Dubai / WAM Tax compliance in the UAE is one of the highest in the world, as 98.8 percent of all businesses and groups registered for Value Added Tax (VAT), have complied with submitting their Tax Returns on time, where the rate increased after follow-ups from the Federal Tax Authority (FTA), asserted Khalid Ali Al Bustani, Director-General of the FTA. ...

Abu Dhabi / WAM Khalifa Port has surpassed 8.6 million continuous manpower hours since the last Lost Time Incident (LTI), in August 2015. Under the guidance of Abu Dhabi Ports, the master developer, operator and manager of commercial and community ports within the emirate of Abu Dhabi, Khalifa Port has become a beacon for health and safety best practices in ...

Abu Dhabi / WAM The UAE has expressed its ‘deep concern’ on the current situation in Syria, and the failure of the UN Security Council to make a decisive call to protect Syrian civilians and put an end to the use of chemical weapons. In a statement, the Ministry of Foreign Affairs and International Cooperation (MoFAIC), said, “The UAE calls ...

Dubai / WAM Dubai will be at the centre of the global trade debate this month when government ministers, senior business leaders and officials from the World Trade Organisation (WTO), attend a major trade dialogue in the emirate. Abdulla Al Saleh, Under-Secretary for Foreign Trade at the UAE Ministry of Economy, Suresh Prabhu, India’s Minister for Commerce and Industry, and ...

NEW DELHI / Reuters Global oil supply remains a concern amid OPEC and Russian-led output reductions, with production falling from mature oilfields while demand growth remains strong, the International Energy Agency’s Executive Director Fatih Birol said on Wednesday. This was despite forecasts of rising oil output from non-OPEC producers, led by the United States, which is expected to be able ...

Bloomberg Oil surged to a two-week high in New York as President Donald Trump told Russia in a tweet to “get ready” for US missiles to be fired at Syria. Futures in New York rose as much as 1.3 percent after climbing the most in eight months. President Donald Trump has intensified preparations for a response to a suspected chemical ...

Bloomberg The world’s first small-scale nuclear power reactor may be just eight years away. NuScale Power LLC, which is leading global efforts to build a so-called small modular reactor, is seeking as much as $120 million in equity investment to accelerate design of a matching power generator. The company has already spent more than $700 million, and has “hundreds of ...

Bloomberg Google, already the world’s biggest corporate buyer of wind and solar power, may soon be making another clean energy bet — this time, on batteries. “We would like to do something in 2018,” Neha Palmer, head of energy strategy at the Alphabet Inc. unit, said in an interview at the Bloomberg New Energy Finance Future of Energy summit in ...

Bloomberg President Donald Trump said relations with Russia are worse than they have ever been and warned the country to “get ready” because a volley of US missiles would soon be sent into Syria in response to a suspected chemical weapons attack. “Russia vows to shoot down any and all missiles fired at Syria. Get ready Russia, because they will ...

ALGIERS / Reuters More than 250 people were killed when a military plane crashed in a field near Algeria’s capital on Wednesday, state media said, with witnesses saying they saw a wing catch fire shortly after the plane took off. Dozens of firefighters, rescue workers and military officials worked around the blackened fuselage of the aircraft, which had been ripped ...