ABU DHABI / WAM The Federal Tax Authority (FTA) has begun carrying out procedures related to implementing the latest Cabinet decision on excise goods, excise tax rates, and the method of calculating the excise price, issued in August 2019, which expanded the scope of excise goods to include electronic smoking devices and liquids, and sweetened drinks. The new decision goes ...

Bloomberg When a Chinese state-owned survey vessel sailed into waters off Vietnam’s coast in early July, it unleashed a high-seas standoff with trillions of dollars at stake that risks drawing in Russia and the US. For weeks now the Haiyang Dizhi 8 has zigzagged across a square block of water to study the seabed in an active drilling block operated ...

Bloomberg French President Emmanuel Macron is calling on container lines to avoid using a new Arctic shipping route to protect the environment. Speaking at the start of the Group of Seven summit in Biarritz in southwest France on Saturday, Macron said France’s biggest shipping line, CMA CGM, has committed not to use the so-called Northern Sea Route being promoted by ...