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Awareness sessions on VAT for real estate sector held

ABU DHABI / WAM The Abu Dhabi Chamber of Commerce and Industry, in co-operation with the Federal Tax Authority, has organised an awareness workshop on applying the tax system in the UAE, titled “VAT for Real Estate Sector and Registration Mechanism.” The workshop aimed at spreading awareness among real estate companies on the mechanism of applying value added tax (VAT) ...

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Wal-Mart gives tepid outlook as grocery race heats up

­­­­­­­­­­­Bloomberg Wal-Mart Stores Inc., racing to fend off Amazon.com Inc. and a fresh attack from European grocery discounters, gave a lukewarm earnings forecast for the third quarter, a sign that heavy spending aimed at maintaining its edge is taking a toll. The shares slid recently after the retail giant said that profit will be 90 cents to 98 cents a ...

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Uber’s Kalanick calls investor Benchmark lawsuit a ‘fabrication’

Bloomberg Uber Technologies Inc.’s co-founder Travis Kalanick fired back at investor Benchmark, saying its lawsuit seeking to oust him from the ride-hailing company’s board is based on “a fabrication” and accused the firm of threats and intimidation. Upping the ante on his fight with the venture capital firm, which holds a 13 percent stake in Uber, Kalanick said that Benchmark ...

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