Blog List Layout

Abu Dhabi / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, asserted that the UAE has chosen to adopt the development of ‘Future Industry’ in various aspects as means of development on its way of becoming a world leader in adopting technology. Comments by His Highness Sheikh ...

ABU DHABI / WAM The Department of Culture and Tourism – Abu Dhabi, is spearheading a delegation from Abu Dhabi at this year’s Riyadh Travel Fair, till April 13 in Saudi Arabia’s capital. Now in its 10th edition, the trade show plays a strategic role in gathering major travel, tourism, and hospitality decision-makers from both the public and private sectors ...

Dubai / WAM Tax compliance in the UAE is one of the highest in the world, as 98.8 percent of all businesses and groups registered for Value Added Tax (VAT), have complied with submitting their Tax Returns on time, where the rate increased after follow-ups from the Federal Tax Authority (FTA), asserted Khalid Ali Al Bustani, Director-General of the FTA. ...

Bloomberg President Donald Trump said relations with Russia are worse than they have ever been and warned the country to “get ready” because a volley of US missiles would soon be sent into Syria in response to a suspected chemical weapons attack. “Russia vows to shoot down any and all missiles fired at Syria. Get ready Russia, because they will ...

Bloomberg Walmart Inc. looks likely to take the next round in the battle for India’s retail market over rival Amazon.com Inc. Flipkart Online Services Pvt, the country’s leading e-commerce company, is leaning towards selling a controlling stake to the Bentonville, Arkansas-based company, rather than Amazon, because of the greater certainty in such a deal, according to people familiar with the ...

Bloomberg Indonesian billionaire brothers Michael Hartono and Budi Hartono, who built their fortunes by providing banking services, are now turning their focus on telecom. PT Sarana Menara Nusantara, backed by Hartonos’ Djarum Group, is open to acquisitions to consolidate its leadership position in the cellular tower business, according to Vice President Director Adam Gifari. Sarana has cash or cash equivalent ...

Bloomberg British businesses overwhelmingly want to stick to European rules after Brexit, according to the most detailed sector-by-sector analysis of what companies need the UK to fight for in negotiations. The Confederation of British Industry, which compiled the data, argues that the opportunities presented by breaking free from European Union regulations are vastly outweighed by the cost of losing access ...

Bloomberg The French economy may have just had its worst quarter in more than a year and there could be further pain ahead if planned strikes opposing President Emmanuel Macron’s reforms go forward. Industrial sentiment fell to the lowest in more than a year in March and manufacturing output unexpectedly declined in February, according to reports this week. A broad ...

BERLIN / Reuters Volkswagen will give labour leaders a management board seat as part of a broad agreement to win approval for Herbert Diess as the German carmaker’s new chief executive, sources said on Wednesday. Europe’s largest automotive group is poised to replace group chief executive Matthias Mueller this week with Diess, a cost-cutter hired in 2015 from BMW as ...

Cairo / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces and President of Egypt Abdel Fattah el-Sisi, discussed the fraternal relations between the two countries and ways to enhance them as well as the overall regional and international issues of mutual interest. This came when ...