China lacks currency transparency: US
Treasury Secretary Mnuchin says exchange rate practices and yuan’s decline are 'particular concern'
Latest World, UAE Economy News
Brief hiatus in US-China trade talks
US President Donald Trump and Chinese President Xi Jinping could meet next month
UAE leads GCC in global competitiveness
Country ranked 27th in World Economic Forum’s annual rankings of 140 countries
FTA simplifies VAT refund for UAE nationals
Tax authority simplifies procedures for citizens building new residences
US retail sales growth below forecast
Autos sales rose 0.8%, more than making up from the dip in August
DED warns of unauthorised competitions
The warning comes in line with CCCP’s initiatives to prevent commercial fraud
Sears files Chapter 11 bankruptcy protection
Company once dominated the American landscape, joins growing list of retailers that have filed for bankruptcy or liquidated in the last two years amid a fiercely competitive climate
Oil jumps to $81.40, Asian shares slide
Oil prices could rise to $100 on worries about rising tensions, says analyst
Compensation-type payments not subject to VAT
Only supply of goods and service will be taxed
UAE calls for IMF, World Bank support for Mena
Meeting discussed private sector’s role in the region’s economic transformation
China seeks positive solution on trade dispute
China central bank chief says plenty of room for monetary adjustments amid trade row
President issues federal law on netting
Law to strengthen legislative framework for the settlement of contracts
Dubai DED issued 1,509 new licences last month
India, Pakistan and China among top nationalities to secure new licences
IMF members to avoid currency move in trade war
Agreement came as US Treasury Secretary Steve Mnuchin reiterated his concern over the yuan’s weakening against the dollar
Abu Dhabi’s Nominal GDP Up 15.3%
Abu Dhabi’s oil GDP grew by 36.0% to Dh94.8 billion during Q2 2018
Business Analysis
Big Tech gets an acquired taste for old media
But it is not known whether they will continue patronising such platforms
Middle East economies catch the Dutch Disease
Reliance on a single export commodity have distorted govern expenditures and much more
Cryptocurrencies can never emerge from shadows
The underlying processes powering them can never stand up to intense scrutiny
Latest Banking News
CBD reports 26.8% jump in 9-month profits
Decline in impairment charges and operating expenses boost bottom-line
Goldman Sachs, Morgan Stanley report profits
Stock underwriting revenues were unexpectedly healthy at both banks
Middle East investment banking fees down 8%
Region’s M&A transactions totalled $45.1b this year to date
