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In The News

Gulf

Gulf News

UAE among 20 least complex tax jurisdictions in the world The UAE is among the 20 least complex jurisdictions in the world for accounting and tax compliance, new data revealed on Wednesday. The UAE came in at 74th, indicating an …

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India

India News This Week

India’s manufacturing sector growth falls to 5-month low in March: PMI India’s manufacturing sector activity fell to a five-month low in March, as new business orders rose at a slower pace, and firms showed little appetite for recruitment, says a …

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Pakistan

Pakistan News

Govt removes ban on furnace oil imports as energy demand rises The government has lifted the ban on import of furnace oil for running power plants and has directed state-owned Pakistan State Oil (PSO) to place orders for bringing fuel …

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Shipping

Shipping News

Slow and steady recovery for container shipping The outlook for the container shipping market in 2018 and 2019 is a combination of healthy demand growth that will outpace the fleet; resulting in a better supply-demand balance and slightly higher freight …

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Technology

Technology News

PAKISTAN: Govt to set up a $75 million fund for giving loans to entrepreneurs: The government, through State Bank of Pakistan (SBP), is setting up a fund for startups in the country. Startups and budding businesses will not be getting …

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Commodity

Commodity News

Bahrain takes giant discovery of 80bn barrels of oil Bahrain announced on Wednesday the size of the oil reserves in the giant discovery that it had made, and figures dwarf the proved reserves that the island kingdom in the Persian …

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Gulf

Gulf News

Aldar unveils homes on reem island Aldar Properties on Saturday announced the launch of Reflection – a Dh440 million residential development on Reem Island. The Abu Dhabi-based developer said sales for Reflection will commence on March 31 at Aldar’s sales …

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India

India News This Week

CEA Arvind Subramanian says need clear protocol for sharing GST data Chief Economic Advisor Arvind Subramanian made a case for developing a clear protocol for sharing of GST data with government departments, saying it is a reflection on state’s capacity …

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Pakistan

Pakistan News

Bureaucracy plans to stop fund release without project documents The bureaucracy has finally decided to meet all procedural requirements before disbursing funds under the prime minister’s directives, but it comes only after the budget for discretionary spending has surged to …

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Shipping

Shipping News

Greek shipping fleet hits all-time high mark Ongoing tax issues and economic woes at home have failed to slow the growth of the Greek-controlled merchant fleet which hit an all-time high last year in terms carry capacity. The Greek fleet …

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