DUBAI / WAM The Dubai Free Zones Council and the Federal Tax Authority have organised an informative workshop on Value-Added Tax (VAT) that will be implemented in the UAE starting from 2018. The event drew the participation of more than 70 representatives of companies operating across Dubai’s various free zones. With the aim of helping free zone entities fulfil their …

DUBAI / WAM Foreign direct investment (FDI) inflows to West African countries increased 12 percent to $11.4 billion in 2016, supported by recovering investment in Nigeria, a recent analysis conducted by the Dubai Chamber of Commerce and Industry revealed. The analysis, based on data from United Nations Conference on Trade and Development, UNCTAD, was released by the Chamber as it …

MOSCOW / LONDON / Reuters Russia’s biggest oil company, Rosneft, has agreed to take control of Iraqi Kurdistan’s main oil pipeline, boosting its investment in the autonomous region to $3.5 billion despite Baghdad’s military action sparked by a Kurdish vote for independence. The move appears to be part of a strategy by President Vladimir Putin to boost Moscow’s Middle Eastern …