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Thai baht, travel stocks surge as nation eases tourism restrictions

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Bloomberg Thailand’s baht rallied the most since August as an easing of travel requirements for vaccinated visitors brightened the outlook for the tourist-reliant economy. The baht jumped as much as 1.4% to 33.426, the biggest gain since August 24. Visitors from 10 low-risk countries will not be required to undergo isolation on arrival from November 1, Prime Minister Prayuth Chan-Ocha ...

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FTA calls on participants of Expo 2020 to avail VAT refund scheme

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DUBAI / WAM The Federal Tax Authority (FTA) has called on official participants in Expo 2020 Dubai to avail the Value Added Tax (VAT) refund scheme for taxes paid on goods and services connected with Expo 2020 Dubai. The scheme is implemented by the FTA in accordance with UAE Cabinet Decision No. (1) of 2020 on the Refund of Value ...

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Arada launches second phase of AED8b Masaar project in Sharjah

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SHARJAH / WAM Arada, a UAE-based development company, has launched “Kaya”, the second residential phase of its forested lifestyle mega community Masaar, located in the Al Suyoh district of Sharjah. Containing 421 townhouses and villas, the launch of Kaya has been brought forward following strong demand for homes in the first phase of the AED8 billion Masaar megaproject. Launched in ...

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