

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