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Abu Dhabi / WAM The UAE Federal Tax Authority (FTA), announced that online registration for Value Added Tax (VAT), is now open, through its website, as part of the Authority’s preparations for the 5 percent VAT, set to be introduced from January 1, 2018. This is part of the Authority’s commitment to facilitate the registration procedures for all businesses in ...

Dubai / Emirates Business Dubai Culture & Arts Authority (Dubai Culture), the Emirate’s dedicated entity for culture, arts and heritage, has on Monday launched its ‘Global Perspectives on the Islamic Creative Economy’ book, featuring interviews that present the opinions of experts from local and international experts about how to consolidate Dubai’s position as an international centre for the Islamic Culture ...

DUBAI / WAM The Ministry of Finance (MoF), launched its new eCloud service technology for the financial and human resources (HR), systems of federal entities, in collaboration with the Federal Authority of Human Resources (FAHR), and Oracle International, during its participation in GITEX Technology Week 2017. The new technology will provide a secure IT infrastructure with minimal intervention from operators ...

DUBAI / Emirates Business Dubai Land Department (DLD) in cooperation with Pixonal, a leading innovation design firm, is showcasing the largest flip-dot screen to ever be constructed in the Middle East at GITEX Technology Week. The six by two meter screen is set to showcase DLD’s latest news which includes live real-estate transactions and project progress updates. DLD recently announced ...

Bloomberg President Donald Trump demanded that Congress deliver funding for his border wall and make dramatic changes to immigration policy in exchange for letting young people brought illegally to the US as children stay in the country. The administration’s proposal, outlined in a briefing by US officials and sent to lawmakers night, was swiftly rejected by top Democrats in Congress, ...

Bloomberg Almost 4 million new jobs, rising wages and eight interest-rate cuts in Indonesia should have been enough to spur consumers into action in the world’s fourth most populous nation. Instead, an increasing number of people are keeping a tight grip on their purse strings and putting their money in the bank, leaving policy makers and economists perplexed. “All the ...

Bloomberg Consumption was India’s big story. Its 1.3 billion population was expected to guzzle everything from iron to iPhones, driving global growth and cheering investors such as Apple Inc. and Goldman Sachs Group Inc. For a while everything seemed smooth. Indians were the world’s most confident consumers and the $2 trillion economy was the fastest-growing big market. Then, last November, ...

Bloomberg ­­­­­­­­­­­­­­­ Christmas shopping may get more hectic and crops might go unharvested unless the UK government ensures access to unskilled migrant labour after the UK leaves the European Union, the British Retail Consortium (BRC) warned. The government must make it easy for workers from the EU currently living in the UK to secure settled status and establish an immigration ...

Bloomberg General Electric Co.’s new boss has barely uttered a word in public during his first two months on the job. But he’s already sending signals that his tenure could bring one of the most sweeping makeovers in the company’s 125-year history. Chief Executive Officer John Flannery is seeking deep cost reductions, weighing portfolio changes and reshaping management from top ...

Bloomberg From the 300-plus crystal chandeliers to the gold-plated taps in the bathrooms, Donald Trump has transformed a hotel overlooking one of the world’s most legendary golf courses into an eponymous glittering palace. Members gathering for their tee times say they love many of the changes at the Trump Turnberry resort in Scotland, but they doubt the president will ever ...