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ABU DHABI / WAM The electronic system for the Tax Refunds for Tourists Scheme exceeded all expectations in its first year, asserted Khalid Ali Al Bustani, Director-General of the Federal Tax Authority (FTA), revealing that the scheme has processed a total of 2.83 million applications since its launch in November 2018. The average daily number of applications the scheme processes ...

ABU DHABI / WAM The Abu Dhabi General Services Company (Musanada), revealed that work on the Jebel Hafeet School project in Al Ain city is progressing according to the agreed construction plan at a total cost of approximately AED117.3 million, with the actual completion percentage currently at around 58 percent. Musanada stated that it is building the school on a ...

Bloomberg Escalating protests against India’s new citizenship law have raised concerns that Prime Minister Narendra Modi has gone too far in appealing to his Hindu nationalist base, increasing the risk of communal bloodshed and threatening to undermine his plans to attract investment. Police stormed university campuses across India to quell week-long protests by students against a law that bars undocumented ...

Bloomberg China will provide retaliatory tariff waivers to buyers of US farm products on a more regular basis after the countries reached a phase one trade deal, according to people familiar with the situation. Waivers had previously been given in tranches but they’ll now be handed out more frequently, said the people, who asked not to be identified as the ...

Bloomberg Toyota Motor Corp is forecasting sales of 10.77 million vehicles worldwide during 2020, nudging it closer to No 1 automaker Volkswagen AG. Toyota’s outlook, which includes vehicles sold by subsidiaries Daihatsu Motor Co and truck maker Hino Motors Ltd, shows slight growth from an estimated 10.72 million vehicles this year. Volkswagen sold 10.8 million units in 2018 and said ...

Bloomberg The European Union (EU) agreed on a landmark green-finance regulation, advancing the bloc’s push to embed environmental goals in standards for banks, money managers and insurers. EU lawmakers approved an accord on the list of sustainable activities, following agreement by the bloc’s member states earlier in the day. Policymakers had to overcome last-minute divisions over the kinds of technologies ...

Bloomberg The UK labour market and manufacturing sector displayed further signs of nervousness around the now-postponed October 31 deadline to leave the European Union and in the run-up to last week’s general election. Vacancies fell below 800,000 for the first time in two years and wages grew at their slowest annual pace since 2018, the Office for National Statistics said. ...

Bloomberg European car sales rose 4.5% in November, the third straight monthly gain for automakers that have been battered all year by economic woes, trade wars and a broader industry slowdown. The monthly rise wasn’t enough to turn the year around so far, with cumulative sales since January still down 0.3%, the European Automobile Manufacturers Association said. Four of the ...

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, received a delegation of Speakers and members of regional and international parliaments and members of the Global Council for Tolerance and Peace, who are currently visiting the UAE to participate in the celebration of ...

Abu Dhabi / WAM The UAE on Monday announced AED55 million ($15 million) for school supplies that will support 400,000 students in Sudan. The monetary aid, provided by Abu Dhabi Fund for Development (ADFD), covers educational necessities, including classroom equipment. ADFD, in cooperation with the Sudanese government, supervised the delivery of the first shipment of school supplies that covers the ...