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Abu Dhabi / WAM The Federal Tax Authority (FTA), asserted that the new Cabinet Decision issued to regulate Value Added Tax (VAT), incurred by gold and diamond dealers registered with the FTA seeks to establish the adequate legislative environment and infrastructure for the gold and diamonds sector to thrive. The decision also improves cash flow among registered suppliers of gold ...

Abu Dhabi / Emirates Business The UAE Organising Committee of the 24th World Energy Congress announced that Mubadala Investment Company, Abu Dhabi’s leading strategic investment company, will be a Host Sponsor for the 2019 Congress, taking place in Abu Dhabi from September 9-12. Held every three years in select international cities, the World Energy Congress is the world’s largest, longest-running ...

Bloomberg India’s government is looking for a company to analyse social media posts to help boost nationalism and neutralise any “media blitzkrieg by India’s adversaries.” In a lengthy tender posted online, India’s Ministry of Information and Broadcasting said it wants a company to provide analytical software and a team of at least 20 professionals to “power a real time New ...

Bloomberg Singapore’s goal of becoming a high-tech financial hub is running into real-world problems of labour supply and demand. Technology startups in many countries are fighting to attract skilled workers like software engineers. Yet in the tiny city-state of Singapore, with a population of 5.6 million, the dearth of talent is particularly acute. The nation’s universities and polytechnic schools churn ...

Bloomberg Bayer AG won US antitrust approval for its $66 billion takeover of Monsanto Co, clearing the last major regulatory hurdle to forming the world’s biggest seed and agricultural-chemicals provider after a nearly two-year global review. The companies reached a settlement with the Justice Department that resolves the gover- nment’s concerns that the merger as initially structured would harm consumers ...

Bloomberg European Union Trade Commissioner Cecilia Malmstrom gave her clearest signal yet that the EU will come up short in its bid for a permanent, unconditional waiver from US metal tariffs that President Donald Trump imposed on national-security grounds. Speaking just days before a temporary waiver for the EU from the duties expires, Malmstrom said the bloc would likely face ...

Bloomberg KKR & Co. agreed to acquire BMC Software Inc. in a deal that valued the information technology management provider at about $8.3 billion including debt, according to a person familiar with the matter. KKR will buy BMC from an investor group led by Bain Capital and Golden Gate Capital together with GIC Pte Ltd., Insight Venture Partners and Elliott ...

Bloomberg Tensions are rising between the US and China ahead of Asia’s biggest security conference this week, even as the two powers push for peace on the Korean Peninsula. Defense Secretary James Mattis said while en route to the annual IISS Shangri-La Dialogue in Singapore that he was planning to raise US concerns about China’s recent moves to “militarise” the ...

OTTAWA / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, met Chrystia Freeland, Canadian Minister of Foreign Affairs, in Ottawa, Canada. During the meeting, the two sides discussed bilateral relations between the UAE and Canada and ways of enhancing and developing them in all domains. They also exchanged views on the latest ...

ABU DHABI / WAM The number of hotel guests staying in the emirate’s 162 hotels and hotel apartments increased by 7.3% in the first four months of 2018, compared to the same period last year, figures released by the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi), reveal. The total number of hotel guests, which reached 1,724,967, ...