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Abu Dhabi / Emirates Business The Federal Tax Authority (FTA) is preparing to launch an awareness campaign on Tax Invoices on Sunday in Abu Dhabi markets, urging all businesses registered for Value Added Tax (VAT) to issue tax Invoices on all sales to protect consumer rights. The FTA had launched the campaign on January 28, in collaboration with Departments of ...

Abu Dhabi / WAM The visit by Pope Francis, head of the Catholic Church, to the UAE, beginning tomorrow, will help achieve humanitarian and cultural goals and highlight the UAE’s role as a bridge for cultural interaction, said Dr. Amal Abdullah Al Qubaisi, Speaker of the Federal National Council (FNC). In a statement made on Saturday to mark the historic ...

NEW YORK / WAM In meetings with senior United Nations (UN) officials and nongovernmental organizations this week, Dr. Anwar Gargash, Minister of State for Foreign Affairs, reiterated UAE commitment to achieving a political solution to the conflict in Yemen, while expressing serious concerns about the continued obstruction of peace efforts in Yemen by the Iranian-backed Houthis. The minister reconfirmed the ...

Abu Dhabi / WAM The Global Conference of Human Fraternity opened on Saturday in Abu Dhabi, with the participation of 700 leaders, thinkers and representatives of different faiths to discuss the critical importance of fraternity and peaceful coexistence. The conference is being held at Emirates Palace in Abu Dhabi under the patronage of His Highness Sheikh Mohamed bin Zayed Al ...

Bloomberg Alberta is easing mandatory oil curtailments after prices for heavy crude from the Canadian province surged while producers were getting exasperated. The new target for output next month will be 3.63 million barrels a day, up from 3.56 million in January, the provincial government said in a statement. Inventories have dropped by 5 million barrels, reducing a glut that ...

Bloomberg Indian Prime Minister Narendra Modi made a populist push in his final budget before elections, cutting taxes for middle-class voters and giving cash handouts to farmers. The government will allocate 750 billion-rupee ($10.6 billion) a year for the cash plan for about 120 million farmers and give taxpayers 185 billion rupees of relief in the year to March 2020, ...

Bloomberg China has snapped up more US soybeans following two days of trade talks in Washington. State-run buyers Cofco Corp. and Sinograin purchased more than one million tons of American soybeans each, the companies said in separate statements on Saturday. The purchases are “to implement the consensus that the leaders of both China and the US have come to,” according ...

Bloomberg Talks for a $20 billion Malaysian rail project are still ongoing, with the Southeast Asian nation expecting to make a decision “as soon as possible,” the Star newspaper reported, citing Prime Minister Mahathir Mohamad. Mahathir said the status of the East Coast Railway Link is being negotiated with China, and that he couldn’t disclose further information until the outcome ...

Bloomberg Indonesia postponed construction of second phase of Jakarta’s Mass Rapid Transit (MRT) project because of a land-use issue, the Jakarta Post reported. The company delayed the ground breaking of the project, that was originally scheduled in January, because the State Secretariat has yet to issue a land-use permit for Medan Merdeka, the area near the Presidential Palace, Sabandar said. The ...

Bloomberg The British automotive industry saw investment plunge last year as carmakers delayed decisions on upgrading machinery and factories amid mounting concern about the impact of a hard Brexit. Spending plunged 46 percent to 589 million pounds ($769 million), the lowest since the global financial crisis, the Society of Motor Manufacturers said in a statement. Concern about the impact of ...