News

  Abu Dhabi / WAM The UAE will begin implementing the standards of joint disclosures and the exchange of information for tax purposes set out by the G20 and Organisation for Economic Cooperation and Development (OECD), in accordance with the Foreign Account Tax Compliance Act (FATCA), from 2018. This follows the UAE Cabinet’s decision for the Ministry of Finance (MoF) to ...

  Ajman / Emirates Business Ajman (ARRA), the state-run institution mandated with regulating the real estate activities and developments in Ajman, on Saturday held a press briefing to announce the upcoming ‘Ajman Real Estate Conference 1’ scheduled for December 14, that will showcase the real estate project pipeline in the Emirate and its envisioned future. To be held under the ...

  Dubai / Emirates Business Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE, announced on Saturday the launch of its credit card in partnership with Dubai-based flydubai. The credit card will enable customers to enrol in OPEN, a newly launched rewards programme from flydubai. By joining the programme, customers will earn OPEN reward points every time they ...

  Dubai / Emirates Business Dubai Road and Transport Authority (RTA) has been announced as a Host Partner for PayExpo MENA, and will welcome global experts coming to Dubai to discuss the revolutionary changes in smart transport ticketing. Transport Ticketing MENA forms part of PayExpo MENA, which will bring together over 1000 senior decision makers to discuss innovations across the ...

  Abu Dhabi / Emirates Business The Ministry of Climate Change and Environment (MoCCAE) in collaboration with the Ministry of Education and the Environment Agency- Abu Dhabi, on Saturday has launched the “Our Generations” initiative and the “Sustainable Schools” initiative as its execution arm. The launch was announced at a press conference in Festival Arena, Dubai in the presence of ...

  AFP Kuwaitis went to the polls on Saturday for the first election contested by the opposition in nearly four years amid fresh disputes over cuts in subsidies due to falling oil revenues. Turnout was high at many of the 100 polling stations with some centres reporting 70 percent of eligible voters had cast their ballots with two hours to ...

  Bloomberg Libya’s UN-backed government is under mounting pressure to devalue its currency, joining other energy producers from Nigeria to Kazakhstan that have buckled in the face of tumbling revenue and domestic turmoil. The dinar has been steadily weakening on the black market over the past year as the nation’s political rifts thwarted a recovery in oil output. It hit ...

  JUBA / AP South Sudan’s government has accepted with “no conditions” increase the peacekeeping force in the country as mandated by the U.N. Security Council in August, Minister of Cabinet Affairs Martin Lomuro told the Associated Press on Saturday. “I expect them arrive at any time. The challenge is now on the U.N. to implement and fulfill their promises,” ...

  Bloomberg Smothered by increasingly toxic air, India is moving to the forefront of a global push to use more of cleaner natural gas in vehicles. The country’s state-run gas companies are charting ambitious plans to extend the use of natural gas to trucks and scooters, and build infrastructure for long-haul travel on the fuel. Their optimism is reflected in ...

  Bloomberg Japan’s consumer prices fell for an eighth straight month — the longest streak of declines since 2009-2011, underlining how distant the nation is from achieving its 2 percent inflat- ion target. Consumer prices excluding fresh food, the Bank of Japan’s primary gauge of inflation, dropped 0.4 percent in October from a year earlier (forecast -0.4 percent.). Overall consumer ...