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  Bloomberg India is likely to spend less on subsidising fertilisers as global prices fall and the government looks to narrow its budget deficit, according to people familiar with the matter. Officials are considering slashing the fertiliser subsidy bill to 1 trillion to 1.5 trillion rupees ($18 billion) for the 2023-24 fiscal year starting April, according to the people, who ...

Bloomberg Thailand will exceed its most-recent target for foreign tourist arrivals by about 15%, buoyed by a year-end rush of visitors from Europe and the United States, according to the government’s tourism agency. At least 11.5 million international travellers will come this year, compared to a target of 10 million, according to Yuthasak Supasorn, governor of the Tourism Authority of ...

  Bloomberg China’s soaring Covid infections are keeping people home and causing a slump in travel and economic activity, according to the latest high-frequency data. Following the recent abrupt end to Covid Zero controls, more cities have been hit by an exit wave of infections in the past week, leading to crowded hospitals and queues at funeral parlours. That’s keeping ...

Bloomberg North Korea fired two suspected short-range ballistic missiles ahead of a major political meeting to set policy for the new year, after ratcheting up tensions with a record number of launches in 2022. The suspected ballistic missiles were fired at around 4:32 pm from an area near Pyongyang’s main international airport towards waters off North Korea’s east coast, South ...

Sharjah / WAM A survey conducted by Nama Women Advancement, in partnership with UN Women, found that 77.6% of women-owned businesses (WOB) in the UAE are led by those under the age of 40. Of the 1,000 female business owners who took part in the survey, 48.8% are CEOs and 61.4% are sole proprietors, a clear indicator that Emirati entrepreneurs, ...

  Dubai / WAM Dell Technologies and G42 Cloud have signed a memorandum of understanding (MoU) to help customers in the UAE accelerate their digital transformation drive by collaborating on cloud, security and IT and managed services. The MoU was signed by Walid Yehia, General Manager – UAE, Dell Technologies, and Talal Al Kaissi, CEO of G42 Cloud, at Dell ...

  Abu Dhabi / WAM The UAE economy has quickly survived the economic impact of the Covid-19, with near-term economic growth being strong, underpinned by a rebound in domestic activity, while elevated oil prices support high surpluses in the fiscal and external balances, according to a top IMF official. “Economic growth has been robust this year, led by a strong ...

  Abu Dhabi / WAM The Ministry of Finance (MoF) has launched a Corporate Tax Public Awareness Programme following the issuance of the Federal Decree-Law on Taxation of Corporations and Businesses. The launch of the programme was announced during a media briefing held on Thursday by the ministry to raise public awareness of corporate tax in the UAE and abroad. ...

Sharjah / WAM The Sharjah Research, Technology and Innovation Park (SRTIP) is increasing the investment in 3D printing with the goal of promoting innovation in a number of sectors and industries, including the crucial manufacturing sector. With the UAE becoming a global competitor in the field of 3D printing, Sharjah is steadily moving towards taking a frontline position in this ...

Bloomberg After a jarring six months marked by sweeping policy promises, U-turns and four Chancellors of the Exchequer, UK financiers head into 2023 uncertain that the coming year will finally usher in substantive reforms to the City of London. Current Chancellor Jeremy Hunt promised in this month’s Edinburgh Reforms to “turbocharge growth” for the country’s banks, insurers and asset managers. ...