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Vienna / WAM Chancellor of Austria Sebastian Kurz received His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation and his accompanying delegation, as part of HH’s official visit to Austria. Sheikh Abdullah conveyed the greetings of the Vice President, Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum and ...

Abu Dhabi / WAM The Federal Tax Authority (FTA), has set up integrated electronic systems to allow Taxable Persons to register, file tax returns and pay their due taxes seamlessly. The system encourages voluntary compliance, said FTA Director General Khalid Ali Al Bustani, calling on all businesses registered with the Authority, whose first Tax Period ends on January 31, to ...

Bloomberg India’s Narendra Modi delivered an election year budget focussed on tamping down rural discontent ahead of crucial elections, spending that could prompt the central bank to raise interest rates in the coming months. With less than a week to go before the Reserve Bank of India meets to decide on policy, Finance Minister Arun Jaitley unveiled a budget that ...

Bloomberg Shanghai Henlius Biotech Inc., backed by Fosun Group, is planning an initial public offering that could make it one of the first to take advantage of proposed Hong Kong listing rules aimed at attracting early-stage drug developers, people familiar with the matter said. The subsidiary of Shanghai Fosun Pharmaceutical (Group) Co. is considering selling shares in Hong Kong as ...

Bloomberg India expects to spend up to $1.9 billion annually on premium payments to provide as many as 100 million poor families with free access to health care. The programme, which provides poor with hospital care, will be funded with 60 percent contribution from the federal government and rest coming from the states, the National Institution for Transforming India, the ...

LONDON / Reuters Saudi Arabia wants to complete talks with strategic investors such as China, Japan and South Korea before deciding where to list shares in state oil company Saudi Aramco, three sources familiar with the discussions said. Saudi officials have said the government plans to sell up to 5 percent of Aramco shares on one or more foreign exchanges ...

Bloomberg After its best January since 2006, the oil market wrapped up the week on a slump as a stronger dollar and weaker stocks added to concerns over booming shale production. Futures slipped 0.5 percent in New York, with oil inversely tracking the US dollar and American equities headed for the worst week in two years. A stronger greenback reduces ...

Bloomberg If climate change curbs live up to their promise, oil demand may fall 20 percent by 2040, Exxon Mobil Corp. says in one forward-looking report. But a more likely scenario is it will grow by 20 percent, the company says in separate outlook. The first comes in response to a shareholder vote last year that demanded Exxon publish the ...

Bloomberg India’s increased focus on cleaner cooking fuel may open the door for imports of liquefied petroleum gas from the US, according to Facts Global Energy. The world’s second-largest importer of the fuel raised its target for providing free cooking gas connections to the poor by 60 percent to 80 million families, Finance Minister Arun Jaitley said in his budget ...

Bloomberg With its money-losing refineries producing the least fuel in 27 years and only a handful of private partnerships announced since Mexico’s energy reforms, sealing a $2.6 billion venture with Mitsui & Co. will come as a relief to Petroleos Mexicanos. Pemex is a few months away from closing an agreement for the project with a group led by Mitsui ...