VAT could be coming to the UAE by 2018, according to finance officials. Gulf States are currently agreeing on key issues to implement value added tax, with certain sectors such as healthcare, education and social services being exempt. 94 food items will also be excluded. Marios Maratheftis, Global Chief Economist at Standard Chartered, says it’s a step in the right direction……
ADNOC unlocks over AED60 billion in UAE manufacturing opportunities
ADNOC announced on Sunday more than AED60 billion in local manufacturing opportunities through to 2030, alongside changes to its procurement and supplier systems.
Ambani's Jio becomes most subscribed Indian IPO
Bids for billionaire Mukesh Ambani's first IPO in 20 years topped $77 billion on Friday, making Jio Platforms India's most subscribed stock offering as it surpassed the 2008 issue of Reliance Power, part of his brother Anil's group.
Apple launches into foldable market as iPhone Duo sales begin
Sales of Apple's first folding phone, the iPhone Duo, began on Friday, with market watchers betting on whether the device can reinvent the small foldables market in the same way the iPhone did for smartphones.
Microsoft develops AI tool that can diagnose 'sequentially' like a doctor
Microsoft researchers say an AI tool that diagnoses patients step by step, as doctors do, was more than twice as accurate as general physicians at solving complex medical cases, according to a study published on Thursday in Science.
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