7 joint initiatives unveiled by Saudi-Emirati panel
Panel has a historic task to provide a successful model for integration — Al Gergawi
Joint cryptocurrency launched in Abu Dhabi
It relies on the use of distributed database between central banks and participating bank
Sign up for
your Daily Brief
10,000 retailers for tourist VAT refund scheme
The scheme will launch on Sunday with 4,500 participating stores
More from Business
-
-
Business
Energy drinks lose kick as public shuns cost
A combination of education and new tax has damaged sales of beverages
-
Markets
Potentially bullish trend reversal pattern in Dubai
A breakout trigger is needed before the pattern is confirmed to be valid
-
Retail
VAT: Guide on foreign business refunds issued
4 conditions that would allow foreign businesses to recover VAT
-
Retail
Asia’s richest man to take on Amazon in India
Ambani’s retail arm operates nearly 10,000 outlets across more than 6,500 Indian cities
-
Energy
IEA sees oil demand growth defying economic slowdown
Oil consumption will expand by 1.4 million barrels a day — about 1.4% — in 2019
-
Aviation
Ryanair blames lower fares for fresh profit warning
Ryanair said winter fares were expected to have dropped by 7%
-
Business
Godiva shortlists bidders in $1.5b Asia sale
Confectioner’s owner Yildiz Holding AS seeks final offers in the next few weeks
-
Business
Renault posts record sales as Ghosn successor sought
Sales were driven higher by demand for its low-cost models
-
Business
Oxford says no to additional Huawei funding
Huawei faces unprecedented challenges to its business amid a global campaign by US
-
Business
ECB has narrow window for rate hikes
Draghi is seen lifting the deposit rate at his final meeting as president in October
-
Business
EU rules in cars, farming out of US trade talks
EU proposal on tariffs falls far short of the wide-ranging wishlist
-
Business
Sudan must reform or seek bailout, analysts say
Currency has plummeted, inflation soared as nation was cut off from IMF funding
-
Business
India to abandon fiscal discipline for growth
Government had forecast a budget deficit of 3.3% of GDP for the current fiscal year
-
Business
Tesla to cut 7% of jobs to lower Model 3 costs
Shares fall 7.6% after company said it managed to eke out a profit in the fourth quarter
-
Markets
Saudi bonds to Join JPMorgan Index
JPMorgan said Saudi Arabia’s approximate weight in the EMBIGD index is 3.3%