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  Jakarta / Agencies Indonesia’s parliament on Tuesday passed a tax amnesty bill in a bid to give Southeast Asia’s top economy a multi-billion-dollar boost, defying criticism the move will let evaders off the hook. The government believes the amnesty can bring in 165 trillion rupiah ($12.4 billion) of additional revenue this year by offering low rates to those who ...

  Dubai / Emirates Business New and emerging blockchain technologies are integral to supporting and realising a digital economy in the Middle East while ensuring effective protection against rapidly evolving threats of data security and cybercrime, said global consulting and technology firm Booz Allen Hamilton in a new report released on Tuesday. The report, titled ‘Blockchain Technology – Can the ...

  Bloomberg The vote is over but the campaign continues. With financial markets reeling from the Brexit vote, U.K. companies are stepping up lobbying to maintain access to the EU’s single market and labor, deepening potential rifts with British “Leave” voters who want to curb immigration. Prime Minister David Cameron has called an emergency meeting on Thursday of his Business ...

  Bloomberg The U.S. and Mexico will commit to joining Canada in boosting their use of wind, solar and other carbon-free sources of electricity, helping North America meet an ambitious goal of generating at least 50 percent of its energy from “clean” sources by 2025. The pledge is set to be made as part of a trilateral summit of North ...

  Bloomberg Brazil’s economy is turning sour, but the coffee is sweeter. A drought across robusta plantations this year has raised prices for the bitter-tasting type of coffee that’s usually the cheapest. In some cases, the beans are now more expensive than arabica, the variety preferred for high-end drinks because of its smooth flavor, and roasters are changing their blends. ...

  Dubai / Emirates Business The Mohammed bin Rashid Space Centre (MBRSC) and the American University of Sharjah (AUS) have announced the completion of the design and building of the communication Nanosatellite, Nayif-1. The satellite has also successfully passed all stages and tests, and is now ready for launch into space aboard SpaceX’s Falcon 9 Rocket. The UAE’s first Nanosatellite ...

  Dubai / Emirates Business The latest Economic Impact Assessment report released by Dubai World Trade Centre (DWTC), revealed that the spend associated with large-scale exhibitions, trade events, conventions and conferences hosted at DWTC in 2015 has contributed AED 12 billion in retained value towards Dubai’s economy, equivalent to 3.1 percent of the emirate’s GDP (Gross Domestic Product). The 2015 ...

  Dubai / Emirates Business Dubai Land Department (DLD) recently announced the launch of the ‘Ejari’ smart application at the Dubai Real Estate Institute (DREI)’s forum for leasing and property management companies, at an event which was attended by DLD’s senior management and a number of senior managers, The new Ejari electronic platform is expected to make a quantum leap ...

  Madrid / AFP Spain’s ruling conservatives made a fresh push on Monday to form a government and unblock months of political paralysis after emerging stronger from another inconclusive general election. The Popular Party (PP) was the big winner of Sunday’s elections, the second in six months, which played out against a background of turbulence from Britain’s shock vote to leave ...

  Al-Qaa / AFP A string of suicide bombings early on Monday killed at least five people in a Lebanese village near the volatile border with war-ravaged Syria. The attack came just hours after the IS group on Sunday claimed responsibility for a suicide bomb that killed seven soldiers on Jordan’s border with Syria. Monday’s deadly blasts struck Al-Qaa, a predominantly ...