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Dubai / Emirates Business Sales within the UAE’s ICT sector reached $4 billion in 2016, driven by growing demand for products and services within the country’s public and private sectors, new analysis conducted by the Dubai Chamber of Commerce and Industry has revealed. The analysis, based on recent data from Business Monitor International (BMI) and Euromonitor International, was released during ...

Dubai / WAM Experts in banking and finance shared insights on the impact of Blockchain at a panel discussion organised by the e-Dirham team of the Ministry of Finance (MoF), in partnership with First Abu Dhabi Bank (FAB), during GITEX Technology Week, 2017. The panel discussion was a part of e-Dirham’s awareness initiatives which include an interactive talk by experts ...

Dubai / WAM Maqta Gateway, the developer and operator of the first port community system in the UAE has made presence at the region’s leading technology event, GITEX Technology Week, as part of the Abu Dhabi Digital Government pavilion for the second consecutive year. During the exhibition, Maqta Gateway is showcasing some of the latest home-grown technology solutions including the ...

Bloomberg Turkish President Recep Tayyip Erdogan said the US should immediately withdraw its ambassador if he failed to consult with his superiors over a decision to suspend visa services, saying he doesn’t regard the envoy as an American representative and won’t accept his farewell visit. “I find the lack of consultation by senior US authorities with our foreign minister awkward,” ...

Bloomberg India is reviving attempts to overhaul its half-century-old direct tax laws as it looks to increase the share of collections from the lowest in a decade. Prime Minister Narendra Modi’s government is working to ensure that tax payers don’t need to submit multiple returns and have quicker options of redress should a dispute arise, said people familiar with the ...

Bloomberg China’s biggest search engine, Baidu Inc., checks out 3 billion claims of fake news every year and works closely with government agencies to tackle an issue it calls a global challenge. The spread of rumors and false information is a problem faced by companies around the world that requires technology and cooperation with external organizations to fix, President Zhang ...

Bloomberg Google summoned about 200 policy staff from around the world last month for a debate on whether the company’s size has made it too attractive as a target for government regulators. The two-day retreat in Monterey, California, where employees from the $682 billion company plied Washington policy experts with questions about the pros and cons of its size, took ...

Bloomberg Year after year, as Puerto Rico’s government drew ever closer to ruin, it cut hundreds of millions of dollars from roads, schools and other public works. It neglected the electricity system, leaving it dilapidated and prone to prolonged outages. The water utility, which was leaking untreated sewage, put a $1.4 billion construction plan on hold. At least 5,800 police ...

Bloomberg Two European companies in the burgeoning business of fresh food are planning initial public offerings, underlining consumers’ quest for healthier diets as demand for packaged and processed foods wanes. HelloFresh SE, an unprofitable meal-kit startup controlled by Rocket Internet SE, plans to sell as much as $353 million of stock in Frankfurt even after US rival Blue Apron Holdings ...

Abu Dhabi / WAM The UAE Federal Tax Authority (FTA), announced that online registration for Value Added Tax (VAT), is now open, through its website, as part of the Authority’s preparations for the 5 percent VAT, set to be introduced from January 1, 2018. This is part of the Authority’s commitment to facilitate the registration procedures for all businesses in ...