October 16, 2018
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October 11, 2018

The Palestinian Energy Authority and the World Bank launched today the Gaza Solar Revolving Fund, a pilot aiming to install rooftop solar energy in Gaza for residential consumers, businesses and hospitals. The pilot model allows consumers to apply to the revolving fund for solar PV systems, with the cost repaid in monthly installments into the revolving fund.

This Fund is financed through the Electricity Sector Performance Improvement Project (ESPIP),"...

 

October 15, 2018

Companies and consumers in the UAE will not be taxed on payments listed in their business and legal contracts, such as a speeding ticket or a late-delivery fine, unless these payments are related to the supply of goods and services, according to the Federal Tax Authority.

Payments that are specified in business contracts between companies to compensate for loss, negligence or other errors are not subject to VAT unless they are related to the supply of goods and services, the FTA said in a statement on Sunday, part of the authority's 'public clarifications'"...

 
 
October 15, 2018

Korean Air Lines chairman Cho Yang-ho is set to stand trial in an embezzlement case, adding to troubles faced by a family that’s been at the centre of rage-driven scandals.

Indicting Mr Cho, prosecutors said he pocketed 19.6 billion won (Dh62.4m) in fees meant for the carrier from maintenance and duty-free operations in the five years through 2018, a spokesman at the Seoul Southern District Prosecutors’ Office said on Monday. The company will present facts at the trial, a Korean Air spokeswoman said.

The"...

 
 
October 15, 2018

DUBAI —

Highlighting its commitment to sharing its knowledge and technology expertise, Elm - a leader in innovative digital solutions - launched five innovative services during its participation at GITEX Technology Week 2018, which kicked off yesterday (Oct. 14) in Dubai. The launch of new services forms part of the company’s efforts to enable the public and private sectors to keep abreast of local and global technological developments, as the Middle East and North Africa (MENA) region continues to embrace digital transformation, with regional IT spending set to reach USD 155.36 billion this year.

The new"...

 
 
October 15, 2018

RAMALLAH, Sunday, October 14, 2018 (WAFA) – The overall consumer price index (CPI) for Palestine during September 2018 slightly decreased by 0.07% compared with August 2018, according to the Palestinian Central Bureau of Statistics (PCBS).

CPI decreased by 0.09% in the West Bank, while it increased by 0.78% in the Gaza Strip, and by 0.10% in Jerusalem.

The Palestinian CPI during September 2018 slightly decreased by 0.09% compared with September 2017.

It"...

 
 
October 15, 2018

NABLUS, October 14, 2018 (WAFA) – The 'Al-Quds Index' of the Palestine Exchange closed Sunday trading at 527.89 points, up by 1.31 points (0.25%) compared to the last trading session, according to PEX daily report.

A Total of 75,881 shares were traded with a value of $140,172.089 executed during 54 transactions.

Shares of 13 companies were traded. Share price increased in three companies whereas decreased in five companies.

Top"...

 
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