News

Abu Dhabi / WAM The Federal Tax Authority, FTA, has called on businesses registered for Value Added Tax (VAT), and whose quarterly and monthly tax periods ended by March 31, to file their tax returns and pay their due taxes by April 29. In a press statement, the authority explained that according to the Federal Decree-Law No. (8) for 2017 ...

Abu Dhabi / WAM The Department of Culture and Tourism – Abu Dhabi, DCT Abu Dhabi, organised the Zayed Loyalty March, to mark the ‘Year of Zayed’ and the centenary of the birth of the late Sheikh Zayed bin Sultan Al Nahyan. The march – which is an embodiment of the love, loyalty and gratitude that the Emirati nation have ...

Dubai / WAM Under the patronage of HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, the Sustainable Communities and Climate Change Summit (SCCCS), will be organised by the Ministry of Climate Change and Environment (MOCCAE), in partnership with the Dubai Land Department and Majid Al Futtaim, on April 22 ...

Fujairah / WAM Total oil product stocks in Fujairah stood at 18.134 million barrels, down 2.6 percent or 486,000 barrels from a week earlier, following a sharp draw in middle distillates stocks, according to the latest data from the Fujairah Energy Data Committee, or FEDCom. Stocks of middle distillates were down by more than a quarter to 2.119 million barrels, ...

Abu Dhabi / WAM Reem bint Ibrahim Al Hashimy, Minister of State for International Cooperation, announced that the UAE will host the Gavi 2018 mid-term review. The high-level conference will be held in Abu Dhabi on December 10-11, and will lay out a vision for the future of the Gavi model, providing an opportunity to take stock of Gavi’s performance ...

Dubai / WAM The Dubai International Financial Centre (DIFC), on Wednesday announced three new strategic initiatives as part of the economy-boosting initiatives recently reviewed by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, aimed at catalysing economic growth in Dubai and cementing its global status as a competitive business destination. ...

Bloomberg Salil Parekh didn’t get much time to settle in after taking over the helm of Infosys Ltd. Since becoming chief executive officer in January, the 53-year-old has crisscrossed three continents to meet with customers and employees to get his hands around the challenges facing India’s iconic tech-services giant. He talked with 48 clients in his first three months — ...

Bloomberg IHH Healthcare Bhd. has asked Fortis Healthcare Ltd. for three weeks to complete due diligence ahead of making a potential binding offer, people with knowledge of the matter said, as the takeover battle for India’s second-largest hospital chain escalates. IHH, Asia’s most valuable hospital operator, sent a letter to Fortis’s board on April 16 with the due diligence request ...

Bloomberg China’s decision to stop putting foreign carmakers in bed with local partners is unlikely to prompt a major unwind anytime time soon. But it dangles the lucrative draw of future wholly-owned future factories. Such a move would benefit new competitors like Tesla Inc. and late China-arrivals like Fiat Chrysler Automobiles with no or limited joint-venture production in China. Luxury ...

Bloomberg Runaway jewellers have become somewhat of a staple of news headlines out of India. But reading the small print of trade numbers may tell a new story — flight of capital. A spurt in imports of precious stones and pearls, at a time when gold imports have moderated, has raised the red flag for analysts at Credit Suisse AG, ...