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UAE Federal Tax Authority set to launch EmaraTax on December 5

  Abu Dhabi / WAM Further to the announcements by the Federal Tax Authority (FTA) during the past weeks, the Federal Tax Authority confirmed its intention to launch the EmaraTax platform on December 5. The migration to EmaraTax will commence from the end of day on Wednesday, November 30 and EmaraTax will be available for use from December 5. To ...

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Dubai Cares highlights importance of integrating education, climate at COP27

  DUBAI / WAM Highlighting the importance of integrating education and climate to achieve global education transformation, Dubai Cares, a civil society organisation formally associated with the United Nations Department of Global Communications, participated at the 27th United Nations Climate Change Conference (COP27). Marking the 30th anniversary of the adoption of the United Nations Framework Convention on Climate Change, COP27 ...

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Dewa organises workshops on clean, renewable energy and AI

  Dubai / WAM The Dubai Electricity and Water Authority (Dewa) Innovation Centre, in collaboration with the Arab Youth Centre (AYC), organised a series of virtual technical training workshops on clean and renewable energy using artificial intelligence (AI) and latest technologies to enhance the efficiency and sustainability of energy. The two-day workshop was attended by 57 young men and women ...

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Biden to meet Xi in bid to avert a full rupture in US-China ties

Bloomberg The US and China disagree on so many things, across so many spheres, that other world leaders are increasingly warning of a deeper rupture that could split the global economy. With the stakes rarely higher, President Joe Biden heads to Bali, Indonesia, for his first in-person meeting with China’s Xi Jinping since taking office last year with promises to ...

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Melania Trump’s lawyer likely to win Slovenian presidential vote

  Bloomberg Slovenians are voting in a presidential election pitting a human-rights lawyer who has vowed to uphold the rule of law against the ally of an ousted nationalist leader criticized for undermining the country’s democratic values. Natasa Pirc Musar, who once served on the legal team of former US First Lady Melania Trump, had the edge in opinion polls ...

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Germany’s annual borrowing set to hit $45 billion next year

Bloomberg Germany’s ruling coalition is planning to more than double net federal borrowing next year to help ease the impact of the energy crisis and steer Europe’s largest economy through an expected recession. The government is targeting net borrowing of €45 billion ($45 billion) in 2023, according to people familiar with the plan, who asked not to be identified discussing ...

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US firms add 239,000 jobs, boosted by leisure hospitality sectors

  Bloomberg Hiring at US companies rose in October by more than forecast, mainly reflecting a surge in leisure and hospitality and underscoring resilient labor demand despite the Federal Reserve’s efforts to cool the economy. Private payrolls rise 239,000 last month after a revised 192,000 gain in September, according to data from ADP Research Institute in collaboration with Stanford Digital ...

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Twitter pauses 8$ subscription programme

Bloomberg Twitter Inc. suspended the $8 subscription program it launched earlier this week to combat a growing problem of users impersonating major brands, a person familiar with the move said. Existing subscribers will still have access to their account, said the person who asked not to be identified because the information is private. The move was reported earlier by the ...

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UK’s Hunt seeks budget plan to make recession short, shallow

  Bloomberg The UK’s new financial plan will seek to make any recession as short as possible, Chancellor Jeremy Hunt said. “I want to make sure that this recession, if we are in one, is as short and shallow as possible,” Hunt said in an interview on Sky News. The UK economy shrinks in the third quarter for the first ...

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UAE to attract AED100bn in tourism investments

  Abu Dhabi / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, launched, on Friday, the UAE Tourism Strategy 2031, which comes under the ‘Projects of the 50’ as one of the biggest projects of the next years. The strategy aims to strengthen the position of the ...

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