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  Bloomberg Indonesia is considering options for setting up tax-haven jurisdictions as it tries to lure back billions of dollars through its amnesty program to fund infrastructure projects and finance the widening budget deficit, Coordinating Maritime Minister Luhut Panjaitan said on Sunday. News of the haven plan follows an announcement by the government on Aug. 11 that it would allow ...

  Bloomberg State Grid Corp. of China reached a deal to gain control of Brazil’s CPFL Energia SA, after two major shareholders agreed to sell the Chinese company their stakes in the $7.3 billion utility, people with knowledge of the matter said. Bonaire Participacoes and Banco do Brasil SA’s pension fund, known as Previ, have given informal approval to sell ...

  Bloomberg South Korea’s economy will expand 2.7 percent this year and 3 percent next year, the International Monetary Fund said in a statement, which also welcomed recent fiscal and monetary stimulus in Asia’s fourth-largest economy. The nation has “considerable fiscal space” to manage challenges to growth such as an aging society and high household debt, the fund’s directors said ...

  DUBAI / Emirates Business His Excellency Dr. Thani Al Zeyoudi, Minister of Climate Change and Environment called on the UAE youth to engage and be part of the country’s global efforts in protecting the environment, achieving sustainable development and combating climate change. The statement came in His Excellency’s opening remarks at the Youth Circle held at the Mleiha Archeological ...

  Beirut / AFP The IS group has freed hundreds of civilians used by the extremists as human shields while retreating in northern Syria, US-backed forces and a monitor said on Saturday. A source from the Syrian Democratic Forces (SDF), which pushed IS out of the city of Manbij this week with the aid of US-led air strikes, said that ...

  Sharjah / Emirates Business Sharjah Chamber of Commerce & Industry (SCCI) launched its ‘Business Intelligence System’ – a smart scheme that aims at fully boosting the chamber’s digital transformation process for all its transactions and inquiries, in a move to exploit digital and technical technologies providing cutting-edge support to administration decisions and corporate reports’ preparations within inspiring a new ...

  Dubai / WAM Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA), headed a high-level delegation from DEWA in an official visit to Spain, to enhance mutual relationships and exchange best experiences. The delegation gained insight into the achievements of Spanish companies, the best international practices in sustainable energy, the diversification of energy resources. The ...

  Dubai / Emirates Business While people around the world wait for the summer season in anticipation of warmer temperatures and family vacations, the majority of respondents in the Middle East and North Africa (MENA) region see winter as the most popular season. In fact, when asked about their favourite season of the year, only 16.7% of respondents to the ...

  Dubai / Emirates Business AAT (the Association of Accounting Technicians), a globally-recognized player in the accounting and finance sector, has joined forces with PAC Professionals & Accountancy Center Dubai to deliver AAT’s highly respected and internationally recognized accounting and finance courses in the UAE for the first time. With over 130,000 members in more than 90 countries, courses offered ...

  Bloomberg Democratic presidential nominee Hillary Clinton and her husband, former president Bill Clinton, earned adjusted gross income of $10.6 million in 2015 and paid $3.6 million in federal income taxes, according to a tax return her campaign released as it sought to draw a contrast with her Republican rival, Donald Trump. Their income would place the Clintons well within ...