Wednesday 29 March 2017

What are the key points of planned VAT in UAE?

The UAE Ministry of Finance (MoF) hosted a value added tax (VAT) briefing session for advisors recently. The session aimed to send a clear message to the market, which is that VAT is coming and businesses must begin to prepare immediately, said a newsletter from EY, a global leader in assurance


Overtourism 'becoming a critical issue'

Over the last year or more, destinations around the world have been witnessing a new phenomenon - Overtourism - a situation where either there are too many tourists, or where the impact of tourist development is negatively affecting local lives without providing enough benefits in return.


Growth prospects now prime reason for job change

Attractive growth prospects, not salary, is the prime reason for a job change for a majority of professionals in the Middle East, according to a recent study. About 60 per cent of the respondents in a Naukrigulf poll opted better growth opportunities as the topmost consideration


A true commitment to green energy 'crucial for success'

A true commitment to renewables, and a credible pitch towards investors, should be embedded throughout the organisational structures and processes of companies, , says a London Business School (LBS) expert. A number of oil and gas majors are going through an existential crisis in


GCC on track for major economic recovery in 2017

While regional economies have been impacted by global reduction in oil prices, a recovery is expected from 2017 onwards, driven by a growth in oil prices as well as due to an increasing focus on economic diversification, a report said. One of the most important sectors which can


Extreme, unusual climate trends continue in 2017

Extreme weather and climate conditions have continued into 2017, while 2016 made history with a record global temperature, exceptionally low sea ice, and unabated sea level rise and ocean heat, according to the World Meteorological Organization (WMO). WMO issued its annual statem


Stay the course on risk assets: Barclays

World economy is expected to grow 3.7 per cent in 2017, which, while unimpressive by historical standards, suggests meaningfully firmer growth than in 2016, says Barclays, the UK-based multinational banking and financial services company. There has been a synchronized upswing in


Gates stays richest; number of billionaires jumps

Microsoft founder Bill Gates is the richest in the world for the fourth year in a row, according to the latest Forbes billionaires list. Gates has a fortune of $86 billion, up from $75 billion last year. The number of billionaires jumped 13 per cent to 2,043 in 2017 from 1,810 la


Renewable energy costs on ‘rapid decline’

Wind and solar PV technologies have seen rapid cost reductions and can now provide electricity at or below the cost of traditional sources in a growing number of countries, the International Energy Agency (IEA) said in a new report. This makes them more appealing for countries se


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