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Sharjah Airport handles 5.731m passengers
SHARJAH: Sharjah Airport has announced that it registered a growth of 4.34% in passenger movement during the first half of 2018, with the number of its users increasing to more than 5.731 million passengers, compared with 5.493 million passengers in the same period of 2017. The increase is a result of new expanded service offerings for both passengers and airlines, as well as the expansion of air carriers operating out of the
 
 
‘Electronic system of VAT return for tourists soon‘
ABU DHABI: The Cabinet Decision to implement a system that returns Value Added Tax (VAT) to tourists will cement the UAE’s status as a premier global tourist destination, asserted the Federal Tax Authority (FTA). The Authority explained that the Cabinet Decision has set clear standards branded with transparency and accuracy in returning VAT refunds to tourists visiting the UAE. The Authority revealed that the project is nearing
   
UAE-South Africa non-oil trade hits $3.2 billion
ABU DHABI: Since formal diplomatic ties were first established in 1994, the UAE and South Africa maintain vibrant economic and trade relations with the African country becoming the key trading partner to the UAE in the Africa South of the Sahara during the period from 2014 to 2017, while the UAE remained the main market in Mena for South African exports, stated Sultan Bin Saeed Al Mansouri, Minister of Economy. ‘’Foreign non-oil
 
 
BHS completes first repurchase agreement transaction in DFM
DUBAI: Brokerage House Securities, a subsidiary of KBBO Group, announced that it has collaborated with Dubai Financial Market to execute its first repurchase agreement on securities listed in local financial markets. The transaction will allow investors to receive liquidity and benefit from the underlying values of the securities they hold. A repurchase agreement (repo) is a financial instrument through which the buyer provides
   
Aviation giants fly into Farnborough under Brexit cloud
FARNBOROUGH: Top global plane makers land at the Farnborough airshow in England next week, hoping to pick up speed on demand for passenger jets while charting a path through Brexit and trade war turbulence. This year’s sector showpiece event, opening Monday, will be buzzing on the back of rapid changes in the industry, as US titan Boeing and European arch rival Airbus vie for superiority in the skies. Chicago-headquartered
 
 

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