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FTA uncovers tax violations worth AED71.48m

ABU DHABI / WAM The Federal Tax Authority (FTA) has intensified its inspection campaigns in the local markets in collaboration with the Ministry of Economy, the Federal Customs Authority and other competent authorities to ensure compliance with tax legislation and procedures, as well as protecting consumers from trafficked products that do not meet quality specifications approved within the UAE. In ...

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A hot Indian food IPO during a tech cold war

India’s current rate of spawning unicorns, or startups with at least a billion dollars in valuation, is almost three per month. But all that action is in private markets; practically nothing of the digital economy trades publicly. Which explains the nervous excitement over this week’s initial public offering by one of the country’s two dominant online food-delivery services. As China ...

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Netflix proves it’s essential at all times

As earnings season begins, one of the biggest emerging storylines is that Netflix Inc’s most formidable rivals, led by Walt Disney Co, already may be starting to falter. If Disney can’t get to where Netflix is, can anyone? Netflix is set to kick off the industry’s quarterly reports next week on July 20, while investors will have an anxious wait ...

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