Dubai / Emirates Business Emirates Institute for Banking and Financial Studies (EIBFS), a regional leader in banking and finance education and training, hosted a high-level conference to discuss the implications of value-added tax (VAT) on businesses in the UAE. The tax will kick in on January 1, 2018.The event convened more than 200 senior bankers, management consultants and experts ...

  Donald Trump’s tax plan, if adopted, has been seen as an unmitigated windfall for corporate America. Cutting the corporate tax rate to 15 percent from its current effective rate of around 28 percent could generate nearly $2 trillion in additional income for the companies in the S&P 500 index alone over a decade. But a surprising number of companies ...

  Germany’s No. 1 lender is leaner, more profitable and more financially robust than a year ago. That’s good news for shareholders who have suffered through two years of losses, and taxpayers nervous about the health of the country’s banking system. The bad news is that revenue is still underwhelming. Despite a blowout quarter for most of Wall Street’s debt-trading ...

  In a series of identical and unsurprising letters, the U.S. Justice Department has told local officials to be sure to cooperate with federal authorities on immigration issues. The federal government should expect nothing less. What accompanied the letters, however, was more disturbing. The letters, signed by acting assistant attorney general Alan Hanson, were sent last week to “alert” various ...

  The European Union set the scene for UK divorce process as the leaders of bloc’s remaining 27 countries unanimously signed off on their negotiating guidelines for the Brexit talks. It formally opens the way for discussions that will culminate with the UK leaving the bloc in March 2019 with or without a deal. Although the talks on the terms ...

  From 19th-century shop girls to 20th-century buyers, modern retailing has been a female-friendly work environment. Just look at the photos today’s department stores use to illustrate their commitments to diversity. Women typically outnumber men at least two-to-one, a ratio that reflects reality. At Nordstrom, for example, 70 percent of all employees and 69 percent of managers are women. So ...

  This is a busy time for major central banks. The Bank of Japan and European Central Bank met last week, the Reserve Bank of Australia and the Federal Reserve meet this week, and the Bank of England meets next week. Although most major central banks are deciding not to make big changes to monetary policies, global interest-rate expectations among ...

  Growing up isn’t what it used to be. There’s a yawning gap between the end of adolescence and the beginning of adulthood: a period when millions of 20-somethings and 30-somethings have many adult freedoms without all the responsibilities. Social scientists have tried — so far in vain — to name this new life-stage, but no one should question its ...

  Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, stressed that the UAE, under the leadership of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, provides great support for culture, literature, science and knowledge, placing them among its priorities, while encouraging authors ...

  Abu Dhabi / WAM Dr Sultan bin Ahmad Sultan Al Jaber, Minister of State and Chairman of the Board of Director of National Media Council, NMC, has highlighted the importance of the Arab Media Forum as an interactive platform for the region’s media sector enabling dialogue and exchange of information to enhance media performance. “There is no doubt that holding ...