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US adds 4.8 million jobs in June as unemployment falls to 11.1%

02 Jul 2020

US employers added a substantial 4.8 million jobs in June, and the unemployment rate fell to 11.1%, as the job market improved for a second straight month, yet still remained...

Surge in e-tax payment transactions via UAEFTS using GIBAN

23 Jun 2020

The Federal Tax Authority ( FTA) has reported an increase in tax payments made using the Generated International Bank Account Number, GIBAN, via the UAE Fund Transfer System, UAEFTS, which...

Technology, digital strategies will power MEA’s economic recovery

12 Jun 2020

Business Bureau, Gulf Today According to the latest predictions revealed by International Data Corporation (IDC), manufacturing sector is estimated to invest $6 billion in digital transformation by 2023, while...

India rules out GST waiver for businesses to fight virus woes

24 May 2020

India’s Finance Ministry has ruled out GST waiver or deference to businesses as part of the economic relief package to help them cope with the situation arising in the wake...

Buyers of oil and gas fields try to renegotiate previous deals

22 May 2020

The collapse in oil prices to 21-year lows has led potential buyers of oil and gas fields to try and renegotiate deals already agreed at higher prices, with the first...

Pandemic to last least for rest of year: Germany

07 May 2020

The coronavirus pandemic will last for at least the rest of this year, German Chancellor Angela Merkel's chief of staff told Deutschlandfunk radio on Thursday. "We are not...

Virus plunges French economy into worst post-war slump

30 Apr 2020

France saw its sharpest economic contraction since World War II in the first quarter as a lockdown from mid-March left shops shuttered and consumers hunkered down at home,...

Dubai Chamber keen to boost public-private sector relations

13 Mar 2020

Inayat-ur-Rahman Hamad Buamim, President & CEO, Dubai Chamber of Commerce and Industry, affirmed that the Chamber is committed to strengthening the partnership of public and private sectors to face...

China to allow key industries resume work in Wuhan

11 Mar 2020

Key industries in the central Chinese city of Wuhan, epicentre of the coronavirus outbreak that has claimed more than 4,000 lives to date, will resume work, the provincial government of...

UAE digital transformation on track

11 Feb 2020

Sajjad Ahmad, Gulf Today In the wake of Fourth Industrial Revolution, the UAE is introducing smart initiatives and transforming its core sectors to digital systems to prepare for future...

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