Blog List Layout

Bloomberg Israel’s air force carried out strikes against Hamas targets throughout the Gaza Strip after Palestinian snipers shot and killed an Israeli soldier at the border, amid warnings that the conflict was sliding towards war. Hamas, the group that rules the Gaza Strip, said that four of its members were killed in the air strikes. The Israel Defense Forces said ...

Bloomberg President Donald Trump said he’s ‘ready to go’ with $500 billion in tariffs on Chinese imports, saying the US has been taken advantage of for too long. “I’m not doing this for politics. I’m doing this to do the right thing for our country,” Trump said in a CNBC interview. “We are being taken advantage of and I don’t ...

Bloomberg The European Union (EU) is preparing a new list of American goods to hit with protective measures if a mission to Washington fails to persuade US President Donald Trump not to raise levies on car imports. “If the US would impose these car tariffs that would be very unfortunate but we are preparing together with our member states a ...

Bloomberg For more than two years, a small and stealthy group of engineers within Google has been working on software that they hope will eventually replace Android, the world’s dominant mobile operating system. As the team grows, it will have to overcome some fierce internal debate about how the software will work. The project, known as Fuchsia, was created from ...

DUBAI / WAM Dubai developer Emaar has announced plans to build the Middle East’s largest Chinatown within the retail district of its mega development Dubai Creek Harbour. Emaar’s announcement comes ahead of the visit of Chinese President Xi Jinping to the UAE on Thursday and will further strengthen UAE-China relations. The retail precinct will occupy a central location within the ...

ABU DHABI / WAM The UAE has excellent diplomatic and economic relations with China which are based on mutual cooperation, and is also keen to promote regional and international communication, to help create a bright future and achieve global security, peace and stability. Political Relations The Founding Father of the UAE, late Sheikh Zayed bin Sultan Al Nahyan sent a ...

Abu Dhabi / WAM The Federal Tax Authority (FTA), has called on persons dealing with commercial real estate to apply the basic Value Added Tax, VAT, rate of five percent on all sales and rent of such properties, urging buyers to pay the due VAT before proceeding with the transfer of ownership. The Authority had organised an awareness tour for ...

Abu Dhabi / WAM The National Health Insurance Company, Daman, has launched a new service that allows private sponsors to renew health insurance policies of family members and domestic staff online. The service is a significant upgrade over previous iteration, launched in 2016, which limited renewals to sponsored employees in eight professions, mostly domestic staff. During its trial phase, more ...

Bloomberg Donald Trump was still dug in, unwilling to back down a day after siding with Vladimir Putin over US intelligence agencies in accepting the Russian leader’s denial of interfering in the 2016 US presidential election. That changed after a meeting between the president and Vice President Mike Pence and Secretary of State Michael Pompeo, according to a person familiar ...

Bloomberg Reliance Industries Ltd., India’s second-largest company by market value, plans to raise about $5.8 billion in fresh debt this financial year as it expands its consumer businesses, according to people familiar with the matter. The billionaire Mukesh Ambani-led company will raise funds through loans and bonds, mostly in the Indian currency, the people said asking not to be named ...