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Economy

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

Economy Staff Writer -
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

China Staff Writer -
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

Economy Staff Writer -
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

Economy Staff Writer -
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

Economy Staff Writer -
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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