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Dubai / WAM The growing local and international trust in Dubai, and the wider UAE, promises greater progress in the domestic economy, especially in the Islamic economy domain, Sultan bin Saeed Al Mansouri, Minister of Economy and Chairman of Dubai Islamic Economy Development Centre (DIEDC), at the DIEDC’s meeting. DIEDC convened its first board meeting for 2018, reviewing all the ...

Abu Dhabi / WAM The Federal Tax Authority (FTA), has set up integrated electronic systems to allow Taxable Persons to register, file tax returns and pay their due taxes seamlessly. The system encourages voluntary compliance, said FTA Director General Khalid Ali Al Bustani, calling on all businesses registered with the Authority, whose first Tax Period ends on January 31, to ...

Bloomberg India’s Narendra Modi delivered an election year budget focussed on tamping down rural discontent ahead of crucial elections, spending that could prompt the central bank to raise interest rates in the coming months. With less than a week to go before the Reserve Bank of India meets to decide on policy, Finance Minister Arun Jaitley unveiled a budget that ...

Bloomberg Shanghai Henlius Biotech Inc., backed by Fosun Group, is planning an initial public offering that could make it one of the first to take advantage of proposed Hong Kong listing rules aimed at attracting early-stage drug developers, people familiar with the matter said. The subsidiary of Shanghai Fosun Pharmaceutical (Group) Co. is considering selling shares in Hong Kong as ...

Bloomberg A group of pro-European lawmakers are using the tools of Parliament to try to force PM Theresa May to maintain trade ties with Europe after Brexit, a move that will delight business but stoke further division within May’s Conservative Party. Former Chancellor of the Exchequer Ken Clarke and former Business Minister Anna Soubry have proposed an amendment that would ...

Bloomberg The US Justice Department has offered to settle its emissions-cheating lawsuit against Fiat Chrysler Automobiles NV if the automaker recalls 104,000 vehicles and pays a substantial but unspecified civil penalty. The proposed framework of an offer was extended to the Italian-American car company and included steps it would have to take to mitigate its past pollution and make internal ...

Bloomberg Some of Ukraine’s biggest corn growers are reluctant to expand production even though prices have recovered to an 18-month high. Part of the problem is that export prices for the crop are still just half of a 2011 peak and shippers are facing fierce competition from Brazil. Ukrainian farmers have had a tough time with corn after unfavourable weather ...

Bloomberg UK Prime Minister Theresa May and her Chinese counterpart Li Keqiang set thorny political issues aside and offered a bullish vision of the two countries’ blossoming trade relationship after Brexit. The two leaders put their countries on the path towards negotiating a future free-trade agreement, setting up a high-level panel to review and expand commercial ties. A British official ...

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, received at the Sea Palace a delegation from the UAE’s Federal Transport Authority – Land and Maritime, on the occasion of the UAE becoming the first Arab country to win Category B membership into ...

Madrid / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, met Spanish Foreign Minister, Alfonso Dastis, and discussed with him enhancing cooperation between the two countries and means of developing relations in various fields. During the meeting, part of Sheikh Abdullah’s official visit to Spain, they exchanged views on a number of ...