Wednesday 29 March 2017
 
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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

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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.

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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

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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

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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

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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

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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

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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

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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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