Bloomberg Manhattan’s Fifth Avenue is known as the address of luxury retailers Bergdorf Goodman, Harry Winston and Tiffany & Co. Now value retailer Five Below Inc. is setting up shop. As part of its 2018 store expansion efforts, the retailer known for its $5 deals is planning to open its first Manhattan storefront, two blocks north of Bryant Park. The ...

AGENCIES The UAE intends to invest as much as $10 billion in South Africa’s economy, with a focus on key sectors such as tourism and mining among others, to support the sustainable development of the country. The commitment was made during the first state visit by South African President Cyril Ramaphosa to the Middle Eastern nation, the Presidency said in ...

ABU DHABI / WAM The Cabinet Decision to implement a system that returns Value Added Tax (VAT) to tourists will cement the UAE’s status as a premier global tourist destination, asserted the Federal Tax Authority (FTA). In a press statement issued on Saturday, the authority explained that the Cabinet Decision has set clear standards branded with transparency and accuracy in ...