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Foundations laid for UAE Pavilion at Expo
 
 
Hamdan calls on all businesses to register for VAT
ABU DHABI: Sheikh Hamdan Bin Rashid Al Maktoum, Deputy Ruler of Dubai and UAE Minister of Finance, has called on all businesses to comply with the executive regulations of the Federal Law No. 08 of 2017 on Value Add Tax, VAT, and register online via the Federal Tax Authority’s website to receive a tax identification number, and to avoid any administrative penalties for violation of tax laws in the UAE. Sheikh Hamdan urged
   
Middle East stock markets rise; DFM launches RSS
DUBAI: Middle Eastern stock markets edged up in quiet trade on Sunday, with construction and building materials stocks boosting Saudi Arabia ahead of the release of its 2018 state budget this week. Saudi Arabia’s index added 0.3 per cent as builder Khodari surged 7.6 per cent in its heaviest trade since January. Najran Cement gained 4.5 per cent and in addition to Khodari, the 10 best-performing stocks featured six cement
 
 
ADFD allocates Dhs10.5b for projects in Bahrain
ABU DHABI: A delegation from Abu Dhabi Fund for Development, ADFD, have visited Bahrain to review the progress of a number of development projects financed by the fund in the country. ADFD has allocated Dhs10.5 billion towards financing 26 development projects in Bahrain spanning the housing, energy, transportation and healthcare sectors. The projects are being implemented as part of a grant provided by the UAE within the
   
UAE’s logistics industry on course to adopt AI framework
DUBAI: The UAE ranked 13th on the World Bank’s Logistics Performance Index, outperforming Canada, Australia and France along with several other established markets. The 10th Supply Chain and Logistics Summit (SCLG) focussed on harnessing the power of Artificial Intelligence, Blockchain technology, IoT and its impact on the logistics industry. The supply chain and logistics industry constitutes close to 14 per cent of the country’s
 
 

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ADSM
 DFM Kuwait   S.Arabia
 0.22%
 
0.31%
 
0.38%
 
0.25%
 
 INDICES CLOSE

 UP/DOWN 
 Bombay
33,462.97
216.27
 Karachi
38645.90
422.35 
 Philippines
8,337.04
124.02
 Nikkei 225
22,553.22
141.23
 

 CURRENCIES/DHS BUY SELL
 US $ 3.6730  3.6730
 British £
4.9254
 4.9588
 Euro ç 4.3139  4.3165
 Yen ¥ 0.0326 0.0327

 GOLD(24ct/g) CLOSE

 UP/DOWN 
 Dubai
152.00
00.00
 Bombay
30,032
64.00
 Karachi
46,628
171.00
  UK (Oz)$
1,256
3.00

 DRAFT RATE

 India (Rs) 17.36
 Pakistan (Rs)
29.64
 Bangladesh (Taka) 22.48
 Sri Lanka (Rs)
41.58
     
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