ABU DHABI / Emirates Business ADCorp Ltd, the ADGM-based Islamic financial institution, has announced a new partnership with Sands Capital Management LLC, a leading independent investment manager based in the US. The partnership will see the two institutions working together to offer Shariah-compliant portfolios and funds, with Sands Capital acting as an advisor on exclusive products for ADCorp’s clients. The ...

ABU DHABI / WAM HH Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and Minister of Finance and Chairman of the Federal Tax Authority (FTA), has issued FTA Decision No. (1) of 2019, setting a daily maximum of AED7,000 for cash refunds of value added tax (VAT) for tourists applying through the tax refunds for tourists scheme. In ...

Bloomberg Indonesia said it will crack down on trash imported from the world’s richest countries after closer inspections showed it’s increasingly the recipient of toxic waste materials. Authorities at ports have boosted checks after a random inspection in May led to the discovery of more than 80 containers containing illegal waste from the US, Australia and Europe. One of Australia’s ...