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  Bloomberg China will raise the sales tax on small cars to 7.5 percent, curbing an incentive that has propped up the auto industry, which is heading for its 26th consecutive annual expansion, according to people familiar with the matter. The tax rate is less than the 10 percent originally scheduled to take effect from January. However, it is an ...

  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, on Tuesday offered his condolences to Sheikh Rashid bin Hamdan Al Nahyan on the death of his son Sheikh Hamdan. HH Sheikh Tahnoun bin Mohammed Al Nahyan, Abu Dhabi Ruler`s Representative in the ...

  DUBAI / WAM Vice President and Prime Minister of the UAE and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, on Tuesday met the key Arab social media influencers on the sidelines of the Arab Social Media Influencers Summit (ASMIS) being held at the Dubai World Trade Centre. He was accompanied by HH Sheikh Hamdan bin ...

  Dubai / WAM The world is seeing a fast pace of development due to the speed of technological advancement, which has enabled unprecedented interaction between individuals and communities, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, said. While honouring the winners of the Arab Social Media Influencers Awards, he ...

  Abu Dhabi / WAM Gathered together at a roundtable for women speakers of parliament, at the Global Summit of Women Speakers of Parliament (GSWS) 2016, participant delegates from over 30 countries unanimously lauded the success of this first summit of its kind, hosted by Abu Dhabi. Chaired by Dr. Amal Al Qubaisi, Speaker of the UAE Federal National Council (FNC) and ...

  Dubai / WAM Dubai International Airport (DXB) is full of festive cheer as it prepares to welcome some seven million passengers during December with an exciting array of seasonal activities, promotions, prize giveaways and entertainment for passengers at the world’s leading international hub. “Nearly a quarter of a million passengers will be passing through the airport daily during the peak ...

  Ras Al Khaimah / Emirates Business Ras Al Khaimah, the UAE’s northern-most emirate, is readying this month to host its biggest ever Awafi Festival – the 14th in the annual series. The three-week festival, a defining event in the emirate’s tourism calendar, yearly attracts visitors from all over the GCC, who descend on the mountain-desert-beach destination to celebrate its ...

  Dubai / Emirates Business DAMAC Properties on Tuesday announced that it has awarded 15 major construction and consultancy contracts valued at AED 1.26 billion during the period between August and November this year, bringing the total value of contracts awarded so far in 2016 to AED 6.51 billion for projects in Dubai and the UK. The awarded contracts are ...

  Abu Dhabi / Emirates Business Miral and SeaWorld Entertainment, Inc. (NYSE:SEAS) (“SeaWorld”) on Tuesday announced their partnership to develop SeaWorld Abu Dhabi, a first-of-its-kind marine life themed park on Yas Island. This next generation SeaWorld Abu Dhabi will also include the UAE first dedicated marine life research, rescue, rehabilitation and return center with world-class facilities and resources for the ...

  Bloomberg China Petroleum & Chemical Corp. is selling a 50 percent stake in a pipeline unit to investors including China Life Insurance Co. for 22.8 billion yuan ($3.3 billion) as it seeks funds to expand its natural gas business. China Life will pay 20 billion yuan for a 43.86 percent stake in the pipeline, while a division of State ...