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Inflation rises to 4.7% following VAT roll-out
Inflation in Abu Dhabi rose to 4.7 per cent in January 2018, the highest rate in years, following the implementation of Value-Added Tax (VAT)...
SABIC head re-elected as GPCA Chairman
SABIC head re-elected :: The Gulf Petrochemicals and Chemicals Association (GPCA) announced on Tuesday the re-election of Yousuf Al Benyan as its chairman for...
ADNOC, OCP ink deal to supply sulphur to Morocco
The Abu Dhabi National oil Company (ADNOC) and Morocco’s OCP Group have signed a long-term sales deal for ADNOC to supply OCP with granulated...
Saudi Aramco company shipyard venture appoints CEO
Saudi Aramco and a number of partners have appointed Fathi K. Al Saleem as CEO of a joint venture to build a shipyard on...
New $1bn Abu Dhabi chemicals facility to boost manufacturing
The new facility will supply raw material for some of the UAE's largest industrial firms
Shaheen Chem Investment, owned by investors from the United Arab...
UAE has the lowest VAT regionally and globally
The UAE has the lowest VAT regionally and globally, compared to countries such as UK, Switzerland, Germany, Mexico, South Africa and Australia, according to...
Reduction in tax for MSMEs to benefit TN textile firms
The reduction of corporate tax to 25 per cent for companies with turnover upto Rs 250 crore will benefit textileand garment firms in Tamil Nadu,...
E-commerce platform for artisans in India’s Kashmir
The government in India’s Jammu and Kashmir state is introducing an e-commerce platform for artisans and weavers to boost export of handicrafts and handloom...
Saudi foreign reserves rise for third straight month
The Saudi Arabian central bank’s foreign reserves rose in December for a third consecutive month, a sign that higher oil prices may be easing...
Multi-industry event for plastics, molds, printing & packaging open at Expo Centre Sharjah
With the region looking at increasing its downstream capabilities as part of its economic diversification policies, the regional plastics, molds, printing and packaging industries...
