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Bloomberg Germany’s car industry built its world-class reputation on sedans like the Audi A4, the BMW 5-Series and the Volkswagen Passat, reliable models that look good in the family driveway or company lot. But a shift in consumer taste to more hulking vehicles is coming at the worst possible time. Demand for sport utility vehicles that initially took hold in ...

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, and President Vladimir Putin of Russia on Tuesday held an official meeting at the Presidential Palace in Abu Dhabi. His Highness welcomed the Russian President and his accompanying delegation. Sheikh Mohamed bin Zayed expressed ...

ABU DHABI / WAM The value of grants provided by the UAE in the first half of 2019 rose to AED10.5 billion, an increase of 56.7 percent compared to the same period in 2018. The total value of registered grants provided by the country in 2018 amounted to AED13.3 billion, a growth of 14.7 percent compared to 2017, according to ...

DUBAI / Emirates Business Chinese tourists to Dubai can now benefit from instant VAT refund capabilities at Dubai Airports via the We Tax Refund on the WeChat Mini Program, launched by Chinese tech giant, Tencent, and international payments service provider, Planet. With the support of Dubai’s Dubai Tourism, the new integrated service provides a seamless and secure way for visitors ...

Bloomberg The International Monetary Fund (IMF) made a fifth-straight cut to its 2019 global growth forecast, citing a broad deceleration across the world’s largest economies as trade tensions undermine the expansion. The world economy will grow 3% this year, down from 3.2% seen in July, with the 2020 estimate lowered to 3.4% from 3.5%, the fund said on Tuesday in ...

ABU DHABI / Emirates Business The Abu Dhabi International Boat Show (ADIBS) 2019 is all set to begin on Wednesday at the Abu Dhabi National Exhibition Centre (Adnec) Marina, with the participation of 284 companies and brands in the leisure marine industry. ADIBS 2019, which is organised by Abu Dhabi National Exhibitions Company, will evoke a sense of the rich ...

Bloomberg Advisers working on Saudi Aramco’s mammoth share sale may split a fee pool of as much as $450 million, according to people with knowledge of the matter, making it one of the biggest IPO pay outs globally. The oil giant is set to pay between $350 million and $450 million to a group of more than 20 banks working ...

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, and President Vladimir Putin of Russia on Tuesday held an official meeting at the Presidential Palace in Abu Dhabi. His Highness welcomed the Russian President and his accompanying delegation. Sheikh Mohamed bin Zayed expressed ...

Dubai / Emirates Business Chinese tourists to Dubai can now benefit from instant VAT refund capabilities at Dubai Airports via the We Tax Refund on the WeChat Mini Program, launched by Chinese tech giant, Tencent, and international payments service provider, Planet. With the support of Dubai’s Department of Tourism and Commerce Marketing (Dubai Tourism), the new integrated service provides a ...

ABU DHABI / WAM The Securities and Commodities Authority (SCA), posted draft regulations concerning crypto assets on its website, in line with its efforts to regulate and develop capital markets operating in the UAE. In a statement, the Authority urged all relevant parties including investors, brokers, financial analysts, researchers, media personnel, and others to provide their feedback and input on ...