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Bloomberg India is committed to further improving its people-friendly tax regime, Prime Minister Narendra Modi said, as Asia’s third-largest economy seeks to attract more overseas investment to spur growth. The government has cut corporate tax rates and introduced a nationwide goods-and-services charge to integrate the nation’s economy, Modi said in a speech at Aditya Bira Group’s golden jubilee celebrations in ...

DUBAI / WAM Dubai Chamber of Commerce and Industry signed a Memorandum of Understanding (MoU) with First Abu Dhabi Bank (FAB), which will align the efforts of the two entities to digitise, facilitate and simplify trade processes in the UAE. The MoU was signed by Hamad Buamim, President & CEO of Dubai Chamber and Andre Sayegh, Deputy Group CEO & ...

Dubai / Emirates Business Emaar Malls, the shopping malls and retail business majority-owned by Emaar Properties, recorded an increase in revenue by 6 per cent during the first nine months (January to September) of 2019 to AED3.412 billion, compared to the revenue of AED 3.232 billion during the same period in 2018. Net profit for the period ending September 30 ...

Abu Dhabi / WAM Aldar Properties will launch “Manassah” – a new entrepreneurship competition designed to support UAE’s most ambitious retail and F&B entrepreneurs. Manassah will support entrants on developing innovative businesses across three categories – retail, cafe, and restaurant that will benefit from securing a dedicated space within selected Aldar developments, rent-free for a year, provision of fit-out, and ...

Emirates Business Organised by the Dubai Future Foundation (MIT) Technology Review and Haykal Media, the second edition of EmTech Mena kicks off on November 4-5 at Jumeirah Emirates Tower, showcasing emerging technology with the greatest potential to impact lives, inspire the future and drive the new global economy. Held under the patronage of HH Sheikh Hamdan bin Mohammed bin Rashid Al ...

ABU DHABI / WAM The 18th session of the General Conference of the UN Industrial Development Organisation (Unido), began on Sunday at the Emirates Palace Hotel in Abu Dhabi. More than 800 ministers, officials and representatives of 170 member countries of the organisation are in attendance at the event which will continue until November 7 to shape the future of ...

Bloomberg China secured the World Trade Organisation’s (WTO) go-ahead to impose $3.6 billion in sanctions against the US, in a case that predates the tariff war between the world’s two largest economies but may add a layer of tension to ongoing talks. The damages awarded, in a document released on the Geneva-based organisations’ website, are the third highest in WTO ...

Bloomberg A federal government mandated panel said air pollution in India’s capital and its suburbs over the last week has worsened to levels that should be treated as a public health emergency. The air quality index, or AQI, hit as high as 744 at some areas in the Indian capital according to website AirVisual, which monitors air pollution around the ...

Bloomberg UK economic growth is set to slow to the weakest pace in a decade next year, leaving Bank of England policy makers on hold through to 2021, according to the EY Item Club. The forecaster will say on Monday that GDP will increase 1% in 2020, down from a projection of 1.5% made in July, due to the weaker ...

Bloomberg A payments platform created by India’s largest retail banks surpassed a billion transactions in October, a milestone that affirms the tremendous growth of services offered by US giants from Walmart Inc to Amazon.com Inc and Google. Indian digital payments took off when the government pushed demonetisation in 2016, invalidating most of the country’s high-value currency notes in a move ...