Bloomberg For Indonesians seeking to bring back billions of dollars stashed overseas, the government just opened up more avenues to park their funds under a tax amnesty plan. Individuals who sign up to the amnesty will be allowed to invest in assets such as gold, property and infrastructure projects, according to the Finance Ministry. Participants can also move funds between ...
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India palm oil imports fall third month
Bloomberg Palm oil imports by India probably fell for a third month in July as some buyers switched to soybean oil. Imports dropped 20 percent to 585,000 metric tons in July from a year earlier, according to the median of five estimates in a Bloomberg survey of processors, brokers and analysts. Total vegetable oil purchases rose 11 percent to ...
Read More »India coal ministry to seek environment tax on petcoke
Bloomberg India’s coal ministry, at the urging of state miner Coal India Ltd., is asking the government to levy an environmental tax on a competing fuel in effort to maintain coal’s cost-competitiveness, according to people with knowledge of the matter. Petcoke, an oil-refining by product and a coal substitute, is more polluting than coal and should be subject to ...
Read More »Azizi launches AED350mn Al Furjan apartment project
Dubai / Emirates Business Azizi Developments, a leading UAE-based real estate developer with an influence in many international markets, has on Wednesday announced the launch of its 271-unit, “Roy–Mediterranean†services apartment project – a high-end residential offering, with hotel facilities, located in the Al Furjan district of Dubai. Farhad Azizi, CEO of Azizi Developments, said: “Al Furjan, Dubai, is ...
Read More »UAE among top performers in EDGI
DUBAI / WAM The UAE prominently featured major developments in its e-services and ranked high in the latest UN Department of Economic and Social Affairs’ (DESA) E-Government Development Index (EDGI) Survey 2016, according to UN DESA’s Vincenzo Aquaro, Chief E-Government Branch, Division for Public Administration and Development Management. The statement reflects the huge success and progress in the country’s ...
Read More »DAFZA, Spanish Business Council discuss economic coop
Dubai / Emirates Business The Dubai Airport Freezone Authority (DAFZA) discussed ways to develop mutual economic cooperation with the Spanish Business Council in order to enable Spanish companies to benefit from the available growth potentials at the Freezone, which provides an ideal gateway to the emerging markets in the Middle East, North Africa and South Asian regions (MENASA). This ...
Read More »SCI spends AED60.4mn on charitable, devp projects across globe
SHARJAH /Â WAM In the first half of 2016, Sharjah Charity International (SCI) spent AED60.4 million in humanitarian, charitable, developmental and services projects for the benefit of poor people in a number of countries across the world. A report on SCI’s foreign aid said that these humanitarian initiatives were carried out as part of the UAE’s policy to support underprivileged ...
Read More »Dubai Customs, MoE host WTO TFA training workshop
Dubai / WAM The Dubai Customs Training Centre organised, jointly with the Ministry of Economy (MoE) a training workshop on the provisions of the WTO Trade Facilitation Agreement (TFA), to give the employees of Dubai Customs (DC) an insight into the TFA. The workshop facilitator Sultan Ahmed Darwish, Director of Trade Negotiations and WTO, Ministry of Economy, said that “The United ...
Read More »Empower to introduce students to district cooling industry
DUBAI /Â WAM As part of its role in enhancing the competence of UAE nationals, Emirates Central Cooling Systems Corporation (Empower) has launched a summer training programme for Emirati university students to boost their learning process and expose them to latest technologies, innovations and environmental solutions. “The summer programme demonstrates our commitment to our country by training the UAE nationals ...
Read More »Panasonic Avionics, Yahsat announce landmark connectivity services pact
Abu Dhabi / Emirates Business Panasonic Avionics (Panasonic) and Yahsat on Wednesday announced the signing of a Memorandum of Understanding (MOU) to explore new ways to offer a broadband connectivity solution serving several mobility markets in the Middle East within the next three to five years. In addition, while final terms are still being negotiated, the MOU allows both ...
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