Abu Dhabi / Emirates Business The inspection tours conducted by the Federal Tax Authority (FTA) have revealed that customer satisfaction with the Tax Refunds for Tourists Scheme’s electronic system is on the rise. The Authority had launched the Scheme in two consecutive phases beginning on November 18 this year, in collaboration with global systems operator Planet, covering, so far, 12 ...

Bloomberg The Trump administration outlined plans for selling drilling rights on every acre of the Arctic National Wildlife Refuge’s coastal plain, despite acknowledging potential oil spills and impacts to polar bear and caribou that roam through the region. The Interior Department’s draft environmental impact statement, published online, is a major milestone in the administration’s push to sell drilling rights in ...

Bloomberg Crude drilling increased in American fields even as explorers face the biggest quarterly drop in oil prices since 2014. Working US oil rigs rose by 10 this week to 883, according to data released by oilfield services provider Baker Hughes. More than 100 additional rigs have been deployed across American fields this year. It’s likely one of the last ...